v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Warner Bros. Discovery, Inc. Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     2,684          
Beginning balance at Dec. 31, 2024 $ 34,829 $ 34,037 $ 27 $ 55,560 $ (8,244) $ (12,239) $ (1,067) $ 792
Increase (Decrease) in Stockholders' Equity                
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests (445) (453)       (453)   8
Other comprehensive income (loss) 230 227         227 3
Net share-based plan activity (in shares)     19          
Net share-based plan activity 41 41   41        
Dividends paid to noncontrolling interests (147)             (147)
Redeemable noncontrolling interest adjustments to redemption value (3) (3)   (3)        
Reclassification associated with the expiration of put rights 74             74
Formation of music catalog joint venture 569 (13)   (13)       582
Ending balance (in shares) at Mar. 31, 2025     2,703          
Ending balance at Mar. 31, 2025 35,148 33,836 $ 27 55,585 (8,244) (12,692) (840) 1,312
Beginning balance (in shares) at Dec. 31, 2024     2,684          
Beginning balance at Dec. 31, 2024 34,829 34,037 $ 27 55,560 (8,244) (12,239) (1,067) 792
Increase (Decrease) in Stockholders' Equity                
Other comprehensive income (loss)             696  
Ending balance (in shares) at Jun. 30, 2025     2,705          
Ending balance at Jun. 30, 2025 37,323 36,049 $ 27 55,749 (8,244) (11,112) (371) 1,274
Beginning balance (in shares) at Mar. 31, 2025     2,703          
Beginning balance at Mar. 31, 2025 35,148 33,836 $ 27 55,585 (8,244) (12,692) (840) 1,312
Increase (Decrease) in Stockholders' Equity                
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests 1,587 1,580       1,580   7
Other comprehensive income (loss) 471 469         469 2
Net share-based plan activity (in shares)     2          
Net share-based plan activity 164 164   164        
Dividends paid to noncontrolling interests (16)             (16)
Tax gain on formation of music catalog joint venture (31)             (31)
Ending balance (in shares) at Jun. 30, 2025     2,705          
Ending balance at Jun. 30, 2025 $ 37,323 36,049 $ 27 55,749 (8,244) (11,112) (371) 1,274
Beginning balance (in shares) at Dec. 31, 2025 2,480   2,710          
Beginning balance at Dec. 31, 2025 $ 37,147 35,919 $ 27 56,055 (8,244) (11,512) (407) 1,228
Increase (Decrease) in Stockholders' Equity                
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests (2,906) (2,916)       (2,916)   10
Other comprehensive income (loss) (236) (235)         (235) (1)
Net share-based plan activity (in shares)     27          
Net share-based plan activity (187) (187)   (187)        
Dividends paid to noncontrolling interests (127)             (127)
Redeemable noncontrolling interest adjustments to redemption value (3) (3)   (3)        
Reclassification associated with the expiration of put rights 19             19
Ending balance (in shares) at Mar. 31, 2026     2,737          
Ending balance at Mar. 31, 2026 $ 33,707 32,578 $ 27 55,865 (8,244) (14,428) (642) 1,129
Beginning balance (in shares) at Dec. 31, 2025 2,480   2,710          
Beginning balance at Dec. 31, 2025 $ 37,147 35,919 $ 27 56,055 (8,244) (11,512) (407) 1,228
Increase (Decrease) in Stockholders' Equity                
Other comprehensive income (loss)             (281)  
Ending balance (in shares) at Jun. 30, 2026 2,508   2,738          
Ending balance at Jun. 30, 2026 $ 33,995 32,838 $ 27 56,022 (8,244) (14,279) (688) 1,157
Beginning balance (in shares) at Mar. 31, 2026     2,737          
Beginning balance at Mar. 31, 2026 33,707 32,578 $ 27 55,865 (8,244) (14,428) (642) 1,129
Increase (Decrease) in Stockholders' Equity                
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests 162 149       149   13
Other comprehensive income (loss) (46) (46)         (46) 0
Net share-based plan activity (in shares)     1          
Net share-based plan activity 157 157   157        
Dividends paid to noncontrolling interests (14)             (14)
Formation of music catalog joint venture $ 29             29
Ending balance (in shares) at Jun. 30, 2026 2,508   2,738          
Ending balance at Jun. 30, 2026 $ 33,995 $ 32,838 $ 27 $ 56,022 $ (8,244) $ (14,279) $ (688) $ 1,157