Skip to content
Screener

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

Similar metrics at other companies

Netflix logo
NFLXAdditions to streaming content assets
-$4.93B-228%
TKO Group Holdings logo
TKOAmortization And Impairments Of Content Production Assets
$6.71M+8.1%
Mattel logo
MATContent asset amortization
$3.18M-82.1%
Mattel logo
MATContent assets amortization
$3.18M-82.1%
Expedia Group, Inc. logo
EXPETechnology and Content Expense
$325M0.0%
CuriosityStream logo
CURILicensed content — Amortization of content assets
$2.06M+21.8%

Other financials

Income statement

See full
Revenue$8.7B-11.2%
Gross profit$4.1B+6.5%
Operating income$237.0M+228%
Net income$149.0M-90.6%
EPS (diluted)$0.06-90.5%

Balance sheet

See full
Cash & equivalents$3.4B-31.1%
Total debt$32.0B+14,390%
Total equity$32.8B-8.9%
Total assets$97.2B-4.4%

Cash flow

See full
Operating cash flow$848.0M-13.7%
CapEx$276.0M-1.8%
Free cash flow$572.0M-18.5%

Valuation

See full
Market cap$67.14B+152%
Enterprise value$95.8B+335%
P/S1.9×+1.2×

Profitability

See full
Gross margin47.2%+4.0pp
Operating margin-3.5%-3.7pp
Net margin1.3%+0.7pp
FCF margin6%-4.5pp

Returns & leverage

See full
Return on equity1.4%+0.7pp
Debt / equity+1.0×
Current ratio0.8×-0.3×

Where this comes from

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

Tagged under the XBRL concept wbd:ContentAmortizationAndWriteoffsIncludingRestructuringCostsAndAssetImpairmentCharges.

The source filing: Warner Bros. Discovery, Inc.’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:20 PM EST
Fiscal year
FY2025
Accession
0001437107-26-000020
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Streaming$5,464$6,416$6,138
Studios3,1065,6925,074
Global Linear Networks6,0934,2506,630
Corporate13(6)
Inter-segment eliminations(2,809)(2,250)(1,697)
Total content amortization and impairment expense$11,855$14,111$16,139

Item 8. Financial Statements and Supplementary Data.

FAQ

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.

Ask your AI about Warner Bros. Discovery, Inc.'s streaming — total content amortization and impairment expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude