Financial Statements — WBD
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 3.26 | 4.29 | 4.89 | 3.87 | 3.34 | 3.61 | 2.98 | 2.38 | 3.03 | 2.59 | 2.42 | 2.58 | 4.16 | 3.12 | 2.83 | 2.01 |
| Accounts Receivable | 5.01 | 5.13 | 5.38 | 4.66 | 5.53 | 6.17 | 6.30 | 6.31 | 6.77 | 6.83 | 6.67 | 7.05 | 2.43 | 2.46 | 2.66 | 2.48 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.15 | 0.14 | -- | -- | -- | -- |
| Total Current Assets | 11.74 | 13.06 | 13.61 | 12.78 | 12.51 | 13.43 | 13.90 | 12.83 | 13.77 | 13.73 | 12.67 | 15.45 | 7.17 | 6.66 | 6.73 | 5.87 |
| Property, Plant & Equipment | 6.64 | 6.52 | 6.41 | 6.21 | 6.16 | 6.04 | 5.94 | 5.81 | 5.47 | 5.33 | 5.14 | 5.60 | 1.33 | 1.31 | 1.24 | 1.19 |
| Goodwill | 25.87 | 25.92 | 25.94 | 25.75 | 25.87 | 25.74 | 34.89 | 34.73 | 34.91 | 34.66 | 34.45 | 34.27 | 12.87 | 12.96 | 13.01 | 12.97 |
| Intangible Assets | 26.80 | 28.79 | 29.91 | 31.03 | 33.77 | 35.16 | 36.65 | 39.87 | 41.58 | 43.24 | 46.74 | 48.72 | 5.87 | 6.78 | 7.08 | 7.32 |
| Total Non-current Assets* | 86.10 | 87.46 | 88.12 | 88.90 | 93.83 | 94.60 | 105.92 | 110.92 | 114.85 | 116.86 | 123.38 | 126.79 | 26.63 | 27.66 | 27.84 | 27.76 |
| Total Assets | 97.84 | 100.52 | 101.73 | 101.68 | 106.33 | 108.03 | 119.82 | 123.75 | 128.62 | 130.58 | 136.05 | 142.24 | 33.80 | 34.32 | 34.57 | 33.63 |
| Accounts Payable | 1.11 | 1.08 | 1.07 | 1.01 | 1.12 | 1.15 | 1.25 | 1.33 | 1.69 | 1.12 | 1.53 | 1.40 | 0.52 | -- | -- | -- |
| Total Current Liabilities | 16.11 | 12.16 | 13.04 | 15.29 | 15.70 | 17.77 | 16.96 | 14.59 | 16.91 | 16.38 | 14.68 | 14.44 | 3.56 | 3.34 | 3.57 | 3.14 |
| Long-term Debt | 32.47 | 33.52 | 34.63 | 37.43 | 40.21 | 40.96 | 42.58 | 44.80 | 47.28 | 48.93 | 49.87 | 52.49 | 14.40 | 14.79 | 15.05 | 15.03 |
| Total Non-current Liabilities* | 48.02 | 51.05 | 51.34 | 51.22 | 54.46 | 54.85 | 57.57 | 63.02 | 64.93 | 66.36 | 71.29 | 74.86 | 16.68 | 17.59 | 17.70 | 17.91 |
| Total Liabilities | 64.13 | 63.21 | 64.38 | 66.51 | 70.16 | 72.61 | 74.53 | 77.61 | 81.83 | 82.74 | 85.97 | 89.29 | 20.24 | 20.92 | 21.26 | 21.05 |
| Retained Earnings | (14.43) | (11.26) | (11.11) | (12.69) | (11.74) | (11.88) | (1.89) | (0.53) | (0.10) | 1.13 | 4.31 | 6.61 | 10.03 | 9.52 | 9.36 | 8.68 |
| Total Stockholder Equity | 32.58 | 36.02 | 36.05 | 33.84 | 35.10 | 34.35 | 44.15 | 44.77 | 45.45 | 46.50 | 48.52 | 51.38 | 11.97 | 11.61 | 11.54 | 10.82 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 8.89 | 9.46 | 9.05 | 9.81 | 8.98 | 10.03 | 9.62 | 9.71 | 9.96 | 10.28 | 9.98 | 10.36 | 10.70 | 11.01 | 9.82 | 9.83 | 3.16 | 3.19 | 3.15 | 3.06 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.63 | 6.63 | 1.24 | -- | 1.53 | 1.06 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.20 | 3.20 | 1.92 | -- | 1.62 | 1.73 |
| Selling, General & Admin | 2.48 | 2.39 | 2.36 | 2.48 | 2.19 | 2.22 | 2.38 | 2.46 | 2.23 | 2.46 | 2.29 | 2.56 | 2.39 | 2.51 | 2.59 | 3.54 | 1.04 | 1.07 | 0.94 | 0.95 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6.39 | 6.84 | 1.57 | -- | 1.29 | 1.01 |
| Operating Income | (2.47) | 0.35 | 0.61 | (0.18) | (0.04) | 0.16 | 0.28 | (10.21) | (0.27) | (0.18) | 0.10 | (0.91) | (0.56) | (1.89) | (2.19) | (3.64) | 0.35 | 0.51 | 0.33 | 0.78 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.52 | 0.50 | 0.57 | 0.57 | 0.57 | 0.56 | 0.56 | 0.51 | 0.15 | 0.15 | 0.16 | 0.16 |
| Pretax Income | (3.12) | (0.41) | 0.03 | 2.45 | (0.43) | (0.36) | (0.18) | (10.03) | (0.82) | (0.61) | (0.53) | (1.48) | (1.24) | (2.54) | (2.85) | (4.24) | 0.68 | 0.18 | 0.23 | 0.72 |
| Tax Provision | (0.21) | (0.16) | 0.17 | 0.87 | 0.02 | 0.28 | (0.32) | (0.01) | 0.14 | (0.22) | (0.12) | (0.26) | (0.18) | (0.46) | (0.57) | (0.84) | 0.20 | 0.09 | 0.04 | 0.00 |
| Net Income | (2.92) | (0.25) | (0.15) | 1.58 | (0.45) | (0.49) | 0.14 | (9.99) | (0.97) | (0.40) | (0.42) | (1.24) | (1.07) | (2.10) | (2.31) | (3.42) | 0.46 | 0.04 | 0.16 | 0.67 |
| Basic EPS | (1.17) | (0.11) | (0.06) | 0.64 | (0.18) | (0.21) | 0.06 | (4.07) | (0.40) | (0.16) | (0.17) | (0.51) | (0.44) | (2.06) | (0.95) | (1.50) | 0.69 | -- | -- | -- |
| Diluted EPS | (1.17) | (0.10) | (0.06) | 0.63 | (0.18) | (0.20) | 0.05 | (4.07) | (0.40) | (0.16) | (0.17) | (0.51) | (0.44) | (2.06) | (0.95) | (1.50) | 0.69 | -- | -- | -- |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.21) | 1.80 | 0.98 | 0.98 | 0.55 | 2.72 | 0.85 | 1.23 | 0.59 | 3.58 | 2.52 | 2.01 | (0.63) | 2.85 | 0.12 | 1.01 | 0.32 | 0.88 | 0.81 | 0.83 |
| Capital Expenditures | 0.27 | 0.42 | 0.28 | 0.28 | 0.25 | 0.29 | 0.22 | 0.25 | 0.20 | 0.27 | 0.46 | 0.29 | 0.30 | 0.36 | 0.32 | 0.22 | 0.09 | 0.10 | 0.11 | 0.08 |
| Free Cash Flow* | (0.48) | 1.38 | 0.70 | 0.70 | 0.30 | 2.43 | 0.63 | 0.98 | 0.39 | 3.31 | 2.06 | 1.72 | (0.93) | 2.48 | (0.19) | 0.79 | 0.24 | 0.78 | 0.71 | 0.76 |
| Investing Cash Flow | (0.28) | (0.42) | (0.33) | (0.24) | (0.19) | 0.01 | (0.22) | 0.07 | (0.21) | (0.23) | (0.46) | (0.31) | (0.26) | (0.22) | 0.86 | 2.35 | 0.53 | (0.03) | (0.23) | 0.04 |
| Financing Cash Flow | (0.76) | (1.12) | (1.24) | 0.01 | (1.89) | (0.60) | (0.87) | (1.04) | (1.24) | (1.53) | (2.62) | (1.25) | (0.43) | (1.27) | (2.31) | (3.57) | (0.59) | (0.04) | (0.27) | (0.07) |
* Derived from reported values
