Warner Bros. Discovery, Inc. (WBD)

Earnings Overview

Next Earnings Date

May 7, 2026

Warner Bros. Discovery, Inc. (WBD) reported Dec-25 earnings with earnings per share of $-0.10, an increase of 50% compared to the same quarter last year. WBD revenue came in at $9.46 billion, down 6% year-over-year. The next Warner Bros. Discovery, Inc. earnings report is expected on May 7, 2026.

Annual

YearEPSYoYRevenue (Bil)YoY
20250.29+106%37.30-5%
2024-4.62-600%39.31-5%
2023-0.66-156%41.33+22%

Quarterly

QuarterEPSYoYRevenue (Bil)YoY
Dec-25-0.10+50%9.46-6%
Sep-25-0.06-220%9.04-6%
Jun-250.63+115%9.81+1%
Mar-25-0.18+55%8.98-10%

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Earnings Call Summary

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Earnings Surprises

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WBD Beat/Miss History

Warner Bros. Discovery, Inc. has beaten analyst EPS estimates in 10 of the last 23 quarters. The largest earnings beat was +1625.0% in Mar-22. The largest miss was -3786.9% in Jun-22. On the revenue side, WBD exceeded estimates in 3 of 17 quarters.

WBD Growth Trajectory

Warner Bros. Discovery, Inc. EPS growth has ranged from -698% to +425% over the last 19 quarters. WBD posted positive EPS growth in 7 of 19 quarters.

Revenue growth for WBD ranged from -10% to +245% over the same period. The most recent quarter brought in $9.46 billion in revenue.

WBD Annual Performance

In 2025, Warner Bros. Discovery, Inc. earned $0.29 per share, up 106% from 2024 when EPS was $-4.62. Full-year 2025 revenue for WBD was $37.30 billion, a decrease of 5% year-over-year.