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Warner Bros. Discovery, Inc. WBD Streaming — Total content amortization and impairment expense

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Other financials

Income statement

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Revenue$8.9B-1.0%
Gross profit$4.3B+10.4%
Operating income-$2.5B-6,573%
Net income-$2.9B-544%
EPS (diluted)-$1.17-550%

Balance sheet

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Cash & equivalents$3.3B-15.6%
Total debt$1.5B-46.3%
Total equity$32.6B-3.7%
Total assets$97.8B-3.8%

Cash flow

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Operating cash flow-$208.0M-138%
CapEx$268.0M+6.8%
Free cash flow-$476.0M-258%

Valuation

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Market cap$67.64B+160%
Enterprise value$65.87B+164%
P/S1.8×+1.1×

Profitability

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Gross margin45.2%+2.7pp
Operating margin-4.6%-2.1pp
Net margin1.3%+0.7pp
FCF margin6.2%-5.1pp

Returns & leverage

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Return on equity1.4%+0.7pp
Debt / equity0.0×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by Warner Bros. Discovery, Inc. in its filing.

Tagged under the XBRL concept wbd:ContentAmortizationAndWriteoffsIncludingRestructuringCostsAndAssetImpairmentCharges.

The official record: Warner Bros. Discovery, Inc.’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense?
Warner Bros. Discovery, Inc. (WBD) reported streaming — total content amortization and impairment expense of $1.37B in Q4 2025.
How has Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense decreased by 14.8% year-over-year, from $1.6B to $1.37B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense has grown at a -5.7% compound annual growth rate (CAGR), from $6.14B to $5.46B.
What does streaming — total content amortization and impairment expense mean?
This represents the total cost recognized for the consumption and potential write-down of content assets within the streaming segment. It includes the systematic allocation of production costs over the expected life of the content and any immediate charges for content deemed to have no future value. This is a primary driver of profitability and operational efficiency in streaming.