WBD Q4 2023 Earnings — Warner Bros. Discovery, Inc. Revenue & Financial Results | Market Cap Arena

WBDWarner Bros. Discovery, Inc.

$69B

Q4 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$10.3B-6.6% YoY

Gross Profit

$4.4B42.7% margin

Operating Income

-$182M-1.8% margin

Net Income

-$400M-3.9% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$3.6B

Free Cash Flow

$3.3B

Stock-Based Comp.

$109M

Balance Sheet

Total Assets

$122.8B

Total Liabilities

$76.3B

Stockholders' Equity

$45.2B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.3B	$11.0B	-6.6%
Gross Profit	$4.4B	$4.1B	+8.2%
Operating Income	-$182M	-$1.9B	+90.4%
Net Income	-$400M	-$2.1B	+81.0%

Revenue Segments

Distribution Revenue

$4.9B48%

Content Licensing Contracts

$3.0B29%

Advertising

$2.1B20%

Service, Other

$321M3%