FN2 Earnings Intelligence
Warner Bros. Discovery, Inc. ratios (quarterly)
Warner Bros. Discovery, Inc. (WBD) Ratios (quarterly) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 9/30/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 3/31/2026 | 6/30/2026 est. | 9/30/2026 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $3,336 | $3,868 | $4,888 | $4,294 | $3,264 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $9,623 | $8,979 | $9,812 | $9,045 | $8,893 | $9,251.3 | $8,892 |
| % Growth | - | - | - | - | - | -5.7% | -1.7% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $2,043 | $1,510 | $1,262 | $1,986 | -$1,243 | - | - |
| % Margin | 21.2% | 16.8% | 12.9% | 22.0% | -14.0% | - | - |
| Net Income | $135 | -$453 | $1,580 | -$148 | -$2,916 | - | - |
| % Margin | 1.4% | -5.0% | 16.1% | -1.6% | -32.8% | - | - |
| Diluted EPS | $0.05 | -$0.18 | $0.63 | -$0.06 | -$1.17 | -$0.14 | -$0.02 |
| % Growth | - | - | - | - | - | -121.4% | 69.0% |
| Operating Cash Flow | - | $553 | - | - | -$208 | - | - |
| CapEx | - | $251 | - | - | $268 | - | - |
| Free Cash Flow | - | $302 | - | - | -$476 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 9/30/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 3/31/2026 | 6/30/2026 est. | 9/30/2026 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $9,623 | $8,979 | $9,812 | $9,045 | $8,893 | $9,251.3 | $8,892 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $2,043 | $1,510 | $1,262 | $1,986 | -$1,243 | - | - |
| Net Income | $135 | -$453 | $1,580 | -$148 | -$2,916 | - | - |
| Diluted EPS | $0.05 | -$0.18 | $0.63 | -$0.06 | -$1.17 | -$0.14 | -$0.02 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 9/30/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3,336 | $3,868 | $4,888 | $4,294 | $3,264 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $40,209 | $37,426 | $34,632 | $33,521 | $32,466 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 9/30/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | $553 | - | - | -$208 |
| Capital Expenditure | - | $251 | - | - | $268 |
| Free Cash Flow | - | $302 | - | - | -$476 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 9/30/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | - | - |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 21.2% | 16.8% | 12.9% | 22.0% | -14.0% |
| Net Margin | 1.4% | -5.0% | 16.1% | -1.6% | -32.8% |
| FCF Margin | - | 3.4% | - | - | -5.4% |
| Diluted EPS Growth | - | - | - | - | - |