FINHUB Insights

WBD · Q2 FY25 · Apr 1 – Jun 30, 2025

Warner Bros. Discovery Q2 FY25: where the revenue came from and where it went

Warner Bros. Discovery Q2 FY25: revenue $9.8B (+1% year over year). Net profit $1.6B. Largest cohort Distribution Revenue $4.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 7, 2025 10-Q
Sankey diagram of Warner Bros. Discovery's income statement for Q2 FY25: revenue of $9.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$9.8B +1% year over year
Gross profit$3.8B 39% margin
Operating profit$-0.2B -2% margin
Net profit$1.6B 16% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 9.8 100% +1%
Distribution Revenue 4.9 50% +0%
Content 2.5 26% +17%
Advertising 2.2 22% −9%
Service Other 0.2 2% −19%
Cost of revenue−661%
Gross profit3.839% margin+3pp
SG&A−2.525%+0pp
Other−1.616%+0pp
Operating profit-0.2-2% margin+103pp
Tax−0.8
Net profit1.616%+119pp
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.

Older quarters