v3.26.1
REPORTABLE SEGMENTS - Schedule of Revenues by Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 8,717 $ 9,812 $ 17,610 $ 18,791
Segment Adjusted EBITDA 2,054 2,668 4,901 5,059
Operating Segments | Streaming        
Segment Reporting [Line Items]        
Revenues 3,079 2,793 5,966 5,449
Content expense 1,569 1,600 3,100 3,104
Personnel expense 187 191 373 377
Marketing expense 344 294 629 514
Other segment expenses 467 415 914 822
Segment Adjusted EBITDA 512 293 950 632
Operating Segments | Studios        
Segment Reporting [Line Items]        
Revenues 2,328 3,801 5,453 6,115
Content expense 1,442 2,135 3,045 3,474
Personnel expense 235 232 486 462
Marketing expense 307 363 582 615
Other segment expenses 248 208 469 442
Segment Adjusted EBITDA 96 863 871 1,122
Operating Segments | Global Linear Networks        
Segment Reporting [Line Items]        
Revenues 3,991 4,803 8,368 9,577
Content expense 1,400 2,105 2,992 3,937
Personnel expense 509 505 1,038 1,001
Marketing expense 137 115 266 219
Other segment expenses 499 566 992 1,115
Segment Adjusted EBITDA 1,446 1,512 3,080 3,305
Corporate        
Segment Reporting [Line Items]        
Revenues 1 1 2 1
Segment Adjusted EBITDA 298 316 567 549
Inter-segment eliminations        
Segment Reporting [Line Items]        
Revenues (682) (1,586) (2,179) (2,351)
Segment Adjusted EBITDA $ (123) $ 399 $ 252 $ 452