WBD · As filed with the SEC

Warner Bros. Discovery income statement, by quarter

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	Q2 2026 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Revenues:
Revenues	8,717	8,893	9,460^†	9,045	9,812	10,027^†
Other	215	253	307^†	287	240	371^†
Distribution - fixed price or minimum guarantee	4,950	4,906	4,789^†	4,702	4,885	4,917^†
Advertising	1,724	1,847	1,703^†	1,407	2,216	1,830^†
Content	1,828	1,887	2,661^†	2,649	2,471	2,909^†
Costs and expenses:
Costs of revenues, excluding depreciation and amortization	4,621	4,643	5,223^†	4,564	5,967	5,527^†
Selling, general and administrative	2,564	2,475	2,386^†	2,361	2,477	2,218^†
Netflix Termination Fee (See Note 1)	0	2,800	—	—	0^†	—
Depreciation and amortization	1,159	1,226	1,315^†	1,375	1,447	1,643^†
Restructuring and other charges	113	204	177^†	88	80	286^†
Impairments and loss on dispositions	23	14	10^†	46	26	191^†
Total costs and expenses	8,480	11,362	9,111^†	8,434	9,997	9,865^†
Operating income (loss)	237	(2,469)	349^†	611	(185)	162^†
Interest expense, net	(511)	(581)	(584)^†	(570)	(463)	(490)^†
(Loss) gain on extinguishment of debt, net	(75)	(27)	(8)^†	(1)	2,958	42^†
Income (loss) from equity investees, net	28	(5)	(39)^†	17	5	(32)^†
Other income, net	50	(38)	(126)^†	(30)	139	(38)^†
(Loss) income before income taxes	(271)	(3,120)	(408)^†	27	2,454	(356)^†
Income tax benefit (expense)	433	214	161^†	(170)	(866)	(284)^†
Net income (loss)	162	(2,906)	(247)^†	(143)	1,588	(640)^†
Net income attributable to noncontrolling interests	(13)	(10)	(5)^†	(4)	(7)	149^†
Net (income) loss attributable to redeemable noncontrolling interests	0	0	0^†	(1)	(1)	(3)^†
Net income (loss) available to Warner Bros. Discovery, Inc.	149	(2,916)	(252)^†	(148)	1,580	(494)^†
Net income (loss) per share available to Warner Bros. Discovery, Inc. Series A common stockholders:
Basic (in dollars per share)	0.06	(1.17)	—	(0.06)	0.64	—
Diluted (in dollars per share)	0.06	(1.17)	—	(0.06)	0.63	—
Weighted average shares outstanding:
Basic (in shares)	2,511	2,492	—	2,479	2,477	—
Diluted (in shares)	2,575	2,492	—	2,479	2,499	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.