Warner Bros. Discovery, Inc.
WBDDelisted Oct 6, 2026- Exchange
- Nasdaq
- Industry
- Cable & Other Pay Television Services
- SEC CIK
- 0001437107
Warner Bros. Discovery, Inc. was delisted on Oct 6, 2026; its insiders filed their last Form 4 on Oct 8, 2026; 1,322 institutions reported holding it in 13F filings for Q2 2026, worth $51.9B in total; 5 superinvestors held it, including Third Point and Harris Associates (Oakmark).
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:08 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 23, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Revenue | $37.3B | $39.3B | $41.3B | $33.8B | $12.2B |
| Selling, general and administrative | $9.42B | $9.30B | $9.70B | $9.68B | $4.02B |
| Operating income | $738.0M | -$10.0B | -$1.55B | -$7.37B | $2.01B |
| Interest expense | – | – | $2.22B | $1.78B | $633.0M |
| Income tax | $890.0M | $94.0M | -$784.0M | -$1.66B | $236.0M |
| Net income | $727.0M | -$11.3B | -$3.13B | -$7.37B | $1.01B |
| EPS, basic | $0.29 | $-4.62 | $-1.28 | $-3.82 | – |
| EPS, diluted | $0.29 | $-4.62 | $-1.28 | $-3.82 | – |
| Weighted shares, basic | 2.48B | 2.45B | 2.44B | 1.94B | – |
| Weighted shares, diluted | 2.53B | 2.45B | 2.44B | 1.94B | – |
| Margins and growth | |||||
| Operating margin | 2.0% | -25.5% | -3.7% | -21.8% | 16.5% |
| Net margin | 1.9% | -28.8% | -7.6% | -21.8% | 8.3% |
| Revenue growth, year over year | −5.1% | −4.8% | +22.2% | +177.4% | +14.2% |
| Net income growth, year over year | – | – | – | −832.7% | −17.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 23, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Cash and equivalents | $4.57B | $5.31B | $3.78B | $3.73B | $3.90B |
| Accounts receivable | $5.29B | $4.95B | $6.05B | $6.38B | $2.45B |
| Total current assets | $13.2B | $14.1B | $14.2B | $14.0B | $7.26B |
| Property, plant and equipment | $6.68B | $6.09B | $5.96B | $5.30B | $1.34B |
| Goodwill | $25.9B | $25.7B | $35.0B | $34.4B | $12.9B |
| Intangible assets | $27.8B | $32.3B | $38.3B | $45.0B | $6.32B |
| Total assets | $100.1B | $104.6B | $122.8B | $134.0B | $34.4B |
| Accounts payable | $1.09B | $1.05B | $1.26B | $1.45B | $412.0M |
| Short-term debt | $139.0M | $2.75B | $1.78B | $365.0M | $339.0M |
| Total current liabilities | $12.5B | $15.8B | $15.3B | $15.0B | $3.46B |
| Long-term debt | $32.6B | $39.5B | $43.7B | $49.0B | $14.8B |
| Total liabilities | $62.9B | $69.6B | $76.3B | $85.3B | $21.0B |
| Shareholders' equity | $37.1B | $34.8B | $46.3B | $48.3B | $13.0B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 23, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Operating cash flow | $4.32B | $5.38B | $7.48B | $4.30B | $2.80B |
| Capital expenditures | $1.23B | $948.0M | $1.32B | $987.0M | $373.0M |
| Free cash flow | $3.09B | $4.43B | $6.16B | $3.32B | $2.42B |
| Depreciation and amortization | $5.68B | $7.04B | $7.99B | $7.19B | $1.58B |
| Stock-based compensation | $769.0M | $557.0M | $500.0M | $412.0M | $178.0M |
| Investing cash flow | -$1.18B | -$349.0M | -$1.26B | $3.52B | -$56.0M |
| Financing cash flow | -$4.24B | -$3.75B | -$5.84B | -$7.74B | -$853.0M |
| Net change in cash | -$846.0M | $1.10B | $389.0M | $25.0M | $1.78B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.1% | 1.4% | 1.2% | 1.2% | 1.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 23, 2026 | 2.51B | +1.4% | SEC |
| Apr 23, 2026 | 2.51B | +1.3% | SEC |
| Feb 12, 2026 | 2.48B | +1.0% | SEC |
| Oct 23, 2025 | 2.48B | +1.0% | SEC |
| Jul 25, 2025 | 2.48B | +1.0% | SEC |
| Apr 25, 2025 | 2.47B | +1.0% | SEC |
| Feb 13, 2025 | 2.45B | +0.6% | SEC |
| Oct 24, 2024 | 2.45B | +0.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.