FINHUB Insights

WBD · Q3 FY25 · Sep 30, 2025

Warner Bros. Discovery Q3 FY25: where the revenue came from and where it went

Warner Bros. Discovery Q3 FY25: revenue $9B (−6% year over year). Net profit $-0.1B. Largest cohort Distribution Revenue $4.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 30, 2025
Reported
Nov 6, 2025 10-Q
Sankey diagram of Warner Bros. Discovery's income statement for Q3 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 −6% year over year
Gross profit$4.5B 50% margin
Operating profit$0.6B 7% margin
Net profit$-0.1B -2% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 9 100% −6%
Distribution Revenue 4.7 52% −4%
Content 2.6 29% −3%
Advertising 1.4 16% −16%
Service Other 0.3 3% −4%
Cost of revenue−4.651%
Gross profit4.550% margin+3pp
SG&A−2.426%+1pp
Other−1.517%+0pp
Operating profit0.67% margin+4pp
Tax−0.2
Interest & other costs−0.5
Net profit-0.1-2%−3pp
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