WBD
Warner Bros·NASDAQ
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WBD fundamentals
Warner Bros (WBD) released its earnings on Nov 6, 2025: revenue was 9.04B (YoY -5.98%), missed estimates; EPS was -0.06 (YoY -220.00%), beat estimates.
Revenue / YoY
9.04B
-5.98%
EPS / YoY
-0.06
-220.00%
Report date
Nov 6, 2025
WBD Earnings Call Summary for Q3,2025
- Box Office Dominance: Warner Bros. leads global box office with $4 billion in 2025 revenue, driven by Superman, The Conjuring, and One Battle After Another. Studio EBITDA expected to exceed $2.4 billion in 2025, targeting $3 billion by 2026.
- HBO Max Growth: 150 million global subscribers by end-2026, with Q3 series like Task and Gilded Age averaging 10 million weekly viewers. Unique value proposition combines films, originals, and local sports/content.
- Sports Strategy Shift: U.S. standalone sports app focuses on non-rental content; international sports bundled with local content. $300 million annual savings from NBA rights exit.
- Library Monetization: Shift from licensing to internal use boosts margins; 100,000+ hour library includes exclusive HBO Max titles like The Wire.
- ARPU Outlook: U.S. ARPU faces short-term pressure but set to grow in late 2026. International ARPU growth from ad-supported tier expansion and price increases.
EPS
Revenue
Revenue & Expenses
WBD has released its 2025 Q3 earnings report, with revenue of 9.04B, reflecting a YoY change of -6.01%, and net profit of -143.00M, showing a YoY change of -201.42%. The Sankey diagram below clearly presents WBD's revenue sources and cost distribution.
Key Indicators
Warner Bros (WBD) key financial stats and ratios, covering profitability, financial health, and leverage.
Warner Bros (WBD)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Warner Bros (WBD)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Warner Bros (WBD)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Warner Bros (WBD) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Warner Bros (WBD) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield
You can ask Aime
What is Warner Bros's latest dividend and current dividend yield?What factors drove the changes in Warner Bros's revenue and profit?What were the key takeaways from Warner Bros's earnings call?What does Warner Bros do and what are its main business segments?What is the market's earnings forecast for Warner Bros next quarter?Did Warner Bros beat or miss consensus estimates last quarter?What is Warner Bros's gross profit margin?What guidance did Warner Bros's management provide for the next earnings period?
