WBD Q2 2025 Earnings — Warner Bros. Discovery, Inc. Revenue & Financial Results | Market Cap Arena

WBDWarner Bros. Discovery, Inc.

$69B

Q2 2025 Earnings

Communication Services Entertainment

Income Statement

Revenue

$9.8B+1.0% YoY

Gross Profit

$3.8B39.2% margin

Operating Income

-$185M-1.9% margin

Net Income

$1.6B16.1% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$983M

Free Cash Flow

$702M

Stock-Based Comp.

$175M

Balance Sheet

Total Assets

$101.7B

Total Liabilities

$64.4B

Stockholders' Equity

$36.0B

Cash & Equivalents

$4.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.8B	$9.7B	+1.0%
Gross Profit	$3.8B	$3.5B	+9.6%
Operating Income	-$185M	-$10.2B	+98.2%
Net Income	$1.6B	-$10.0B	+115.8%

Revenue Segments

Distribution Revenue

$4.9B50%

Content Licensing Contracts

$2.5B25%

Advertising

$2.2B23%

Service, Other

$240M2%