WBD Q1 2023 Earnings — Warner Bros. Discovery, Inc. Revenue & Financial Results | Market Cap Arena

WBDWarner Bros. Discovery, Inc.

$69B

Q1 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$10.7B+238.7% YoY

Gross Profit

$4.0B37.5% margin

Operating Income

-$557M-5.2% margin

Net Income

-$1.1B-10.0% margin

EPS (Diluted)

$-0.44

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

-$631M

Free Cash Flow

-$930M

Stock-Based Comp.

$111M

Balance Sheet

Total Assets

$130.6B

Total Liabilities

$82.7B

Stockholders' Equity

$46.5B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.7B	$3.2B	+238.7%
Gross Profit	$4.0B	$1.9B	+108.8%
Operating Income	-$557M	$353M	-257.8%
Net Income	-$1.1B	$456M	-334.4%

Revenue Segments

Distribution Revenue

$5.2B48%

Content Licensing Contracts

$3.0B28%

Advertising

$2.3B21%

Service, Other

$285M3%