Warner Bros. Discovery Income Statement

WBD / Communication Services|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Warner Bros. Discovery reported $37.3B in revenue and $727M in net income for FY2025. Revenue has grown at a 18.5% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.54 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$37.3B	$39.3B	$12.2B	$10.7B	$11.1B	$10.6B	$6.9B	$10.6B	$6.9B	$6.5B	$5.5B	$6.3B	$4.2B	$4.5B	$3.5B
Cost of Revenue	-	-	-	-	-	-	-	$3.9B	$2.7B	$2.4B	$1.7B	$2.1B	$1.2B	$1.2B	$1.0B
SG&A Expense	$9.4B	$9.3B	$4.0B	$2.7B	$2.8B	$2.6B	$1.8B	$2.6B	$1.8B	$1.7B	$1.6B	$1.7B	$1.2B	$1.3B	$1.2B
Operating Income	$738.0M	-$10.0B	$2.0B	$2.5B	$3.0B	$1.9B	$713.0M	$1.9B	$713.0M	$2.1B	$2.0B	$2.1B	$1.8B	$1.9B	$1.3B
Interest Expense	-	-	$633.0M	$648.0M	$677.0M	$729.0M	$475.0M	$729.0M	$475.0M	$353.0M	$306.0M	$328.0M	$208.0M	$248.0M	$248.0M
Income Tax	$890.0M	$94.0M	$236.0M	$373.0M	$81.0M	$341.0M	$176.0M	$341.0M	$176.0M	$453.0M	$659.0M	$610.0M	$427.0M	$562.0M	$469.0M
Net Income	$727.0M	-$11.3B	$1.0B	$1.2B	$2.1B	$594.0M	-$337.0M	$594.0M	-$337.0M	$1.2B	$1.1B	$1.1B	$1.1B	$943.0M	$549.0M
EPS (Basic)	-$1.28	-$3.82	$1.55	$1.82	-	-	-	-	-	-	-	-	$2.82	$1.53	$1.28
EPS (Diluted)	-$1.28	-$3.82	$1.54	$1.81	-	-	-	-	-	-	-	-	$2.80	$1.52	$1.27
Shares Outstanding	2.5B	2.4B	2.4B	169.0M	-	-	-	-	-	-	-	-	405.0M	429.0M	425.0M
Operating Margin	2.0%	-25.5%	16.5%	23.6%	27.0%	18.3%	10.4%	18.3%	10.4%	31.7%	35.7%	32.9%	43.3%	41.4%	36.8%
Profit Margin	1.9%	-28.8%	8.3%	11.4%	18.6%	5.6%	-4.9%	5.6%	-4.9%	18.4%	19.4%	18.2%	27.2%	21.0%	15.9%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Warner Bros. Discovery Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$37.3B

$39.3B

$12.2B

$10.7B

$11.1B

$10.6B

$6.9B

$10.6B

$6.9B

$6.5B

$5.5B

$6.3B

$4.2B

$4.5B

$3.5B

Cost of Revenue

$3.9B

$2.7B

$2.4B

$1.7B

$2.1B

$1.2B

$1.0B

SG&A Expense

$9.4B

$9.3B

$4.0B

$2.7B

$2.8B

$2.6B

$1.8B

$2.6B

$1.8B

$1.7B

$1.6B

$1.7B

$1.2B

$1.3B

$1.2B

Operating Income

$738.0M

-$10.0B

$2.0B

$2.5B

$3.0B

$1.9B

$713.0M

$1.9B

$713.0M

$2.1B

$2.0B

$2.1B

$1.8B

$1.9B

$1.3B

Interest Expense

$633.0M

$648.0M

$677.0M

$729.0M

$475.0M

$729.0M

$475.0M

$353.0M

$306.0M

$328.0M

$208.0M

$248.0M

Income Tax

$890.0M

$94.0M

$236.0M

$373.0M

$81.0M

$341.0M

$176.0M

$341.0M

$176.0M

$453.0M

$659.0M

$610.0M

$427.0M

$562.0M

$469.0M

Net Income

$727.0M

-$11.3B

$1.0B

$1.2B

$2.1B

$594.0M

-$337.0M

$594.0M

-$337.0M

$1.2B

$1.1B

$943.0M

$549.0M

EPS (Basic)

-$1.28

-$3.82

$1.55

$1.82

$2.82

$1.53

$1.28

EPS (Diluted)

-$1.28

-$3.82

$1.54

$1.81

$2.80

$1.52

$1.27

Shares Outstanding

2.5B

2.4B

169.0M

405.0M

429.0M

425.0M

Operating Margin

2.0%

-25.5%

16.5%

23.6%

27.0%

18.3%

10.4%

18.3%

10.4%

31.7%

35.7%

32.9%

43.3%

41.4%

36.8%

Profit Margin

1.9%

-28.8%

8.3%

11.4%

18.6%

5.6%

-4.9%

5.6%

-4.9%

18.4%

19.4%

18.2%

27.2%

21.0%

15.9%