v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 8,717 $ 9,812 $ 17,610 $ 18,791
Costs and expenses:        
Costs of revenues, excluding depreciation and amortization 4,621 5,967 9,264 11,098
Selling, general and administrative 2,564 2,477 5,039 4,671
Netflix Termination Fee (See Note 1) 0 0 2,800 0
Depreciation and amortization 1,159 1,447 2,385 2,994
Restructuring and other charges 113 80 317 134
Impairments and loss on dispositions 23 26 37 116
Total costs and expenses 8,480 9,997 19,842 19,013
Operating income (loss) 237 (185) (2,232) (222)
Interest expense, net (511) (463) (1,092) (931)
(Loss) gain on extinguishment of debt, net (75) 2,958 (102) 2,954
Income (loss) from equity investees, net 28 5 23 (2)
Other income, net 50 139 12 221
(Loss) income before income taxes (271) 2,454 (3,391) 2,020
Income tax benefit (expense) 433 (866) 647 (881)
Net income (loss) 162 1,588 (2,744) 1,139
Net income attributable to noncontrolling interests (13) (7) (23) (15)
Net (income) loss attributable to redeemable noncontrolling interests 0 (1) 0 3
Net income (loss) available to Warner Bros. Discovery, Inc. $ 149 $ 1,580 $ (2,767) $ 1,127
Net income (loss) per share available to Warner Bros. Discovery, Inc. Series A common stockholders:        
Basic (in dollars per share) $ 0.06 $ 0.64 $ (1.11) $ 0.46
Diluted (in dollars per share) $ 0.06 $ 0.63 $ (1.11) $ 0.45
Weighted average shares outstanding:        
Basic (in shares) 2,511 2,477 2,501 2,469
Diluted (in shares) 2,575 2,499 2,501 2,500
Distribution        
Revenues:        
Revenues $ 4,950 $ 4,885 $ 9,856 $ 9,771
Advertising        
Revenues:        
Revenues 1,724 2,216 3,571 4,196
Content        
Revenues:        
Revenues 1,828 2,471 3,715 4,337
Other        
Revenues:        
Revenues $ 215 $ 240 $ 468 $ 487