Warner Bros. Discovery
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes content across television, film, streaming, gaming, publishing, themed experiences, and consumer products. It earns revenue from distributor fees, advertising, content licensing and sales, games, and other activities,… From the company’s description.
In fiscal 2025, Warner Bros. Discovery reported revenue of $37.30B, down 5.1% from fiscal 2024, and net income of $749.00M. Its operating margin was 2.0%, and operations generated $4.32B in cash. Over the twelve months to Jun 30, 2026, revenue was $36.12B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Warner Bros. Discovery does
In the company’s own words
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes content across television, film, streaming, gaming, publishing, themed experiences, and consumer products. It earns revenue from distributor fees, advertising, content licensing and sales, games, and other activities, serving viewers, subscribers, advertisers, distributors, and business partners. Its three reportable segments are Streaming, which includes HBO Max, discovery+, HBO, and premium sports streaming products; Studios, covering film and television production, content distribution, games, consumer products, and themed experiences; and Global Linear Networks, comprising domestic and international entertainment, lifestyle, news, and sports networks. Major brands include HBO, CNN, DC, Discovery Channel, Food Network, TNT Sports, Warner Bros., HGTV, TLC, and Adult Swim. The company had 131.6 million streaming subscribers and approximately 35,500 employees as of December 31, 2025. Its website is https://www.wbd.com.
Company details
- Sector
- Communication Services
- Industry (SIC)
- Communications
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1437107
- SIC
- 4841
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Warner Bros. Discovery — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Warner Bros. Discovery · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Warner Bros. Discovery’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Warner Bros. Discovery’s bonds, as funds hold them
Funds report holding 41 issues of Warner Bros. Discovery’s debt, $4.15B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.44%, maturing 2027 to 2062.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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