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: Business segment. 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

Streaming

2,887,000,000 US dollars

Studios

3,125,000,000 US dollars

Global Linear Networks

4,377,000,000 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

Revenue before reconciliation (calculated)

10,389,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Corporate and Inter-segment Eliminations

negative 1,496,000,000 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.: −$2.92 B; to noncontrolling interests: $10.00 M.