Warner Bros Discovery (WBD) revenue breakdown

Communication Services · Entertainment · Market cap $77.6B

By segment, Global Linear Networks is the largest at 43% of fiscal 2025 revenue; Studios grew fastest, 302% a year over 5 years.

By product, Distribution is the largest at 52% of fiscal 2025 revenue; Content grew fastest, 94% a year over 5 years.

Revenue by segment

Fiscal years, as Warner Bros Discovery reports them in its 10-K filings; fiscal 2025 total $41.2B.

Segments20182019202020212022202320242025Share
Global Linear Networks——$10.4B$11.3B$19.3B$21.2B$20.2B$17.7B 43%
Studios——$12M$20M$9.7B$12.2B$11.6B$12.6B 31%
Streaming——$220M$860M$7.3B$10.2B$10.3B$10.9B 26%
U.S. Networks$6.3B$7.1B—————— —
International Networks$4.1B$4.0B—————— —
Other$54M$11M—————— —

Revenue by product

Fiscal years, as Warner Bros Discovery reports them in its 10-K filings; fiscal 2025 total $37.3B.

Products20182019202020212022202320242025Share
Distribution$4.5B$4.8B$4.7B$5.2B$16.1B$20.2B$19.7B$19.3B 52%
Content——$355M$737M$8.4B$11.2B$10.3B$9.6B 26%
Advertising$5.5B$6.0B$5.6B$6.2B$8.5B$8.7B$8.1B$7.3B 20%
Other$501M$265M$58M$58M$791M$1.2B$1.2B$1.1B 3%

Revenue by region

Fiscal years, as Warner Bros Discovery reports them in its 10-K filings; fiscal 2025 total $37.3B.

Regions20182019202020212022202320242025Share
U.S.$6.4B$7.2B$7.0B$7.7B$22.7B$28.0B$26.4B$24.9B 67%
Non-U.S.$4.1B$4.0B$3.6B$4.5B$11.1B$13.3B$12.9B$12.3B 33%
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Questions

Where does Warner Bros Discovery make its money?

In fiscal 2025, by segment: Global Linear Networks $17.7B, Studios $12.6B, Streaming $10.9B.

From Warner Bros Discovery's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.