Warner Bros. Discovery, Inc. (WBD)

WBD · Cable & Other Pay Television Services · New York, NY · filing with the SEC since 2008

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Grade4.4

◀ Past 3.3● Present 5.5▶ Future 4.1

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The companyfiscal 2025, as filed

Revenue$37.30B-5.1%

Net income$727M+106.4%

Earnings per share$0.29+106.3%

Operating cash flow$4.32B-19.6%

Cash$4.57B-14.0%

Debt$32.43B-11.8%

Shareholders’ equity$37.15B+6.7%

Shares, diluted2.53B+3.3%

Return on equity2.0%

The recordfrom its filings

Filings in 2026269

Newest filingOct 16 · 15-15D

Annual reportFeb 27, 2026

Quarterly reportAug 6, 2026

Next report due10-K by Mar 1

Insider sales, 12 months$407M

Insider buys, 12 months$0.00

Patents granted716

Filer categoryLarge accelerated filer

Trailing twelve months to Jun 2026Revenue $36.12BNet income -$3.17BCash from operations $3.42Bthe four newest filed quarters added

Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.

Revenue and net income by fiscal yearRevenueNet income

16171819202122232425

As filed, in USD. Nothing here is a forecast.

The company now

WBD became a wholly owned subsidiary of Skydance Corporation on October 6, 2026, when the merger closed 1.

The filing puts the aggregate cash paid for the company at approximately $78 billion, and its Series A common stock was withdrawn from Nasdaq that day 1. On October 16, 2026 it filed a certification ending its duty to file reports with the SEC, and it reported one holder of record for its common stock 13.

Revenue for the second quarter of 2026 was $8,717 million, down 11 percent from $9,812 million a year earlier 3. Net income available to the company fell to $149 million from $1,580 million 3.

The company said advertising fell because the NBA was no longer on its networks 3. It said theatrical revenue fell 46 percent against the strong 2025 releases of A Minecraft Movie, Sinners and Final Destination Bloodlines 3. Streaming revenue rose 10 percent to $3,079 million 3.

David Zaslav's employment ended on October 6, 2026, and three more officers separate on October 16, 2026 1. Variety reported on October 6, 2026 that JB Perrette, previously Warner's streaming chief, is now co-chair and chief business officer of Skydance's television and streaming units 6.

What stays open is how Skydance combines the two companies' streaming and cable businesses, which its release says it aims to do over time 4.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.