Warner Bros. Discovery, Inc. (WBD) FY2026 Q1 P&L / Income Statement

Warner Bros. Discovery, Inc. (WBD) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

8,893,000,000 US dollars

Cost of revenue (calculated)

4,643,000,000 US dollars

Gross profit (calculated)

4,250,000,000 US dollars

Operating expenses (calculated)

6,719,000,000 US dollars

Operating loss

negative 2,469,000,000 US dollars

Other income (expense), net (calculated)

negative 651,000,000 US dollars

Loss before income taxes

negative 3,120,000,000 US dollars

Income tax benefit (expense)

negative 214,000,000 US dollars

Net loss

negative 2,906,000,000 US dollars

Distribution

4,906,000,000 US dollars

Advertising

1,847,000,000 US dollars

Content

1,887,000,000 US dollars

Other

253,000,000 US dollars

Costs of revenues, excluding depreciation and amortization

4,643,000,000 US dollars

Selling, general and administrative

2,475,000,000 US dollars

Netflix Termination Fee (See Note 1)

2,800,000,000 US dollars

Depreciation and amortization

1,226,000,000 US dollars

Restructuring and other charges

204,000,000 US dollars

Impairments and loss on dispositions

14,000,000 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.: −$2.92 B; to noncontrolling interests: $10.00 M.