WBD: financial statements from SEC — TradeAlmanac

WBD

Warner Bros. Discovery, Inc. - Series A: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	37.30bn	39.32bn
Cost of revenue	20.89bn	22.97bn
Selling, general and administrative	9.42bn	9.30bn
Operating expenses	36.56bn	49.35bn
Operating income	738m	−10.03bn
Pre-tax income	1.64bn	−11.39bn
Income tax	890m	94m
Net income	727m	−11.31bn
Earnings per share	0.29	−4.62
Earnings per share, diluted	0.29	−4.62
Weighted average shares	2.48bn	2.45bn
Weighted average shares, diluted	2.53bn	2.45bn

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	3.26bn	4.57bn	4.29bn	4.89bn	3.87bn	5.31bn	3.49bn	3.62bn
Receivables	5.01bn	5.29bn	5.13bn

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	4.32bn	5.38bn
Depreciation and amortisation	5.68bn	7.04bn
Share-based compensation	769m	557m
Capital expenditure	1.23bn	948m
Investing cash flow	−1.18bn	−349m
Financing cash flow	−4.24bn

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)