Warner Bros. Discovery, Inc.
WBD Communication Services · Media & EntertainmentEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−73 over range · as of 2026-06-30
Revenue -11.2% YoY, earnings -90.6% YoY · sector avg 79
▼−6 over range · as of 2026-06-30
1.7% net margin, -9% return on equity, 6% free-cash-flow margin, profitable in 3 of last 8 quarters · sector avg 54
▼−14 over range · as of 2026-06-30
Net debt 7.5x EBITDA, 0x interest coverage, 0.8x current ratio · sector avg 62
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $8.7B −2.0% Gross margin 47.0% −0.8pp Operating margin 2.7% +30.5pp Net margin 1.7% +34.5pp Net income $149.0M —Filings
18-09 → 26-06 · following the period bar 7 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 7 filings
10-Q Q2 2020 2020-08-05 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 18-09 | 2018-09-30 | $2.6B |
| 18-12 | 2018-12-31 | $2.8B |
| 19-03 | 2019-03-31 | $2.7B |
| 19-06 | 2019-06-30 | $2.9B |
| 19-09 | 2019-09-30 | $2.7B |
| 19-12 | 2019-12-31 | $2.9B |
| 20-03 | 2020-03-31 | $2.7B |
| 20-06 | 2020-06-30 | $2.5B |
| 20-09 | 2020-09-30 | $2.6B |
| 20-12 | 2020-12-31 | $2.9B |
| 21-03 | 2021-03-31 | $2.8B |
| 21-06 | 2021-06-30 | $3.1B |
| 21-09 | 2021-09-30 | $3.1B |
| 21-12 | 2021-12-31 | $3.2B |
| 22-03 | 2022-03-31 | $3.2B |
| 22-06 | 2022-06-30 | $9.8B |
| 22-09 | 2022-09-30 | $9.8B |
| 22-12 | 2022-12-31 | $11.0B |
| 23-03 | 2023-03-31 | $10.7B |
| 23-06 | 2023-06-30 | $10.4B |
| 23-09 | 2023-09-30 | $10.0B |
| 23-12 | 2023-12-31 | $10.3B |
| 24-03 | 2024-03-31 | $10.0B |
| 24-06 | 2024-06-30 | $9.7B |
| 24-09 | 2024-09-30 | $9.6B |
| 24-12 | 2024-12-31 | $10.0B |
| 25-03 | 2025-03-31 | $9.0B |
| 25-06 | 2025-06-30 | $9.8B |
| 25-09 | 2025-09-30 | $9.0B |
| 25-12 | 2025-12-31 | $9.5B |
| 26-03 | 2026-03-31 | $8.9B |
| 26-06 | 2026-06-30 | $8.7B |
| Period | Period end | Net income |
|---|---|---|
| 18-09 | 2018-09-30 | $117.0M |
| 18-12 | 2018-12-31 | $269.0M |
| 19-03 | 2019-03-31 | $384.0M |
| 19-06 | 2019-06-30 | $947.0M |
| 19-09 | 2019-09-30 | $262.0M |
| 19-12 | 2019-12-31 | $476.0M |
| 20-03 | 2020-03-31 | $377.0M |
| 20-06 | 2020-06-30 | $271.0M |
| 20-09 | 2020-09-30 | $300.0M |
| 20-12 | 2020-12-31 | $271.0M |
| 21-03 | 2021-03-31 | $140.0M |
| 21-06 | 2021-06-30 | $672.0M |
| 21-09 | 2021-09-30 | $156.0M |
| 21-12 | 2021-12-31 | $38.0M |
| 22-03 | 2022-03-31 | $456.0M |
| 22-06 | 2022-06-30 | -$3.4B |
| 22-09 | 2022-09-30 | -$2.3B |
| 22-12 | 2022-12-31 | -$2.1B |
| 23-03 | 2023-03-31 | -$1.1B |
| 23-06 | 2023-06-30 | -$1.2B |
| 23-09 | 2023-09-30 | -$417.0M |
| 23-12 | 2023-12-31 | -$400.0M |
| 24-03 | 2024-03-31 | -$966.0M |
| 24-06 | 2024-06-30 | -$10.0B |
| 24-09 | 2024-09-30 | $135.0M |
| 24-12 | 2024-12-31 | -$494.0M |
| 25-03 | 2025-03-31 | -$453.0M |
| 25-06 | 2025-06-30 | $1.6B |
| 25-09 | 2025-09-30 | -$148.0M |
| 25-12 | 2025-12-31 | -$252.0M |
| 26-03 | 2026-03-31 | -$2.9B |
| 26-06 | 2026-06-30 | $149.0M |
| Period | Period end | Operating income |
|---|---|---|
| 18-09 | 2018-09-30 | $369.0M |
| 18-12 | 2018-12-31 | $711.0M |
| 19-03 | 2019-03-31 | $774.0M |
| 19-06 | 2019-06-30 | $911.0M |
| 19-09 | 2019-09-30 | $619.0M |
| 19-12 | 2019-12-31 | $705.0M |
| 20-03 | 2020-03-31 | $779.0M |
| 20-06 | 2020-06-30 | $717.0M |
| 20-09 | 2020-09-30 | $531.0M |
| 20-12 | 2020-12-31 | $488.0M |
| 21-03 | 2021-03-31 | $396.0M |
| 21-06 | 2021-06-30 | $779.0M |
| 21-09 | 2021-09-30 | $329.0M |
| 21-12 | 2021-12-31 | $508.0M |
| 22-03 | 2022-03-31 | $353.0M |
| 22-06 | 2022-06-30 | -$3.6B |
| 22-09 | 2022-09-30 | -$2.2B |
| 22-12 | 2022-12-31 | -$1.9B |
| 23-03 | 2023-03-31 | -$557.0M |
| 23-06 | 2023-06-30 | -$906.0M |
| 23-09 | 2023-09-30 | $97.0M |
| 23-12 | 2023-12-31 | -$182.0M |
| 24-03 | 2024-03-31 | -$267.0M |
| 24-06 | 2024-06-30 | -$10.2B |
| 24-09 | 2024-09-30 | $281.0M |
| 24-12 | 2024-12-31 | $162.0M |
| 25-03 | 2025-03-31 | -$37.0M |
| 25-06 | 2025-06-30 | -$185.0M |
| 25-09 | 2025-09-30 | $611.0M |
| 25-12 | 2025-12-31 | $349.0M |
| 26-03 | 2026-03-31 | -$2.5B |
| 26-06 | 2026-06-30 | $237.0M |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 77 | 20 | 25 |
| 23-12 | 2023-12-31 | 50 | 32 | 27 |
| 24-03 | 2024-03-31 | 45 | 27 | 21 |
| 24-06 | 2024-06-30 | 9 | 23 | 27 |
| 24-09 | 2024-09-30 | 46 | 22 | 29 |
| 24-12 | 2024-12-31 | 9 | 13 | 24 |
| 25-03 | 2025-03-31 | 45 | 18 | 24 |
| 25-06 | 2025-06-30 | 50 | 29 | 24 |
| 25-09 | 2025-09-30 | 21 | 20 | 25 |
| 25-12 | 2025-12-31 | 50 | 24 | 38 |
| 26-03 | 2026-03-31 | 17 | 11 | 14 |
| 26-06 | 2026-06-30 | 4 | 15 | 11 |