WB
Warner Bros. Discovery, Inc.
WBD Communication Services · Media & Entertainment
Latest period 2026-06-30 · 39 filings on record
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 Operating margin -3.5% +1.0pp Net margin -8.8% −4.1pp CHARTED Net income -$3.2B —
Debt / equity
0.94
−2.2%
EPS (diluted)
—
—
EBITDA
$3.8B
+3.7%
Filings
TTM 18-09 → TTM 26-06 · following the period bar 30 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 30 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 → 10-Q Q3 2022 2022-11-04 Pro → 10-Q Q2 2022 2022-08-05 Pro → 10-Q Q1 2022 2022-04-26 Pro → 10-K FY 2021 2022-02-24 Pro → 10-Q Q3 2021 2021-11-03 Pro → 10-Q Q2 2021 2021-08-03 Pro → 10-Q Q1 2021 2021-04-29 Pro → 10-K FY 2020 2021-02-22 Pro → 10-Q Q3 2020 2020-11-06 Pro → 10-Q Q2 2020 2020-08-05 Pro → 10-Q Q1 2020 2020-05-06 Pro → 10-K FY 2019 2020-02-27 Pro → 10-Q Q3 2019 2019-11-07 Pro → 10-K FY 2018 2019-03-01 Pro → 10-K FY 2017 2018-02-28 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
| Period | Period end | Revenue |
|---|---|---|
| TTM 18-09 | 2018-09-30 | $9.6B |
| TTM 18-12 | 2018-12-31 | $10.6B |
| TTM 19-03 | 2019-03-31 | $11.0B |
| TTM 19-06 | 2019-06-30 | $11.0B |
| TTM 19-09 | 2019-09-30 | $11.1B |
| TTM 19-12 | 2019-12-31 | $11.1B |
| TTM 20-03 | 2020-03-31 | $11.1B |
| TTM 20-06 | 2020-06-30 | $10.8B |
| TTM 20-09 | 2020-09-30 | $10.7B |
| TTM 20-12 | 2020-12-31 | $10.7B |
| TTM 21-03 | 2021-03-31 | $10.8B |
| TTM 21-06 | 2021-06-30 | $11.3B |
| TTM 21-09 | 2021-09-30 | $11.9B |
| TTM 21-12 | 2021-12-31 | $12.2B |
| TTM 22-03 | 2022-03-31 | $12.6B |
| TTM 22-06 | 2022-06-30 | $19.3B |
| TTM 22-09 | 2022-09-30 | $26.0B |
| TTM 22-12 | 2022-12-31 | $33.8B |
| TTM 23-03 | 2023-03-31 | $41.4B |
| TTM 23-06 | 2023-06-30 | $41.9B |
| 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
| Period | Period end | Net income |
|---|---|---|
| TTM 18-09 | 2018-09-30 | -$819.0M |
| TTM 18-12 | 2018-12-31 | $594.0M |
| TTM 19-03 | 2019-03-31 | $986.0M |
| TTM 19-06 | 2019-06-30 | $1.7B |
| TTM 19-09 | 2019-09-30 | $1.9B |
| TTM 19-12 | 2019-12-31 | $2.1B |
| TTM 20-03 | 2020-03-31 | $2.1B |
| TTM 20-06 | 2020-06-30 | $1.4B |
| TTM 20-09 | 2020-09-30 | $1.4B |
| TTM 20-12 | 2020-12-31 | $1.2B |
| TTM 21-03 | 2021-03-31 | $982.0M |
| TTM 21-06 | 2021-06-30 | $1.4B |
| TTM 21-09 | 2021-09-30 | $1.2B |
| TTM 21-12 | 2021-12-31 | $1.0B |
| TTM 22-03 | 2022-03-31 | $1.3B |
| TTM 22-06 | 2022-06-30 | -$2.8B |
| TTM 22-09 | 2022-09-30 | -$5.2B |
| TTM 22-12 | 2022-12-31 | -$7.4B |
| TTM 23-03 | 2023-03-31 | -$8.9B |
| TTM 23-06 | 2023-06-30 | -$6.7B |
| 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
| Period | Period end | Operating income |
|---|---|---|
| TTM 18-09 | 2018-09-30 | $386.0M |
| TTM 18-12 | 2018-12-31 | $1.9B |
| TTM 19-03 | 2019-03-31 | $2.5B |
| TTM 19-06 | 2019-06-30 | $2.8B |
| TTM 19-09 | 2019-09-30 | $3.0B |
| TTM 19-12 | 2019-12-31 | $3.0B |
| TTM 20-03 | 2020-03-31 | $3.0B |
| TTM 20-06 | 2020-06-30 | $2.8B |
| TTM 20-09 | 2020-09-30 | $2.7B |
| TTM 20-12 | 2020-12-31 | $2.5B |
| TTM 21-03 | 2021-03-31 | $2.1B |
| TTM 21-06 | 2021-06-30 | $2.2B |
| TTM 21-09 | 2021-09-30 | $2.0B |
| TTM 21-12 | 2021-12-31 | $2.0B |
| TTM 22-03 | 2022-03-31 | $2.0B |
| TTM 22-06 | 2022-06-30 | -$2.4B |
| TTM 22-09 | 2022-09-30 | -$5.0B |
| TTM 22-12 | 2022-12-31 | -$7.4B |
| TTM 23-03 | 2023-03-31 | -$8.3B |
| TTM 23-06 | 2023-06-30 | -$5.5B |
| 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 |
Net margin
| Period | Period end | Net margin |
|---|---|---|
| TTM 18-09 | 2018-09-30 | -8.5% |
| TTM 18-12 | 2018-12-31 | 5.6% |
| TTM 19-03 | 2019-03-31 | 9.0% |
| TTM 19-06 | 2019-06-30 | 15.6% |
| TTM 19-09 | 2019-09-30 | 16.8% |
| TTM 19-12 | 2019-12-31 | 18.6% |
| TTM 20-03 | 2020-03-31 | 18.5% |
| TTM 20-06 | 2020-06-30 | 12.9% |
| TTM 20-09 | 2020-09-30 | 13.4% |
| TTM 20-12 | 2020-12-31 | 11.4% |
| TTM 21-03 | 2021-03-31 | 9.1% |
| TTM 21-06 | 2021-06-30 | 12.2% |
| TTM 21-09 | 2021-09-30 | 10.4% |
| TTM 21-12 | 2021-12-31 | 8.3% |
| TTM 22-03 | 2022-03-31 | 10.5% |
| TTM 22-06 | 2022-06-30 | -14.3% |
| TTM 22-09 | 2022-09-30 | -20.1% |
| TTM 22-12 | 2022-12-31 | -21.8% |
| TTM 23-03 | 2023-03-31 | -21.5% |
| TTM 23-06 | 2023-06-30 | -16.0% |
| TTM 23-09 | 2023-09-30 | -11.5% |
| TTM 23-12 | 2023-12-31 | -7.6% |
| TTM 24-03 | 2024-03-31 | -7.4% |
| TTM 24-06 | 2024-06-30 | -29.5% |
| TTM 24-09 | 2024-09-30 | -28.3% |
| TTM 24-12 | 2024-12-31 | -28.8% |
| TTM 25-03 | 2025-03-31 | -28.2% |
| TTM 25-06 | 2025-06-30 | 2.0% |
| TTM 25-09 | 2025-09-30 | 1.3% |
| TTM 25-12 | 2025-12-31 | 1.9% |
| TTM 26-03 | 2026-03-31 | -4.7% |
| TTM 26-06 | 2026-06-30 | -8.8% |
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
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 18-09 | 2018-09-30 | not scored | not scored | not scored |
| TTM 18-12 | 2018-12-31 | not scored | not scored | not scored |
| TTM 19-03 | 2019-03-31 | not scored | not scored | not scored |
| TTM 19-06 | 2019-06-30 | not scored | not scored | not scored |
| TTM 19-09 | 2019-09-30 | not scored | not scored | not scored |
| TTM 19-12 | 2019-12-31 | not scored | not scored | not scored |
| TTM 20-03 | 2020-03-31 | not scored | not scored | not scored |
| TTM 20-06 | 2020-06-30 | not scored | not scored | not scored |
| TTM 20-09 | 2020-09-30 | not scored | not scored | not scored |
| TTM 20-12 | 2020-12-31 | not scored | not scored | not scored |
| TTM 21-03 | 2021-03-31 | not scored | not scored | not scored |
| TTM 21-06 | 2021-06-30 | not scored | not scored | not scored |
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 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 |