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.
▼−42 over range · as of 2026-06-30
Revenue -11.2% YoY, earnings -90.6% YoY · sector avg 79
▼−8 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
▼−18 over range · as of 2026-06-30
Net debt 7.5x EBITDA, 0x interest coverage, 0.8x current ratio · sector avg 62
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $36.1B −2.9% Gross margin 47.2% +2.1pp Operating margin -3.5% +1.0pp Net margin -8.8% −4.1pp Net income -$3.2B —Filings
TTM 24-09 → TTM 26-06 · following the period bar 3 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 | no filing | no filing | no filing | 10-K FY 2023 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| TTM 24-09 | 2024-09-30 | $39.6B |
| TTM 24-12 | 2024-12-31 | $39.3B |
| TTM 25-03 | 2025-03-31 | $38.3B |
| TTM 25-06 | 2025-06-30 | $38.4B |
| TTM 25-09 | 2025-09-30 | $37.9B |
| TTM 25-12 | 2025-12-31 | $37.3B |
| TTM 26-03 | 2026-03-31 | $37.2B |
| TTM 26-06 | 2026-06-30 | $36.1B |
| Period | Period end | Net income |
|---|---|---|
| TTM 24-09 | 2024-09-30 | -$11.2B |
| TTM 24-12 | 2024-12-31 | -$11.3B |
| TTM 25-03 | 2025-03-31 | -$10.8B |
| TTM 25-06 | 2025-06-30 | $768.0M |
| TTM 25-09 | 2025-09-30 | $485.0M |
| TTM 25-12 | 2025-12-31 | $727.0M |
| TTM 26-03 | 2026-03-31 | -$1.7B |
| TTM 26-06 | 2026-06-30 | -$3.2B |
| Period | Period end | Operating income |
|---|---|---|
| TTM 24-09 | 2024-09-30 | -$10.4B |
| TTM 24-12 | 2024-12-31 | -$10.0B |
| TTM 25-03 | 2025-03-31 | -$9.8B |
| TTM 25-06 | 2025-06-30 | $221.0M |
| TTM 25-09 | 2025-09-30 | $551.0M |
| TTM 25-12 | 2025-12-31 | $738.0M |
| TTM 26-03 | 2026-03-31 | -$1.7B |
| TTM 26-06 | 2026-06-30 | -$1.3B |
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 |
|---|---|---|---|---|
| TTM 24-09 | 2024-09-30 | 46 | 22 | 29 |
| TTM 24-12 | 2024-12-31 | 9 | 13 | 24 |
| TTM 25-03 | 2025-03-31 | 45 | 18 | 24 |
| TTM 25-06 | 2025-06-30 | 50 | 29 | 24 |
| TTM 25-09 | 2025-09-30 | 21 | 20 | 25 |
| TTM 25-12 | 2025-12-31 | 50 | 24 | 38 |
| TTM 26-03 | 2026-03-31 | 17 | 11 | 14 |
| TTM 26-06 | 2026-06-30 | 4 | 15 | 11 |