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Warner Bros. Discovery, Inc. WBD Studios — Other segment expenses

Other segment segments

Global Linear Networks
$493M-10.2%
Streaming
$447M+9.8%

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PSKYStudios — Total Costs & Expenses
$1.12B
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CMCSAStudios — Programming and production
$2.24B+17.6%
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$3.66M-4.4%
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DISEntertainment Segment — Other Cost and Expense, Operating
$1.5B+10.2%

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 us-gaap:SegmentReportingOtherItemAmount.

The official record: Warner Bros. Discovery, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s studios — other segment expenses?
Warner Bros. Discovery, Inc. (WBD) reported studios — other segment expenses of $221M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s studios — other segment expenses changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — other segment expenses decreased by 5.6% year-over-year, from $234M to $221M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — other segment expenses?
Over 3 years (2022 to 2025), Warner Bros. Discovery, Inc.'s studios — other segment expenses has grown at a 33.7% compound annual growth rate (CAGR), from $392M to $937M.
What does studios — other segment expenses mean?
Residual operating expenses within the studios segment that do not fall into specific categories like content, personnel, or marketing. This includes overhead, facilities costs, and other administrative expenses necessary for segment operations.