Warner Bros. Discovery, Inc. (WBD) FY2025 Annual P&L / Income Statement

Warner Bros. Discovery, Inc. (WBD) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

37,296,000,000 US dollars

Cost of revenue (calculated)

20,885,000,000 US dollars

Gross profit (calculated)

16,411,000,000 US dollars

Operating expenses (calculated)

15,673,000,000 US dollars

Operating income (loss)

738,000,000 US dollars

Other income (expense), net (calculated)

901,000,000 US dollars

Income (loss) before income taxes

1,639,000,000 US dollars

Income tax (expense) benefit

890,000,000 US dollars

Net income (loss)

749,000,000 US dollars

Distribution

19,262,000,000 US dollars

Advertising

7,306,000,000 US dollars

Content

9,647,000,000 US dollars

Other

1,081,000,000 US dollars

Costs of revenues, excluding depreciation and amortization

20,885,000,000 US dollars

Restructuring and other charges

399,000,000 US dollars

Selling, general and administrative

9,418,000,000 US dollars

Impairments and loss on dispositions

172,000,000 US dollars

Depreciation and amortization

5,684,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to Warner Bros. Discovery, Inc.: $727.00 M; to noncontrolling interests: $22.00 M.