Warner Bros. Discovery

Communication Services Broadcasting New York City, New York Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$37.3B
                    3y CAGR +3.3%
                    
                    P47
                    
                    -5.1%
                    
                    Net income
                    FY2025
                
$727.0M
                    Net margin +1.9%
                    
                    P16
                    
                    +106.4%
                    
                    Total assets
                    FY2025
                
$100.1B
                    ROA +0.7%
                    
                    P16
                    
                    -4.3%
                    
                    Operating cash flow
                    FY2025
                
$4.3B
                    FCF margin +8.3%
                    
                    P24
                    
                    -19.6%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $100.1B

Total liabilities $62.9B

Shareholders equity $35.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	12.2%	13.5%	9.1%
Short Term Investments	0.0%	0.1%	0.1%
Accounts Receivable	14.2%	12.6%	14.6%
Prepaid Expenses	9.0%	9.7%	10.6%
Total Current Assets	35.4%	35.8%	34.4%
Property,Plant and Equipment	17.9%	15.5%	14.4%
Goodwill	69.5%	65.3%	84.6%
Intangible Assets	74.4%	82.1%	92.7%
Long Term Investments	2.8%	2.8%	3.6%
Other Noncurrent Assets	19.8%	18.6%	19.6%
Total Assets	268.4%	265.9%	297.1%
Liabilities
Accounts Payable	2.9%	2.7%	3.0%
Accrued Liabilities	25.8%	26.5%	25.1%
Deferred Revenue	4.4%	4.0%	4.7%
Current Portion of Long Term Debt	0.4%	7.0%	4.3%
Other Current Liabilities	0.7%	0.8%	0.8%
Total Current Liabilities	33.5%	40.2%	37.1%
Long Term Debt	87.3%	100.5%	105.7%
Deferred Revenue Noncurrent	1.0%	0.5%	0.4%
Deferred Tax Liabilities	17.1%	22.8%	25.3%
Other Noncurrent Liabilities	31.1%	25.6%	25.0%
Total Liabilities	168.7%	177.1%	184.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%
Additional Paid In Capital	150.3%	141.3%	133.4%
Retained Earnings	-30.9%	-31.1%	-2.2%
Treasury Stock	22.1%	21.0%	20.0%
Accumulated Other Comprehensive Income	-1.1%	-2.7%	-1.8%
Noncontrolling Interest	3.3%	2.0%	2.6%
Total Stockholders Equity	96.3%	86.6%	109.5%
Total Liabilitiesand Equity	268.4%	265.9%	297.1%

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $37.3B

Operating income $738.0M

Net income $727.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	56.0%	58.4%	59.4%
Expenses Selling,General and Administrative	25.3%	23.6%	23.5%
Expenses Depreciation and Amortization	15.2%	17.9%	19.3%
Expenses Share Based Compensation	2.1%	1.4%	1.2%
Expenses Restructuring and Asset Impairment	1.1%	1.1%	1.4%
Expenses Operating Expenses	98.0%	125.5%	103.7%
Other Income Expense Operating Income	2.0%	-25.5%	-3.7%
Other Income Expense Interest Income	0.6%	0.5%	0.4%
Other Income Expense Interest Expense	5.6%	5.1%	5.4%
Other Income Expense Other Income/expense	0.2%	0.4%	-0.1%
Other Income Expense Income Before Tax	4.4%	-29.0%	-9.3%
Income Tax Income Tax Expense	2.4%	0.2%	-1.9%
net Income net Income	1.9%	-28.8%	-7.6%
net Income Comprehensive Income	3.7%	-29.6%	-5.7%
Earnings Per Share Basic Eps	0.0%	-0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	-0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	6.6%	6.2%	5.9%
Earnings Per Share Weighted Average Shares Diluted	6.8%	6.2%	5.9%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $4.3B

Investing cash flow $-1.2B

Financing cash flow $-4.2B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	1.9%	-28.8%	-7.6%
Operating Activities Depreciation and Amortization	15.2%	17.9%	19.3%
Operating Activities Stock Based Compensation	2.1%	1.4%	1.2%
Operating Activities Deferred Income Taxes	-1.9%	-4.4%	-5.7%
Operating Activities Changes In Operating Assets and Liabilities	-0.9%	0.7%	-2.0%
Operating Activities net Cash From Operating Activities	11.6%	13.7%	18.1%
Investing Activities Capital Expenditures	3.3%	2.4%	3.2%
Investing Activities Business Acquisitions	0.0%	0.0%	0.1%
Investing Activities Other Investing Activities	-0.2%	-0.1%	-0.2%
Investing Activities net Cash From Investing Activities	-3.2%	-0.9%	-3.0%
Financing Activities Proceeds From Debt	49.1%	4.1%	3.6%
Financing Activities Repayment of Debt	60.8%	12.8%	6.9%
Financing Activities Proceeds From Stock Issuance	0.1%	0.0%	0.0%
Financing Activities Other Financing Activities	-0.3%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	-11.4%	-9.5%	-14.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.7%	-0.5%	0.0%
Cash Reconciliation net Change In Cash	-2.3%	2.8%	0.9%
Cash Reconciliation Cash At Beginning of Period	12.3%	13.8%	10.5%
Cash Reconciliation Cash At End of Period	12.3%	13.8%	10.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+44.0%	+41.6%	+40.6%
Operating margin	+2.0%	-25.5%	-3.7%
Net margin	+1.9%	-28.8%	-7.6%
FCF margin	+8.3%	+11.3%	+14.9%
Growth
Revenue CAGR (3y)	+3.3%	+47.8%	+57.0%
Returns
ROE	+2.0%	-33.2%	-6.9%
ROA	+0.7%	-10.8%	-2.5%
ROIC	+0.5%	-14.1%	-1.8%
Liquidity
Current ratio	1.06x	0.89x	0.93x
Quick ratio	0.79x	0.65x	0.64x
Leverage
D/E	1.75x	2.05x	1.69x
Interest coverage	0.35x	-4.97x	-0.70x
Efficiency
Asset turnover	0.37x	0.38x	0.34x
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Warner Bros. Discovery

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history