Warner Bros. Discovery, Inc.

WBDCIK 000143710719 fiscal years

RevenueFY2025

$37.30B5.1%

Net incomeFY2025

$727.0M106.4%

Free cash flowFY2025

$3.09B30.2%

Diluted EPSFY2025

$0.29106.3%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 490.7× since FY2007 · net margin -89.5% → 1.9%

MarginsNet marginFCF margin

FY2025: net 1.9% · free cash flow 8.3% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $4.32B operating cash − $1.23B capex = $3.09B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 6% (FY2008) → 2% (FY2025) · on assets 0.7%

Balance sheetLiabilitiesEquity

FY2025: $100.08B assets · $62.92B liabilities · $35.92B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	37,296	39,321	41,321	33,817	12,191	10,671	11,144	10,553	6,873	6,497	6,394	6,265
Net income	727	(11,311)	(3,126)	(7,371)	1,006	1,219	2,069	594	(337)	1,194	1,034	1,139
Diluted EPS	0.29	(4.62)	(1.28)	(3.82)	1.54	1.81	—	—	—	—	—	—
Diluted shares	2,530	2,450	2,436	1,940	664	672	—	—	—	—	—	—
Operating cash flow	4,319	5,375	7,477	4,304	2,798	2,739	3,399	2,576	1,629	1,380	1,294	1,318
Capital expenditures	1,231	948	1,316	987	373	402	289	147	135	88	103	120
Free cash flow	3,088	4,427	6,161	3,317	2,425	2,337	3,110	2,429	1,494	1,292	1,191	1,198
Cash & equivalents	4,566	5,312	3,780	3,731	3,905	2,091	1,552	986	7,309	300	390	367
Total assets	100,085	104,560	122,757	134,001	34,427	34,087	33,735	32,550	22,555	15,672	15,864	15,970
Total liabilities	62,919	69,622	76,285	85,334	21,031	21,704	21,769	22,033	17,532	10,262	10,172	9,619
Shareholders' equity	35,919	34,037	45,226	47,095	11,599	10,464	9,891	8,386	4,610	5,167	5,451	5,602

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology