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Warner Bros. Discovery, Inc. WBD Studios — Personnel 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 us-gaap:LaborAndRelatedExpense.

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 — personnel expense?
Warner Bros. Discovery, Inc. (WBD) reported studios — personnel expense of $251M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s studios — personnel expense changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — personnel expense increased by 9.1% year-over-year, from $230M to $251M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — personnel expense?
Over 3 years (2022 to 2025), Warner Bros. Discovery, Inc.'s studios — personnel expense has grown at a 10.6% compound annual growth rate (CAGR), from $712M to $963M.
What does studios — personnel expense mean?
Total compensation and benefits costs for employees working within the studios segment. This metric reflects the labor intensity and human capital investment required to operate the production and distribution business.