Business
Warner Bros. Discovery owns film and television studios, global networks and streaming services.
Warner Bros. Discovery: Revenue declined 5.1% to $37.296B from $39.321B. The company moved from a net loss of $11.311B to net income of $727M. Free cash flow declined 30.2% to $3.088B from $4.427B. Operating margin expanded 2749 bps to 1.98%. Warner Bros. Discovery's annual comparison also shows stock compensation grew faster than revenue; capital spending grew faster than revenue; the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 5.1%Watch
- Profitability — The company moved from a net loss of $11.311B to net income of $727MOK
- Cash flow — Free cash flow declined 30.2% to $3.088B from $4.427BWatch
- Margins — Operating margin expanded 2749 bps to 1.98%OK
- Accounting — Distress-range screen needs contextWatch
- Insiders — 2 purchases and 28 salesOK
Where the revenue comes from
Fiscal 2025, as Warner Bros. Discovery, Inc. reports it. History and quarterly detail are in the app.
- Distribution$19.3B
- Content$11.7B
- Advertising$7.3B
- Other$1.1B
Leadership changes
From Warner Bros. Discovery, Inc.'s own filings, the day they're filed.
- Fraser Woodford · Chief Financial Officer · appointmenteff. 2025-07-28
- Anton Levy · director · appointmenteff. 2025-03-31
- Anton Levy · departureeff. 2025-03-31
Latest filings
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-08-06
- 8-K · Company announcement2026-06-12
- 8-K · Company announcement2026-06-04
- 8-K · Company announcement2026-05-27
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Warner Bros. Discovery, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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