NASDAQ:WBD
Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc.'s revenue fell 5.1% in fiscal 2025 to $37.3B while operating margin rose to 2.0%. Free cash flow was $3.1B, 8.3% of revenue, and the diluted share count rose 3.3%.Summary generated from Warner Bros. Discovery, Inc.'s SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$37.3B
Revenue growth−5.1%
Revenue, 5-yr CAGR+28.4%
Gross marginn/a
Operating margin2.0%
Net margin1.9%
ROIC0.6%
Return on equity2.1%
Debt / equity0.91
Free cash flow$3.1B
FCF margin8.3%
Share count change+3.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 12.2 | 33.8 | 41.3 | 39.3 | 37.3 |
| Operating income | 2.0 | −7.4 | −1.5 | −10.0 | 0.7 |
| Net income | 1.0 | −7.4 | −3.1 | −11.3 | 0.7 |
| Free cash flow | 2.4 | 3.3 | 6.2 | 4.4 | 3.1 |
Recent filings
- 4Insider transaction report
Oct 8, 2026 - 4Insider transaction report
Oct 8, 2026 - 8-KEntry into a material agreement
Oct 6, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KResults of a shareholder vote
Jun 12, 2026 - 8-KEntry into a material agreement
Jun 4, 2026 - 8-KEntry into a material agreement
May 27, 2026