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Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
26.08
+1.54 (6.28%)
At close: Dec 5, 2025, 4:00 PM EST
25.88
-0.20 (-0.77%)
After-hours: Dec 5, 2025, 7:59 PM EST

Revenue Breakdown

Fiscal year is January - December.
Fiscal Year
 TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
 Sep '25 Dec '24 Dec '23 Dec '22 Dec '21
Distribution Revenue
19.39B19.70B
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Advertising Revenue
7.43B8.09B
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Content Revenue
9.90B10.30B
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Other Sources Revenue
1.15B1.23B
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Revenue (Total)
37.86B39.32B
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Revenue Breakdown 2

Fiscal year is January - December.
Fiscal Year
 TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
 Sep '25 Dec '24 Dec '23 Dec '22 Dec '21
Streaming Revenue
10.73B10.31B
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Studios Revenue
13.09B11.61B
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Global Linear Networks Revenue
18.23B20.18B
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Eliminations from Revenue
-4.19B-2.77B
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Revenue (Total)
37.86B39.32B
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Adjusted EBITDA

Fiscal year is January - December.
Fiscal Year
 TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
 Sep '25 Dec '24 Dec '23 Dec '22 Dec '21
Streaming Adjusted EBITDA
1.39B677.00M
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Studios Adjusted EBITDA
2.77B1.65B
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Global Linear Networks Adjusted EBITDA
6.92B8.15B
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Corporate Adjusted EBITDA
-1.14B-1.26B
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Eliminations from Adjusted EBITDA
-686.00M-186.00M
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Operating Income (Other)
-8.70B-19.06B
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Operating Income (Total)
551.00M-10.03B
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Key Performance Indicators

Fiscal year is January - December.
Fiscal Year
 TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
 Sep '25 Dec '24 Dec '23 Dec '22 Dec '21
Domestic Subscribers
58.00M57.10M
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International Subscribers
70.00M59.80M
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Global Streaming Subscribers
128.00M116.90M
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