Warner Bros. Discovery, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $37.3B | $39.3B | $41.3B | $33.8B | $12.2B |
| Operating income | $738.0M | -$10.0B | -$1.5B | -$7.4B | $2.0B |
| Cash from operations | $4.3B | $5.4B | $7.5B | $4.3B | $2.8B |
| Capital expenditure | $1.2B | $948.0M | $1.3B | $987.0M | $373.0M |
| Free cash flow | $3.1B | $4.4B | $6.2B | $3.3B | $2.4B |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | — | $9.1B | $0 | $0 | — |
| Total assets | $100.1B | $104.6B | $122.8B | $134.0B | $34.4B |
| Total liabilities | $62.9B | $69.6B | $76.3B | $85.3B | $21.0B |
| Total debt | $32.8B | $39.5B | $44.0B | $49.3B | $15.2B |
Shares outstanding 2.5B · Free float 80.7%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.