Warner Bros. Discovery, Inc. (WBD)
Communication Services · Entertainment · NasdaqGS
Warner Bros. Discovery, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.50B | $6.87B | $10.55B | $11.14B | $10.67B | $12.19B | $33.82B | $41.32B | $39.32B | $37.30B |
| Gross profit | $4.07B | $4.22B | $6.62B | — | — | — | — | — | — | — |
| Net income | $1.19B | $-337.00M | $594.00M | $2.07B | $1.22B | $1.01B | $-7.37B | $-3.13B | $-11.31B | $727.00M |
| Net margin | 18.4% | -4.9% | 5.6% | 18.6% | 11.4% | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% |
Source: Warner Bros. Discovery, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into WBD stock?
At today's market cap of $66.59B, Warner Bros. Discovery, Inc. is priced for free-cash-flow growth of about 8.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.09B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.7%/yr over the last five fiscal years and revenue 28.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Warner Bros. Discovery, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Warner Bros. Discovery, Inc. financial history by metric
About Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Warner Bros. Discovery, Inc. — frequently asked questions
What is Warner Bros. Discovery, Inc.'s revenue?
Warner Bros. Discovery, Inc. (WBD) reported revenue of $37.30B for fiscal year 2025, down 5.1% from the prior year, according to its SEC filings.
Is Warner Bros. Discovery, Inc. profitable?
Yes. WBD earned net income of $727.00M in fiscal 2025, a net margin of 1.9%.
What is WBD's P/E ratio?
Warner Bros. Discovery, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Warner Bros. Discovery, Inc. growing?
WBD's revenue grew at roughly 28.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Warner Bros. Discovery, Inc. have?
As of fiscal year 2025, WBD carried roughly $32.57B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Warner Bros. Discovery, Inc.'s market cap?
Warner Bros. Discovery, Inc. (WBD) has a market capitalization of about $66.59B, based on the latest data in our nightly-refreshed cache.
When does Warner Bros. Discovery, Inc.'s fiscal year end?
WBD's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WBD stock?
At today's market cap of $66.59B, Warner Bros. Discovery, Inc. is priced for free-cash-flow growth of about 8.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.09B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.7%/yr over the last five fiscal years and revenue 28.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Warner Bros. Discovery, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.