Warner Bros. Discovery Q2 FY25: where the revenue came from and where it went
The whole income statement of Warner Bros. Discovery for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 7, 2025
Revenue$9.81B
+1% year over year
Gross profit$3.85B
39% margin
Operating profit−$0.19B
−2% margin
Net profit$1.58B
16% margin
Net profit is larger than what operations earned, because the statement adds $2.63B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 9.81 | 100% | +1% |
| Distribution | 4.89 | 50% | +0% |
| Content | 2.47 | 25% | +17% |
| Advertising | 2.22 | 23% | −9% |
| Service other | 0.24 | 2% | −19% |
| Cost of revenue | −5.97 | 61% | |
| Gross profit | 3.85 | 39% margin | +3pp |
| SG&A | −2.48 | 25% | +0pp |
| Other | −1.55 | 16% | +0pp |
| Operating profit | −0.19 | −2% margin | +103pp |
| Other income, net | 2.63 | ||
| Tax | −0.87 | ||
| Net profit | 1.58 | 16% margin | +119pp |
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