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

- Company: Warner Bros. Discovery, Inc. (WBD)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-27, accession number 0001437107-26-000020
- Page: https://plicit.ai/financials/wbd/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/wbd-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/wbd/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/wbd-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. 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
- **Streaming**: 10,876,000,000 US dollars
- **Studios**: 12,619,000,000 US dollars
- **Global Linear Networks**: 17,656,000,000 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
- **Revenue before reconciliation (calculated)**: 41,151,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and inter-segment eliminations**: negative 3,855,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Warner Bros. Discovery, Inc.: $727.00 M; to noncontrolling interests: $22.00 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/wbd/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/wbd-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography. 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
- **UNITED STATES**: 24,946,000,000 US dollars
- **Non-U.S.**: 12,350,000,000 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.