Skip to content
Screener

Warner Bros. Discovery, Inc. WBD Studios — Segment Adjusted EBITDA

Similar metrics at other companies

Hillman Solutions Corp. logo
HLMNSegment Adjusted EBITDA
$68.83M+13.9%
Clear Channel Outdoor Holdings, Inc. logo
CCOSegment Adjusted EBITDA
$171.99M+13.5%
QuidelOrtho Corporation logo
QDELSegment Adjusted EBITDA
$260M+0.8%
iHeartMedia, Inc. logo
IHRTSegment Adjusted EBITDA
$218.45M-4.1%
MP Materials logo
MPMagnetics Segment — Segment Adjusted EBITDA
$9.59M+1,846%
MP Materials logo
MPMaterials Segment — Segment Adjusted EBITDA
$36.73M+877%

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:TotalAdjustedEBITDA.

The source filing: Warner Bros. Discovery, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 9:42 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437107-26-000075
Line itemStreamingStudiosGlobal Linear Networks
Revenues$3,079$2,328$3,991
Less:
Content expense (a)1,5691,4421,400
Personnel expense (b)187235509
Marketing expense344307137
Other segment expenses (c)467248499
Segment Adjusted EBITDA$512$96$1,446

ITEM 1. Unaudited Financial Statements.

FAQ

What is Warner Bros. Discovery, Inc.'s studios — segment adjusted EBITDA?
Warner Bros. Discovery, Inc. (WBD) reported studios — segment adjusted EBITDA of $96M in Q2 2026.
How has Warner Bros. Discovery, Inc.'s studios — segment adjusted EBITDA changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — segment adjusted EBITDA decreased by 88.9% year-over-year, from $863M to $96M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — segment adjusted EBITDA?
Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s studios — segment adjusted EBITDA has grown at a 267.2% compound annual growth rate (CAGR), from $14M to $2.55B.
What does studios — segment adjusted EBITDA mean?
This metric represents the earnings before interest, taxes, depreciation, and amortization for the film and television production segment, adjusted for non-cash items and specific non-recurring charges. It serves as a primary indicator of the operational profitability and cash-generating capacity of the company's content creation and distribution activities. By excluding capital structure and accounting conventions, it allows investors to evaluate the underlying performance of the studio business relative to its production costs and licensing revenues.

Ask your AI about Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda.

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

Connect your AI
Harbor at dusk
Claude