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Warner Bros. Discovery, Inc. WBD Studios — Restructuring Reserve

Other segment segments

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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:RestructuringReserve.

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 — restructuring reserve?
Warner Bros. Discovery, Inc. (WBD) reported studios — restructuring reserve of $63M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s studios — restructuring reserve changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — restructuring reserve decreased by 4.5% year-over-year, from $66M to $63M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — restructuring reserve?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s studios — restructuring reserve has grown at a -26.1% compound annual growth rate (CAGR), from $407M to $222M.
What does studios — restructuring reserve mean?
The balance of accrued liabilities set aside to cover future cash outflows related to restructuring activities within the studios segment. This reserve represents the estimated cost of severance, contract terminations, and other exit activities that have been committed to but not yet paid.