← Warner Bros. Discovery, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $6.5b $6.9b $10.6b $11.1b $10.7b $12.2b $33.8b $41.3b $39.3b $37.3b
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $2.4b $2.7b $3.9b $3.8b $3.9b $4.6b $20.4b $24.5b $23.0b $20.9b
Cost of Revenue $2.4b $2.7b $3.9b $3.8b $3.9b $4.6b $20.4b $24.5b $23.0b $20.9b
Selling, general and administrative $1.7b $1.8b $2.6b $2.8b $2.7b $4.0b $9.7b $9.7b $9.3b $9.4b
Operating expenses:
Operating Income (Loss) $2.1b $713.0m $1.9b $3.0b $2.5b $2.0b ($7.4b) ($1.5b) ($10.0b) $738.0m
Additional Financial Items
Amortization of Intangible Assets $183.0m $180.0m $1.2b $1.1b $1.1b $1.3b $6.2b $6.9b $5.9b $4.6b
Basic (in shares) $433.0m $390.0m $498.0m $529.0m $505.0m $503.0m $1.9b $2.4b $2.5b $2.5b
Depreciation and amortization $322.0m $330.0m $1.4b $1.3b $1.4b $1.6b $7.2b $8.0b $7.0b $5.7b
Diluted (in shares) $642.0m $582.0m $688.0m $711.0m $672.0m $664.0m $1.9b $2.4b $2.5b $2.5b
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — — $27.0m $17.0m
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $101.0m $15.0m $0 $0 — —
Foreign Currency Transaction Gain (Loss), before Tax $75.0m ($83.0m) ($93.0m) $17.0m ($115.0m) $93.0m ($150.0m) ($173.0m) ($323.0m) $8.0m
Gain (Loss) on Investments — — ($88.0m) ($26.0m) $28.0m ($6.0m) ($105.0m) $37.0m ($1.0m) $10.0m
Gain on extinguishment of debt $0 ($54.0m) $0 ($28.0m) ($76.0m) ($10.0m) $0 $17.0m $632.0m $2.9b
Goodwill, Impairment Loss $0 $1.3b $0 $155.0m $121.0m — $0 — $9.1b —
Impairments and loss on dispositions — — — — — ($71.0m) $117.0m $77.0m $9.6b $172.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $1.4b $815.0m $1.1b $1.9b $1.9b $1.6b ($8.7b) ($4.7b) ($11.8b) $744.0m
Income (loss) before income taxes $1.7b ($137.0m) $1.0b $2.3b $1.7b $1.4b ($9.0b) ($3.9b) ($11.4b) $1.6b
Interest Income, Other — — $15.0m $22.0m $10.0m $18.0m — $179.0m $210.0m $206.0m
Interest and Other Income — — $4.0m — — — — — — —
Loss from equity investees, net ($38.0m) ($211.0m) ($63.0m) ($2.0m) ($105.0m) ($18.0m) ($160.0m) ($82.0m) ($121.0m) ($24.0m)
Net (income) loss attributable to noncontrolling interests ($1.0m) $0 ($67.0m) ($128.0m) ($124.0m) ($138.0m) ($68.0m) ($38.0m) $129.0m ($24.0m)
Net loss (income) attributable to redeemable noncontrolling interests ($23.0m) ($24.0m) ($20.0m) ($16.0m) ($12.0m) ($53.0m) ($6.0m) ($9.0m) $42.0m $2.0m
Restructuring and other charges $58.0m $75.0m $750.0m $26.0m $91.0m $32.0m $3.8b $585.0m $447.0m $399.0m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $278.0m ($41.0m) — — — — $49.0m $0 $0 —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1.7b ($137.0m) $1.0b $2.3b $1.7b $1.4b ($9.0b) ($3.9b) ($11.4b) $1.6b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.2b ($313.0m) — — — — — — — —
Net income (loss) available to Warner Bros. Discovery, Inc. $1.2b ($337.0m) $594.0m $2.1b $1.2b $1.0b ($7.4b) ($3.1b) ($11.3b) $727.0m
Net Income (Loss) Attributable to Parent $1.2b ($337.0m) $594.0m $2.1b $1.2b $1.0b ($7.4b) ($3.1b) ($11.3b) $727.0m
Net Income (Loss) Available to Common Stockholders, Basic $916.0m ($296.0m) $529.0m $1.8b $1.1b $912.0m ($7.4b) ($3.1b) ($11.3b) $728.0m
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $1.0m $0 $67.0m $128.0m $124.0m $138.0m $68.0m $38.0m ($129.0m) $24.0m
Earnings Per Share, Basic $5.91 ($11.92) $17.51 $58.97 $37.06 $31.56 ($3.82) ($1.28) ($4.62) $0.29
Earnings Per Share, Diluted $5.88 ($11.92) $17.44 $58.68 $36.93 $31.34 ($3.82) ($1.28) ($4.62) $0.29
Weighted Average Number of Shares Outstanding, Basic $433.0m $390.0m $498.0m $529.0m $505.0m $503.0m 1.9b 2.4b 2.5b 2.5b
Weighted Average Number of Shares Outstanding, Diluted $642.0m $582.0m $688.0m $711.0m $672.0m $664.0m 1.9b 2.4b 2.5b 2.5b
Business Combination, Acquisition Related Costs — $79.0m $110.0m $26.0m $6.0m $95.0m $1.2b $162.0m $242.0m $166.0m
Costs of revenues, excluding depreciation and amortization $2.4b $2.7b $3.9b $3.8b $3.9b $4.6b $20.4b $24.5b $23.0b $20.9b
Current Income Tax Expense (Benefit) $480.0m $375.0m $472.0m $585.0m $559.0m $747.0m $1.2b $1.6b $1.8b $1.6b
Interest Expense — — $729.0m $677.0m $648.0m $633.0m $1.8b $2.2b — —
Interest Expense (non-operating) — — — — — — — — $2.0b $2.1b
Interest Expense, Debt $353.0m $475.0m — — — — — — — —
Interest expense, net ($353.0m) ($475.0m) ($729.0m) ($677.0m) ($648.0m) ($633.0m) ($1.8b) ($2.2b) ($2.0b) ($2.1b)
Other Nonoperating Income (Expense) $4.0m ($110.0m) ($120.0m) ($8.0m) $42.0m $82.0m $347.0m ($12.0m) $150.0m $65.0m
Other income (expense), net $4.0m ($110.0m) ($120.0m) ($8.0m) $42.0m $82.0m $347.0m ($12.0m) $150.0m $65.0m
Selling, General and Administrative Expense $1.7b $1.8b $2.6b $2.8b $2.7b $4.0b $9.7b $9.7b $9.3b $9.4b
Income Tax Expense (Benefit) $453.0m $176.0m $341.0m $81.0m $373.0m $236.0m ($1.7b) ($784.0m) $94.0m $890.0m
Total costs and expenses $4.4b $6.2b $8.6b $8.1b $8.2b $10.2b $41.2b $42.9b $49.4b $36.6b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.