Warner Bros. Discovery Inc., formed in 2022 through the merger of WarnerMedia and Discovery, is a global media company offering diverse content across film, television, and digital platforms. It generates revenue through content production, licensing, advertising, and subscription streaming services such as HBO Max and Discovery+. Under the leadership of CEO David Zaslav, the company leverages renowned brands like HBO, Warner Bros. Pictures, CNN, and Discovery Channel to maintain a competitive edge. Its forward-looking strategy focuses on expanding international streaming services, optimizing operations, and investing in original, high-quality content.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
37,296,000
39,321,000
41,321,000
33,817,000
Cost of Sales
20,885,000
22,970,000
24,526,000
20,442,000
Gross Profit
16,411,000
16,351,000
16,795,000
13,375,000
Selling, General & Administrative Expenses
9,418,000
9,296,000
9,696,000
9,678,000
Depreciation & Amortization Expenses
5,684,000
7,037,000
7,985,000
7,193,000
Other Operating Expenses
571,000
10,050,000
662,000
3,874,000
Operating Profit
738,000
(10,032,000)
(1,548,000)
(7,370,000)
Interest and Investment Income
(24,000)
(121,000)
(82,000)
(160,000)
Interest Expense
(2,085,000)
(2,017,000)
(2,221,000)
(1,777,000)
Non-Operating Income
3,010,000
782,000
(12,000)
347,000
Total Non-Operating Income
901,000
(1,356,000)
(2,315,000)
(1,590,000)
Income Before Provision for Income Taxes
1,639,000
(11,388,000)
(3,863,000)
(8,960,000)
Provision for Income Taxes
890,000
94,000
(784,000)
(1,663,000)
Consolidated Net Income
749,000
(11,482,000)
(3,079,000)
(7,297,000)
Net Income Attributable to Minority Interests and Other
22,000
(171,000)
47,000
74,000
Net Income Attributable to Common Shareholders
727,000
(11,311,000)
(3,126,000)
(7,371,000)
Basic EPS
0.29
-4.62
-1.28
-3.82
Diluted EPS
0.29
-4.62
-1.28
-3.82
Basic Weighted Average Shares Outstanding
2,475,000
2,450,000
2,436,000
1,940,000
Diluted Weighted Average Shares Outstanding
2,530,000
2,450,000
2,436,000
1,940,000
Shares Outstanding
2,480,000
2,454,000
2,439,000
2,430,000
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
4,566,000
5,312,000
3,780,000
3,731,000
Total Cash and Cash Equivalents
4,566,000
5,312,000
3,780,000
3,731,000
Accounts Receivable
5,294,000
4,947,000
6,047,000
6,380,000
Total Trade Receivables
5,294,000
4,947,000
6,047,000
6,380,000
Other Current Assets
3,346,000
3,819,000
4,391,000
3,888,000
Total Current Assets
13,206,000
14,078,000
14,218,000
13,999,000
Net Property, Plant & Equipment
6,685,000
6,087,000
5,957,000
5,301,000
Net Intangible Assets
27,764,000
32,299,000
38,285,000
44,982,000
Goodwill
25,933,000
25,667,000
34,969,000
34,438,000
Other Long-Term Assets
26,497,000
26,429,000
29,328,000
35,281,000
Total Assets
100,085,000
104,560,000
122,757,000
134,001,000
Accounts Payable
1,093,000
1,055,000
1,260,000
1,454,000
Accrued Expenses
9,626,000
10,438,000
10,368,000
11,504,000
Current Portion of Long-Term Debt
139,000
2,748,000
1,780,000
365,000
Unearned Revenue
1,642,000
1,569,000
1,924,000
1,694,000
Total Current Liabilities
12,500,000
15,810,000
15,332,000
15,017,000
Long-Term Debt
32,428,000
36,757,000
41,889,000
48,634,000
Other Long-Term Liabilities
17,991,000
17,055,000
19,064,000
21,683,000
Total Long-Term Liabilities
50,419,000
53,812,000
60,953,000
70,317,000
Total Liabilities
62,919,000
69,622,000
76,285,000
85,334,000
Common Stock
27,000
27,000
27,000
27,000
Treasury Stock
(8,244,000)
(8,244,000)
(8,244,000)
(8,244,000)
Additional Paid-in Capital
56,055,000
55,560,000
55,112,000
54,630,000
Accumulated Other Comprehensive Income
(407,000)
(1,067,000)
(741,000)
(1,523,000)
Retained Earnings
(11,512,000)
(12,239,000)
(928,000)
2,205,000
Total Common Shareholders' Equity
35,919,000
34,037,000
45,226,000
47,095,000
Minority Interests and Other
1,247,000
901,000
1,246,000
1,572,000
Total Shareholders' Equity
37,166,000
34,938,000
46,472,000
48,667,000
Total Liabilities and Shareholders' Equity
100,085,000
104,560,000
122,757,000
134,001,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
749,000
(11,482,000)
(3,079,000)
(7,297,000)
Depreciation & Amortization
5,684,000
7,037,000
7,985,000
7,193,000
Share-Based Compensation Expense
769,000
557,000
500,000
412,000
Other Adjustments
8,419,000
21,389,000
14,060,000
14,978,000
Changes in Trade Receivables
(336,000)
1,012,000
312,000
181,000
Changes in Accounts Payable
108,000
(529,000)
(820,000)
1,529,000
Changes in Other Operating Activities
(11,074,000)
(12,609,000)
(11,481,000)
(12,692,000)
Cash from Operating Activities
4,319,000
5,375,000
7,477,000
4,304,000
Capital Expenditure
(1,231,000)
(948,000)
(1,316,000)
(987,000)
Purchases of Investments
(100,000)
(109,000)
(112,000)
(168,000)
Proceeds from Sale of Investments
54,000
541,000
—
306,000
Payments for Business Acquisitions
—
—
(50,000)
3,612,000
Other Investing Activities
98,000
167,000
219,000
761,000
Cash from Investing Activities
(1,179,000)
(349,000)
(1,259,000)
3,524,000
Issuance of Short-Term Debt
4,228,000
14,203,000
5,207,000
2,393,000
Repayments of Short-Term Debt
(4,228,000)
(14,203,000)
(5,214,000)
(2,395,000)
Net Issuance / (Repayments) of Short-Term Debt
0
0
(7,000)
(2,000)
Issuance of Long-Term Debt
18,306,000
1,617,000
1,496,000
—
Repayments of Long-Term Debt
(22,866,000)
(5,185,000)
(6,992,000)
(7,315,000)
Net Issuance / (Repayments) of Long-Term Debt
(4,560,000)
(3,568,000)
(5,496,000)
(7,315,000)
Other Financing Activities
320,000
(181,000)
(334,000)
(425,000)
Cash from Financing Activities
(4,240,000)
(3,749,000)
(5,837,000)
(7,742,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
254,000
(180,000)
8,000
(61,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash