WBD
Warner Bros. Discovery Inc. Series A Common StockStock · Communication ServicesNasdaq-100 0.3% · S&P 500 Equal Weight 0.2% · Nasdaq Composite 0.1% · S&P 500 0.1% · Russell 1000 0.09% · Russell 3000 0.09% · US Stock Market 0.09% · MSCI World 0.07% · MSCI ACWI 0.07%$28.06-0.51%
as of market close, Sep 11, 2026
☾ AH $28.06 +0.02%
WBD financial statements
The full income statement, balance sheet, and cash-flow statement for Warner Bros. Discovery Inc. Series A Common Stock (WBD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 2.45B2024-09 2.45B2024-12 2.45B2025-03 2.47B2025-06 2.48B2025-09 2.48B2025-12 2.48B2026-03 2.51B2026-06 2.51B+2.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 37.3B-5.1% | 39.3B-4.8% | 41.3B+22.2% | 33.8B+177.4% | 12.2B+14.2% | |
| Selling, general & administrative | 9.42B+1.3% | 9.30B-4.1% | 9.70B+0.2% | 9.68B+141.0% | 4.02B+47.5% | |
| Restructuring | 399M-10.7% | 447M-23.6% | 585M-84.4% | 3.76B+11640.6% | 32.0M-64.8% | |
| Amortization of intangibles | 4.61B-22.4% | 5.93B-13.4% | 6.85B+9.9% | 6.24B+379.8% | 1.30B+18.2% | |
| Operating income | 738M+107.4% | -10.0B-548.1% | -1.55B+79.0% | -7.37B-466.3% | 2.01B-20.0% | |
| Interest expense | 2.08B+3.4% | 2.02B-9.2% | 2.22B+25.0% | 1.78B+180.7% | 633M-2.3% | |
| Other non-operating income | 65.0M-56.7% | 150M+617.2% | -29.0M-108.4% | 347M+381.9% | 72.0M+311.8% | |
| Equity-method income | -24.0M+80.2% | -121M-47.6% | -82.0M+48.8% | -160M-788.9% | -18.0M+82.9% | |
| Gain (loss) on equity securities | — | — | — | -78.0M-966.7% | 9.00M-93.0% | |
| Pre-tax income | 1.64B+114.4% | -11.4B-194.8% | -3.86B+56.9% | -8.96B-725.3% | 1.43B-17.1% | |
| Income tax | 890M+846.8% | 94.0M+112.0% | -784M+52.9% | -1.66B-804.7% | 236M-36.7% | |
| 727M+106.4% | -11.3B-261.8% | -3.13B+57.6% | -7.37B-832.7% | 1.01B-17.5% | ||
| Net income to common | 728M+106.4% | -11.3B-261.9% | -3.13B+57.9% | -7.42B-913.6% | 912M-16.4% | |
| $0.29+106.3% | -$4.62-260.9% | -$1.28+66.5% | -$3.82-348.1% | $1.54-14.9% | ||
| EPS (basic) | $0.29+106.3% | -$4.62-260.9% | -$1.28+66.5% | -$3.82-346.5% | $1.55-14.8% | |
| Weighted-avg shares (basic) | 2.48B+1.0% | 2.45B+0.6% | 2.44B+25.6% | 1.94B+229.9% | 588M-1.8% | |
| Weighted-avg shares (diluted) | 2.53B+3.3% | 2.45B+0.6% | 2.44B+25.6% | 1.94B+192.2% | 664M-1.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.2B-6.2% | 14.1B-1.0% | 14.2B+1.6% | 14.0B+92.7% | 7.26B+18.5% | ||
| Cash & equivalents | 4.57B-14.0% | 5.31B+40.5% | 3.78B+1.3% | 3.73B-4.5% | 3.90B+86.8% | |
| Accounts receivable | 5.29B+7.0% | 4.95B-18.2% | 6.05B-5.2% | 6.38B+160.8% | 2.45B-3.6% | |
| Inventory | — | — | — | — | 1.00M | |
| Prepaid expenses | 3.35B-12.4% | 3.82B-13.0% | 4.39B+12.9% | 3.89B+325.8% | 913M-5.9% | |
| Other current assets | 1.95B-5.1% | 2.06B-9.9% | 2.28B+8.1% | 2.11B+131.3% | 913M | |
| 100B-4.3% | 105B-14.8% | 123B-8.4% | 134B+289.2% | 34.4B+1.0% | ||
| Property, plant & equipment | 6.68B+9.8% | 6.09B+2.2% | 5.96B+12.4% | 5.30B+296.8% | 1.34B+10.8% | |
| Operating lease right-of-use | 2.75B+15.8% | 2.37B-22.8% | 3.07B-3.6% | 3.19B+496.1% | 535M-7.0% | |
| Goodwill | 25.9B+1.0% | 25.7B-26.6% | 35.0B+1.5% | 34.4B+166.7% | 12.9B-1.2% | |
| Intangible assets | 27.8B-14.0% | 32.3B-15.6% | 38.3B-14.9% | 45.0B+612.1% | 6.32B-17.3% | |
| Other non-current assets | 7.38B+0.8% | 7.33B-9.5% | 8.10B-6.1% | 8.63B+212.0% | 2.77B+32.0% | |
| 12.5B-20.9% | 15.8B+3.1% | 15.3B+2.1% | 15.0B+334.1% | 3.46B+12.2% | ||
| Accounts payable | 1.09B+3.6% | 1.05B-16.3% | 1.26B-13.3% | 1.45B+252.9% | 412M+3.8% | |
| Accrued liabilities | 9.63B-7.8% | 10.4B+0.7% | 10.4B-9.9% | 11.5B+415.9% | 2.23B+24.4% | |
| Deferred revenue | 1.64B+4.7% | 1.57B-18.5% | 1.92B+13.6% | 1.69B+254.4% | 478M-14.2% | |
| Short-term & current debt | 139M-94.9% | 2.75B+54.4% | 1.78B+387.7% | 365M+7.7% | 339M+1.2% | |
| Current lease liability | 285M-7.2% | 307M-7.5% | 332M-3.8% | 345M+456.5% | 62.0M-12.7% | |
| Finance lease liability (current) | 149M+39.3% | 107M+44.6% | 74.0M-9.8% | 82.0M+41.4% | 58.0M+1.8% | |
| 62.9B-9.6% | 69.6B-8.7% | 76.3B-10.6% | 85.3B+305.8% | 21.0B-3.1% | ||
| Long-term debt | 32.6B-17.6% | 39.5B-9.5% | 43.7B-10.9% | 49.0B+239.8% | 14.4B-4.3% | |
| Deferred revenue (non-current) | 355M+72.3% | 206M+28.7% | 160M-55.7% | 361M+280.0% | 95.0M | |
| Non-current lease liability | 3.23B+18.1% | 2.73B-9.5% | 3.02B+1.0% | 2.99B+427.3% | 567M-4.2% | |
| Operating lease liability (total) | 3.51B+15.6% | 3.04B-9.3% | 3.35B+0.5% | 3.33B+430.2% | 629M-5.1% | |
| Finance lease liability (total) | 683M+47.5% | 463M+74.7% | 265M-1.1% | 268M+5.1% | 255M+5.8% | |
| Finance lease liability | 534M+50.0% | 356M+86.4% | 191M+2.7% | 186M-5.6% | 197M+7.1% | |
| Deferred tax liabilities | 6.38B-8.6% | 6.99B-20.0% | 8.74B-20.7% | 11.0B+799.1% | 1.23B-20.1% | |
| Other non-current liabilities | 11.6B+15.3% | 10.1B-2.5% | 10.3B-3.2% | 10.7B+453.7% | 1.93B-4.6% | |
| 35.9B+5.5% | 34.0B-24.7% | 45.2B-4.0% | 47.1B+306.0% | 11.6B+10.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Common stock | 27.0M+0.0% | 27.0M+0.0% | 27.0M+0.0% | 27.0M | — | |
| Additional paid-in capital | 56.1B+0.9% | 55.6B+0.8% | 55.1B+0.9% | 54.6B+392.8% | 11.1B+2.6% | |
| Retained earnings | -11.5B+5.9% | -12.2B-1218.9% | -928M-142.1% | 2.21B-77.0% | 9.58B+12.1% | |
| Treasury stock | 8.24B+0.0% | 8.24B+0.0% | 8.24B+0.0% | 8.24B+0.0% | 8.24B+0.0% | |
| Accumulated other comprehensive income | -407M+61.9% | -1.07B-44.0% | -741M+51.3% | -1.52B-83.5% | -830M-27.5% | |
| Non-controlling interest | 1.23B+55.1% | 792M-26.7% | 1.08B-13.8% | 1.25B-12.6% | 1.43B-6.6% | |
| Total equity incl. non-controlling | 37.1B+6.7% | 34.8B-24.8% | 46.3B-4.2% | 48.3B+271.0% | 13.0B+8.6% | |
| Total liabilities & equity | 100B-4.3% | 105B-14.8% | 123B-8.4% | 134B+289.2% | 34.4B+1.0% | |
| Common shares issued | 2.71B+1.0% | 2.68B+0.6% | 2.67B+0.3% | 2.66B+1464.7% | 170M | |
| Common shares outstanding | 2.48B+1.1% | 2.45B+0.6% | 2.44B+0.4% | 2.43B+1337.9% | 169M | |
| Shares outstanding (cover) | 2.48B+1.0% | 2.45B+0.6% | 2.44B+0.4% | 2.43B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.32B-19.6% | 5.38B-28.1% | 7.48B+73.7% | 4.30B+53.8% | 2.80B+2.2% | ||
| Depreciation & amortization | 5.68B-19.2% | 7.04B-11.9% | 7.99B+11.0% | 7.19B+354.7% | 1.58B+16.4% | |
| Intangible amortization | 4.61B-22.4% | 5.93B-13.4% | 6.85B+9.9% | 6.24B+379.8% | 1.30B+18.2% | |
| Share-based compensation | 769M+38.1% | 557M+11.4% | 500M+21.4% | 412M+131.5% | 178M+61.8% | |
| Deferred income taxes | -710M+59.0% | -1.73B+26.1% | -2.34B+17.5% | -2.84B-456.2% | -511M-174.7% | |
| -1.18B-237.8% | -349M+72.3% | -1.26B-135.7% | 3.52B+6392.9% | -56.0M+92.0% | ||
| Capital expenditure | 1.23B+29.9% | 948M-28.0% | 1.32B+33.3% | 987M+164.6% | 373M-7.2% | |
| Free cash flow | 3.09B-30.2% | 4.43B-28.1% | 6.16B+85.7% | 3.32B+36.8% | 2.42B+3.8% | |
| Acquisitions | 0.00 | 0.00-100.0% | 50.0M+101.4% | -3.61B-180700.0% | 2.00M-94.9% | |
| Other investing activities | -72.0M-132.3% | -31.0M+68.4% | -98.0M-988.9% | -9.00M+90.3% | -93.0M-520.0% | |
| -4.24B-13.1% | -3.75B+35.8% | -5.84B+24.6% | -7.74B-807.6% | -853M+44.9% | ||
| Long-term debt issued | 18.3B+1032.1% | 1.62B+8.1% | 1.50B | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -115M-1058.3% | 12.0M-25.0% | 16.0M+112.8% | -125M-346.4% | -28.0M+75.0% | |
| FX effect on cash | 254M+241.1% | -180M-2350.0% | 8.00M+113.1% | -61.0M+42.5% | -106M-227.7% | |
| Net change in cash | -846M-177.1% | 1.10B+182.0% | 389M+1456.0% | 25.0M-98.6% | 1.78B+212.8% | |
| Interest paid | 2.29B+15.0% | 2.00B-10.8% | 2.24B+45.4% | 1.54B+131.8% | 664M-1.3% | |
| Income taxes paid | 1.93B+73.0% | 1.11B-22.7% | 1.44B+40.2% | 1.03B+59.7% | 643M+0.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 71.5B+175.5% | 25.9B-6.5% | 27.8B+20.5% | 23.0B+478.7% | 3.98B-80.3% | |
| P/E | 98.3× | — | — | — | 4.0×-76.2% | |
| P/S | 1.9×+190.4% | 0.7×-0.0% | 0.7×-25.5% | 0.9×+171.4% | 0.3×-82.8% | |
| P/B | 2.0×+161.0% | 0.8×+23.0% | 0.6×+30.6% | 0.5×+38.3% | 0.3×-82.3% | |
| P/FCF | 23.1×+294.9% | 5.9×+12.6% | 5.2×-63.4% | 14.2×+766.8% | 1.6×-81.0% | |
| Earnings yield | 1.0% | — | — | — | 25.3%+319.5% | |
| FCF yield | 4.3%-74.7% | 17.1%-11.2% | 19.2%+173.3% | 7.0%-88.5% | 61.0%+427.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WBD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WBD filings on SEC EDGAR → Not investment advice.