WBD · As filed with the SEC
Warner Bros. Discovery income statement, by fiscal year
The statement as Warner Bros. Discovery presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD millions, except per-share amounts; shares in millions
| USD millions, except per-share amounts; shares in millions | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Revenues | 37,296 | 39,321 | 41,321 | 33,817 | 12,191 | 10,671 |
| Other | 1,081 | 1,233 | 1,181 | 791 | 58 | 58 |
| Distribution - fixed price or minimum guarantee | 19,262 | 19,701 | 20,237 | — | 5,202 | — |
| Advertising | 7,306 | 8,090 | 8,700 | 8,524 | 6,194 | 5,572 |
| Distribution | — | — | — | 16,142 | 5,202 | 4,686 |
| Content | — | — | — | 8,360 | 737 | 355 |
| Content | 9,647 | 10,297 | 11,203 | — | 737 | — |
| Costs and expenses: | ||||||
| Costs of revenues, excluding depreciation and amortization | 20,885 | 22,970 | 24,526 | 20,442 | 4,620 | 3,860 |
| Selling, general and administrative | 9,418 | 9,296 | 9,696 | 9,678 | 4,016 | 2,722 |
| Depreciation and amortization | 5,684 | 7,037 | 7,985 | 7,193 | 1,582 | 1,359 |
| Restructuring and other charges | 399 | 447 | 585 | 3,757 | 32 | 91 |
| Impairment and loss (gain) on disposition and disposal groups | — | — | — | 117 | (71) | 124 |
| Impairments and loss on dispositions | 172 | 9,603 | 77 | — | (71) | — |
| Total costs and expenses | 36,558 | 49,353 | 42,869 | 41,187 | 10,179 | 8,156 |
| Operating income (loss) | 738 | (10,032) | (1,548) | (7,370) | 2,012 | 2,515 |
| Interest expense, net | — | — | (2,221) | (1,777) | (633) | (648) |
| Interest expense, net | (2,085) | (2,017) | — | — | — | — |
| Gain on extinguishment of debt | 2,945 | 632 | — | — | — | — |
| Loss from equity investees, net | (24) | (121) | (82) | (160) | (18) | (105) |
| Other income (expense), net | 65 | 150 | (12) | 347 | 72 | (34) |
| Income (loss) before income taxes | 1,639 | (11,388) | (3,863) | (8,960) | 1,433 | 1,728 |
| Income tax (expense) benefit | (890) | (94) | 784 | 1,663 | (236) | (373) |
| Net income (loss) | 749 | (11,482) | (3,079) | (7,297) | 1,197 | 1,355 |
| Net (income) loss attributable to noncontrolling interests | (24) | 129 | (38) | (68) | (138) | (124) |
| Net loss (income) attributable to redeemable noncontrolling interests | 2 | 42 | (9) | (6) | (53) | (12) |
| Net income (loss) available to Warner Bros. Discovery, Inc. | 727 | (11,311) | (3,126) | (7,371) | 1,006 | 1,219 |
| Net income (loss) per share available to Warner Bros. Discovery, Inc. Series A common stockholders: | ||||||
| Basic (in dollars per share) | 0.29 | (4.62) | (1.28) | (3.82) | 1.55 | 1.82 |
| Diluted (in dollars per share) | 0.29 | (4.62) | (1.28) | (3.82) | 1.54 | 1.81 |
| Weighted average shares outstanding: | ||||||
| Basic (in shares) | 2,475 | 2,450 | 2,436 | 1,940 | 588 | 599 |
| Diluted (in shares) | 2,530 | 2,450 | 2,436 | 1,940 | 664 | 672 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.