v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Revenues $ 8,893 $ 8,979
Costs and expenses:    
Costs of revenues, excluding depreciation and amortization 4,643 5,131
Selling, general and administrative 2,475 2,194
Netflix Termination Fee (See Note 1) 2,800 0
Depreciation and amortization 1,226 1,547
Restructuring and other charges 204 54
Impairments and loss on dispositions 14 90
Total costs and expenses 11,362 9,016
Operating loss (2,469) (37)
Interest expense, net (581) (468)
Loss on extinguishment of debt, net (27) (4)
Loss from equity investees, net (5) (7)
Other (expense) income, net (38) 82
Loss before income taxes (3,120) (434)
Income tax benefit (expense) 214 (15)
Net loss (2,906) (449)
Net income attributable to noncontrolling interests (10) (8)
Net loss attributable to redeemable noncontrolling interests 0 4
Net loss available to Warner Bros. Discovery, Inc. $ (2,916) $ (453)
Net loss per share available to Warner Bros. Discovery, Inc. Series A common stockholders:    
Basic (in dollars per share) $ (1.17) $ (0.18)
Diluted (in dollars per share) $ (1.17) $ (0.18)
Weighted average shares outstanding:    
Basic (in shares) 2,492 2,462
Diluted (in shares) 2,492 2,462
Distribution    
Revenues:    
Revenues $ 4,906 $ 4,886
Advertising    
Revenues:    
Revenues 1,847 1,980
Content    
Revenues:    
Revenues 1,887 1,866
Other    
Revenues:    
Revenues $ 253 $ 247