Warner Bros. Discovery, Inc.

WBD Communication Services · Media & Entertainment

Latest period 2026-06-30 · 39 filings on record

Quarterly TTM Annual

8Q 3Y 5Y 10Y MAX

TTM 23-09 → TTM 26-06 12 TTM POINTS

SHOWING Trailing twelve months — each point sums the four quarters ending there.

Ranked against Communication Services · 12 peers calibrating

Each 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.

Growth 4th pct

▼−73 over range · as of 2026-06-30

Revenue -11.2% YoY, earnings -90.6% YoY · sector avg 79

Quality 15th pct

▼−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

Safety 11th pct

▼−14 over range · as of 2026-06-30

Net debt 7.5x EBITDA, 0x interest coverage, 0.8x current ratio · sector avg 62

OVERVIEWvs prior TTM Δ

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 CHARTED Operating margin -3.5% +1.0pp Net margin -8.8% −4.1pp Net income -$3.2B —

Debt / equity 0.94 −2.2%

EPS (diluted) — — EBITDA $3.8B +3.7%

Filings

TTM 23-09 → TTM 26-06 · following the period bar 15 match

ALL 10-K 10-Q Q1 Q2 Q3 FY SORT NEWEST ↓

Filings by fiscal year and period
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	no filing	no filing	no filing	10-K FY 2022

10-Q Q2 2026 2026-08-06 Pro → 10-Q Q1 2026 2026-05-06 Pro → 10-K FY 2025 2026-02-27 Pro → 10-Q Q3 2025 2025-11-06 Pro → 10-Q Q2 2025 2025-08-07 Pro → 10-Q Q1 2025 2025-05-08 Pro →

All 15 filings

10-K FY 2024 2025-02-27 Pro → 10-Q Q3 2024 2024-11-07 Pro → 10-Q Q2 2024 2024-08-07 Pro → 10-Q Q1 2024 2024-05-09 Pro → 10-K FY 2023 2024-02-23 Pro → 10-Q Q3 2023 2023-11-08 Pro → 10-Q Q2 2023 2023-08-03 Pro → 10-Q Q1 2023 2023-05-05 Pro → 10-K FY 2022 2023-02-24 Pro →

Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans

Trends

Trailing twelve months, rolling one quarter at a time

Revenue

Latest$36.1B vs prior TTM−2.9% Periods12

Revenue by period
Period	Period end	Revenue
TTM 23-09	2023-09-30	$42.0B
TTM 23-12	2023-12-31	$41.3B
TTM 24-03	2024-03-31	$40.6B
TTM 24-06	2024-06-30	$39.9B
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

Net income

Latest-$3.2B vs prior TTM— Periods12

Net income by period
Period	Period end	Net income
TTM 23-09	2023-09-30	-$4.8B
TTM 23-12	2023-12-31	-$3.1B
TTM 24-03	2024-03-31	-$3.0B
TTM 24-06	2024-06-30	-$11.8B
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

Operating income

Latest-$1.3B vs prior TTM— Periods12

Operating income by period
Period	Period end	Operating income
TTM 23-09	2023-09-30	-$3.3B
TTM 23-12	2023-12-31	-$1.5B
TTM 24-03	2024-03-31	-$1.3B
TTM 24-06	2024-06-30	-$10.6B
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

Gross margin

Latest47.2% vs prior TTM+2.1pp Periods12

Gross margin by period
Period	Period end	Gross margin
TTM 23-09	2023-09-30	39.2%
TTM 23-12	2023-12-31	40.6%
TTM 24-03	2024-03-31	41.1%
TTM 24-06	2024-06-30	41.2%
TTM 24-09	2024-09-30	41.0%
TTM 24-12	2024-12-31	41.6%
TTM 25-03	2025-03-31	42.5%
TTM 25-06	2025-06-30	43.3%
TTM 25-09	2025-09-30	44.0%
TTM 25-12	2025-12-31	44.0%
TTM 26-03	2026-03-31	45.2%
TTM 26-06	2026-06-30	47.2%

ZOOM

TTM 09-12 TTM 26-06

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.

Growth 4 Quality 15 Safety 11

Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100

Grade history by period
Period	Period end	Growth	Quality	Safety
TTM 23-09	2023-09-30	77	20	25
TTM 23-12	2023-12-31	50	32	27
TTM 24-03	2024-03-31	45	27	21
TTM 24-06	2024-06-30	9	23	27
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