WBD Q1 2024 Earnings — Warner Bros. Discovery, Inc. Revenue & Financial Results | Market Cap Arena

WBDWarner Bros. Discovery, Inc.

$69B

Q1 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$10.0B-6.9% YoY

Gross Profit

$3.9B39.2% margin

Operating Income

-$267M-2.7% margin

Net Income

-$966M-9.7% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

$585M

Free Cash Flow

$390M

Stock-Based Comp.

$101M

Balance Sheet

Total Assets

$119.8B

Total Liabilities

$74.5B

Stockholders' Equity

$44.2B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.0B	$10.7B	-6.9%
Gross Profit	$3.9B	$4.0B	-2.9%
Operating Income	-$267M	-$557M	+52.1%
Net Income	-$966M	-$1.1B	+9.6%

Revenue Segments

Distribution Revenue

$5.0B50%

Content Licensing Contracts

$2.6B26%

Advertising

$2.1B22%

Service, Other

$267M3%