FINHUB Insights

WBD · Q1 FY25 · Jan 1 – Mar 31, 2025

Warner Bros. Discovery Q1 FY25: where the revenue came from and where it went

Warner Bros. Discovery Q1 FY25: revenue $9B (−10% year over year). Net profit $-0.5B. Largest cohort Distribution Revenue $4.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 8, 2025 10-Q
Sankey diagram of Warner Bros. Discovery's income statement for Q1 FY25: revenue of $9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$9B −10% year over year
Gross profit$3.8B 43% margin
Operating profit$0B 0% margin
Net profit$-0.5B -5% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 9 100% −10%
Distribution Revenue 4.9 54% −2%
Advertising 2 22% −8%
Content 1.9 21% −27%
Service Other 0.2 2% −7%
Cost of revenue−5.157%
Gross profit3.843% margin+4pp
SG&A−2.224%+2pp
Other−1.719%+0pp
Operating profit00% margin+2pp
Interest & other costs−0.5
Net profit-0.5-5%+5pp
Filing on EDGAR More quarters of WBD

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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