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
                    
                    n/a
                    
                    Net income
                    FY2025
                
$727.0M
                    Net margin +1.9%
                    
                    P16
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$100.1B
                    ROA +0.7%
                    
                    P16
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$4.3B
                    FCF margin +8.3%
                    
                    P24
                    
                    n/a

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

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

31 accounts · 1 year

Total assets $100.1B

Total liabilities $62.9B

Shareholders equity $35.9B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$4.6B
Short Term Investments	$0
Accounts Receivable	$5.3B
Prepaid Expenses	$3.3B
Total Current Assets	$13.2B
Property,Plant and Equipment	$6.7B
Goodwill	$25.9B
Intangible Assets	$27.8B
Long Term Investments	$1.0B
Other Noncurrent Assets	$7.4B
Total Assets	$100.1B
Liabilities
Accounts Payable	$1.1B
Accrued Liabilities	$9.6B
Deferred Revenue	$1.6B
Current Portion of Long Term Debt	$139.0M
Other Current Liabilities	$260.0M
Total Current Liabilities	$12.5B
Long Term Debt	$32.6B
Deferred Revenue Noncurrent	$355.0M
Deferred Tax Liabilities	$6.4B
Other Noncurrent Liabilities	$11.6B
Total Liabilities	$62.9B
Equity
Preferred Stock	$0
Common Stock	$27.0M
Additional Paid In Capital	$56.1B
Retained Earnings	$-11.5B
Treasury Stock	$8.2B
Accumulated Other Comprehensive Income	$-407.0M
Noncontrolling Interest	$1.2B
Total Stockholders Equity	$35.9B
Total Liabilitiesand Equity	$100.1B

Income Statement

Revenue, expense, and profitability

19 accounts · 1 year

Revenue $37.3B

Operating income $738.0M

Net income $727.0M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$37.3B
Expenses Cost of Revenue	$20.9B
Expenses Selling,General and Administrative	$9.4B
Expenses Depreciation and Amortization	$5.7B
Expenses Share Based Compensation	$769.0M
Expenses Restructuring and Asset Impairment	$399.0M
Expenses Operating Expenses	$36.6B
Other Income Expense Operating Income	$738.0M
Other Income Expense Interest Income	$206.0M
Other Income Expense Interest Expense	$2.1B
Other Income Expense Other Income/expense	$65.0M
Other Income Expense Income Before Tax	$1.6B
Income Tax Income Tax Expense	$890.0M
net Income net Income	$727.0M
net Income Comprehensive Income	$1.4B
Earnings Per Share Basic Eps	$0
Earnings Per Share Diluted Eps	$0
Earnings Per Share Weighted Average Shares Basic	$2.5B
Earnings Per Share Weighted Average Shares Diluted	$2.5B

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $4.3B

Investing cash flow $-1.2B

Financing cash flow $-4.2B

Account	2025	Trend
CashFlow
Operating Activities net Income	$727.0M
Operating Activities Depreciation and Amortization	$5.7B
Operating Activities Stock Based Compensation	$769.0M
Operating Activities Deferred Income Taxes	$-710.0M
Operating Activities Changes In Operating Assets and Liabilities	$-327.0M
Operating Activities net Cash From Operating Activities	$4.3B
Investing Activities Capital Expenditures	$1.2B
Investing Activities Business Acquisitions	$0
Investing Activities Other Investing Activities	$-72.0M
Investing Activities net Cash From Investing Activities	$-1.2B
Financing Activities Proceeds From Debt	$18.3B
Financing Activities Repayment of Debt	$22.7B
Financing Activities Proceeds From Stock Issuance	$30.0M
Financing Activities Other Financing Activities	$-115.0M
Financing Activities net Cash From Financing Activities	$-4.2B
Cash Reconciliation Effect of Exchange Rate On Cash	$254.0M
Cash Reconciliation net Change In Cash	$-846.0M
Cash Reconciliation Cash At Beginning of Period	$4.6B
Cash Reconciliation Cash At End of Period	$4.6B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+44.0%
Operating margin	+2.0%
Net margin	+1.9%
FCF margin	+8.3%
Growth
Revenue CAGR (3y)	+3.3%
Returns
ROE	+2.0%
ROA	+0.7%
ROIC	+0.5%
Liquidity
Current ratio	1.06x
Quick ratio	0.79x
Leverage
D/E	1.75x
Interest coverage	0.35x
Efficiency
Asset turnover	0.37x
Cash conversion cycle	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Warner Bros. Discovery

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