How Warner Bros. Discovery (WBD) Makes Money: A Visual Guide
Warner Bros. Discovery (WBD) generated $37.30B in revenue (TTM through Q4 2025), earning $727.00M in net profit (1.9% margin). Its largest revenue source is Distribution Revenue (52% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Warner Bros. Discovery (WBD) Income Statement Flow
Frequently asked questions
How does Warner Bros. Discovery (WBD) make money?
- Warner Bros. Discovery (WBD) primarily makes money through Distribution Revenue, which accounts for 52% of total revenue. For TTM through Q4 2025, Warner Bros. Discovery generated $37.30B in total revenue with a net profit margin of 1.9%.
What is Warner Bros. Discovery (WBD) gross profit margin?
- Warner Bros. Discovery (WBD) reported a gross profit margin of 40.3% for TTM through Q4 2025, equivalent to $15.03B in gross profit. This means Warner Bros. Discovery retains 40.3% of each revenue unit after direct costs of production.
What is Warner Bros. Discovery (WBD) operating profit margin?
- Warner Bros. Discovery (WBD) reported an operating profit margin of 2.5% for TTM through Q4 2025, equivalent to $925.00M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Warner Bros. Discovery (WBD) net profit margin?
- Warner Bros. Discovery (WBD) reported a net profit margin of 1.9% for TTM through Q4 2025, equivalent to $727.00M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Warner Bros. Discovery (WBD) spend on capital expenditures?
- Warner Bros. Discovery (WBD) spent $1.23B on capital expenditures in TTM through Q4 2025 (3.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Warner Bros. Discovery (WBD) free cash flow?
- Warner Bros. Discovery (WBD) generated $3.09B in free cash flow for TTM through Q4 2025 (8.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Warner Bros. Discovery (WBD) effective tax rate?
- Warner Bros. Discovery (WBD) had an effective tax rate of 54.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.