Warner Bros Discovery Inc (WBD) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Warner Bros Discovery Inc   (NASDAQ: WBD)

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Description of Warner Bros Discovery Inc's Business Segments
Warner Bros Discovery Inc. is a global leader in the entertainment industry, delivering an expansive array of segments, products, and services designed to captivate audiences across various demographics and preferences. The companys dedication to storytelling, alongside its extensive resources and industry expertise, enables it to produce high-quality content and engage viewers through multiple platforms.

Segments

Warner Bros Discovery Inc. operates primarily through three integral segments:

1. Studios and Networks: This segment encompasses the creation and production of both film and television content. Warner Bros Discovery is responsible for a wide variety of networks that include, but are not limited to:
- Discovery Channel: Focused on factual entertainment, featuring documentaries and reality programming.
- HGTV: Home and lifestyle programming, focusing on renovations, real estate, and design.
- Food Network: Programming centered around food, cooking competitions, and culinary talent.
- Animal Planet: Content featuring animals and wildlife, often focusing on conservation and animal welfare.

The Studios and Networks segment also includes Warner Bros. Pictures, which is renowned for producing high-grossing films and beloved franchises, contributing significantly to the global box office.

2. News and Sports: This segment comprises a variety of news and sports networks, including:
- CNN: A major news network delivering up-to-date news coverage, in-depth reporting, and various special programs.
- CNN International: Provides global news coverage and analysis tailored for international audiences.
- CNN en Español: A Spanish-language news network that caters to the Hispanic audience.
- Eurosport: A sports network offering a wide range of live sports events and dedicated sports programming across Europe and other regions.

3. Direct-to-Consumer: This segment focuses on streaming services that cater directly to customers. Key platforms include:
- HBO Max: A subscription-based streaming service that offers a vast library of movies, TV shows, and exclusive original content.
- Discovery+: A service featuring real-life entertainment, including documentaries and series from various Discovery networks.
- DC Universe: A platform focused on content related to the DC Comics brand, including comic books, animated series, and live-action productions, including popular superhero movies and series.

Products

The product offerings of Warner Bros Discovery Inc. are diverse and span across its various segments, including:

1. Movies: The company is known for its production and distribution of blockbuster films across genres, from animated features and family films to action-packed blockbusters and dramatic narratives. Notable franchises include Harry Potter,DC Extended Universe,and The Matrix.

2. Television Shows: Warner Bros Discovery produces a rich variety of television programming. This includes scripted series, reality shows, documentaries, and talent competitions. Many of these shows have achieved critical acclaim and audience popularity.

3. Home Entertainment: The company provides a vast array of home entertainment products, including DVDs, Blu-rays, and digital downloads, allowing consumers to enjoy their favorite films and series at home.

4. Video Games: Warner Bros Discovery develops and publishes video games based on its slate of films and television shows. The company is known for popular franchises like Mortal Kombatand LEGOvideo games, which appeal to both casual and hardcore gamers.

Services

Warner Bros Discovery Inc. offers a multitude of services that enhance its product offerings and connect with its audience, including:

1. Distribution: The company manages a sophisticated distribution network that delivers its content across various channels, including cable and satellite providers, theaters, and streaming platforms.

2. Advertising: With a wide range of networks and digital properties, Warner Bros offers various advertising opportunities that allow brands to reach target audiences effectively through traditional commercial placement and integrated marketing strategies.

3. Merchandising: Warner Bros Discovery utilizes its robust catalog of intellectual properties by licensing merchandise. This includes toys, apparel, accessories, and collectibles that resonate with fans of its brands.

4. Content Creation: The company provides content creation services, leveraging its in-house production capabilities through studios such as Warner Bros Television Studios. This business unit collaborates with various brands to produce original content tailored to specific audiences and platforms.

Overall, Warner Bros Discovery Inc. stands out as an entertainment powerhouse with a rich portfolio of segments, products, and services. Its commitment to creating impactful content ensures that it continues to engage diverse audiences across the globe, making the company a key player in the evolving landscape of entertainment.

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Composition of Warner Bros Discovery Inc Revenues by Segments
 
Distribution    55.17 % of total Revenue
Advertising    20.77 % of total Revenue
Content    21.22 % of total Revenue
Other    2.84 % of total Revenue
Streaming    32.46 % of total Revenue
Streaming Distribution    28.48 % of total Revenue
Streaming Advertising    3.19 % of total Revenue
Streaming Content    0.76 % of total Revenue
Streaming Other    0.02 % of total Revenue
Studios    35.14 % of total Revenue
Studios Distribution    0.01 % of total Revenue
Studios Content    32.99 % of total Revenue
Studios Other    2.14 % of total Revenue
Global Linear Networks    49.22 % of total Revenue
Global Linear Networks Distribution    26.68 % of total Revenue
Global Linear Networks Advertising    17.65 % of total Revenue
Global Linear Networks Content    3.89 % of total Revenue
Global Linear Networks Other    0.99 % of total Revenue
Corporate and Inter-Eliminations    -16.82 % of total Revenue
Corporate and Inter-Eliminations Distribution    -0.01 % of total Revenue
Corporate and Inter-Eliminations Advertising    -0.08 % of total Revenue
Corporate and Inter-Eliminations Content    -16.43 % of total Revenue
Corporate and Inter-Eliminations Other    -0.3 % of total Revenue
Distribution Revenue    55.17 % of total Revenue
Product and Service Other    2.84 % of total Revenue
Streaming Distribution Revenue    28.48 % of total Revenue
Streaming Product and Service Other    0.02 % of total Revenue
Studios Distribution Revenue    0.01 % of total Revenue
Studios Product and Service Other    2.14 % of total Revenue
Global Linear Networks Distribution Revenue    26.68 % of total Revenue
Global Linear Networks Product and Service Other    0.99 % of total Revenue
Corporate    0.01 % of total Revenue
Inter-eliminations    -16.83 % of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)		 %
(of total Revenues)
Distribution 4,906.00 55.17 %
Advertising 1,847.00 20.77 %
Content 1,887.00 21.22 %
Other 253.00 2.84 %
Streaming 2,887.00 32.46 %
Streaming Distribution 2,533.00 28.48 %
Streaming Advertising 284.00 3.19 %
Streaming Content 68.00 0.76 %
Streaming Other 2.00 0.02 %
Studios 3,125.00 35.14 %
Studios Distribution 1.00 0.01 %
Studios Content 2,934.00 32.99 %
Studios Other 190.00 2.14 %
Global Linear Networks 4,377.00 49.22 %
Global Linear Networks Distribution 2,373.00 26.68 %
Global Linear Networks Advertising 1,570.00 17.65 %
Global Linear Networks Content 346.00 3.89 %
Global Linear Networks Other 88.00 0.99 %
Corporate and Inter-Eliminations -1,496.00 -16.82 %
Corporate and Inter-Eliminations Distribution -1.00 -0.01 %
Corporate and Inter-Eliminations Advertising -7.00 -0.08 %
Corporate and Inter-Eliminations Content -1,461.00 -16.43 %
Corporate and Inter-Eliminations Other -27.00 -0.3 %
Distribution Revenue 4,906.00 55.17 %
Product and Service Other 253.00 2.84 %
Streaming Distribution Revenue 2,533.00 28.48 %
Streaming Product and Service Other 2.00 0.02 %
Studios Distribution Revenue 1.00 0.01 %
Studios Product and Service Other 190.00 2.14 %
Global Linear Networks Distribution Revenue 2,373.00 26.68 %
Global Linear Networks Product and Service Other 88.00 0.99 %
Corporate 1.00 0.01 %
Inter-eliminations -1,497.00 -16.83 %
Total 8,893.00 100 %




Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%		 Q/Q Revenue
%
Distribution 0.41 % -
Advertising -6.72 % -
Content 1.13 % -
Other 2.43 % -
Streaming 8.7 % -
Streaming Distribution 8.76 % -
Streaming Advertising 19.83 % -
Streaming Content -22.73 % -
Streaming Other 0 % -
Studios 35.05 % -
Studios Distribution 0 % -
Studios Content 37.17 % -
Studios Other 9.83 % -
Global Linear Networks -8.32 % -
Global Linear Networks Distribution -7.23 % -
Global Linear Networks Advertising -10.69 % -
Global Linear Networks Content -8.95 % -
Global Linear Networks Other 12.82 % -
Corporate and Inter-Eliminations - -
Corporate and Inter-Eliminations Distribution - -
Corporate and Inter-Eliminations Advertising - -
Corporate and Inter-Eliminations Content - -
Corporate and Inter-Eliminations Other - -
Distribution Revenue 0.41 % -
Product and Service Other 2.43 % -
Streaming Distribution Revenue 8.76 % -
Streaming Product and Service Other 0 % -
Studios Distribution Revenue 0 % -
Studios Product and Service Other 9.83 % -
Global Linear Networks Distribution Revenue -7.23 % -
Global Linear Networks Product and Service Other 12.82 % -
Corporate - -
Inter-eliminations - -
Total -0.96 % -76.16 %




Q1 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)		 %
(Profit Margin)
Total -2,906.00 -




Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%		 Q/Q Income
%
Total - -




Annual Report on Warner Bros Discovery Inc Divisions, Sales by Country

 
Distribution   Distribution Segment contribution to total sales 51.65 % of total Revenue
Advertising   Advertising Segment contribution to total sales 19.59 % of total Revenue
Content   Content Segment contribution to total sales 25.87 % of total Revenue
Other   Other Segment contribution to total sales 2.9 % of total Revenue
Streaming   Streaming Segment contribution to total sales 29.16 % of total Revenue
Streaming Distribution   Streaming Distribution Segment contribution to total sales 25.32 % of total Revenue
Streaming Advertising   Streaming Advertising Segment contribution to total sales 2.77 % of total Revenue
Streaming Content   Streaming Content Segment contribution to total sales 1.04 % of total Revenue
Streaming Other   Streaming Other Segment contribution to total sales 0.03 % of total Revenue
Studios   Studios Segment contribution to total sales 33.83 % of total Revenue
Studios Distribution   Studios Distribution Segment contribution to total sales 0.02 % of total Revenue
Studios Content   Studios Content Segment contribution to total sales 31.48 % of total Revenue
Studios Other   Studios Other Segment contribution to total sales 2.33 % of total Revenue
Global Linear Networks   Global Linear Networks Segment contribution to total sales 47.34 % of total Revenue
Global Linear Networks Distribution   Global Linear Networks Distribution Segment contribution to total sales 26.33 % of total Revenue
Global Linear Networks Advertising   Global Linear Networks Advertising Segment contribution to total sales 16.98 % of total Revenue
Global Linear Networks Content   Global Linear Networks Content Segment contribution to total sales 3.2 % of total Revenue
Global Linear Networks Other   Global Linear Networks Other Segment contribution to total sales 0.83 % of total Revenue
Distribution Revenue   Distribution Revenue Segment contribution to total sales 51.65 % of total Revenue
Product and Service Other   Product and Service Other Segment contribution to total sales 2.9 % of total Revenue
Streaming Distribution Revenue   Streaming Distribution Revenue Segment contribution to total sales 25.32 % of total Revenue
Streaming Product and Service Other   Streaming Product and Service Other Segment contribution to total sales 0.03 % of total Revenue
Studios Distribution Revenue   Studios Distribution Revenue Segment contribution to total sales 0.02 % of total Revenue
Studios Product and Service Other   Studios Product and Service Other Segment contribution to total sales 2.33 % of total Revenue
Global Linear Networks Distribution Revenue   Global Linear Networks Distribution Revenue Segment contribution to total sales 26.33 % of total Revenue
Global Linear Networks Product and Service Other   Global Linear Networks Product and Service Other Segment contribution to total sales 0.83 % of total Revenue
Corporate   Corporate Segment contribution to total sales 0.01 % of total Revenue
Inter-eliminations   Inter-eliminations Segment contribution to total sales -10.34 % of total Revenue
Studios Advertising   Studios Advertising Segment contribution to total sales 0 % of total Revenue
Corporate and inter-eliminations   Corporate and inter-eliminations Segment contribution to total sales -10.34 % of total Revenue
Corporate and inter-eliminations Distribution   Corporate and inter-eliminations Distribution Segment contribution to total sales -0.02 % of total Revenue
Corporate and inter-eliminations Advertising   Corporate and inter-eliminations Advertising Segment contribution to total sales -0.16 % of total Revenue
Corporate and inter-eliminations Content   Corporate and inter-eliminations Content Segment contribution to total sales -9.86 % of total Revenue
Corporate and inter-eliminations Other   Corporate and inter-eliminations Other Segment contribution to total sales -0.3 % of total Revenue
U S   U S Segment contribution to total sales 66.89 % of total Revenue
Non-U S   Non-U S Segment contribution to total sales 33.11 % of total Revenue


Twelve months ended 2025
WBD s Annual Revenue by Geography and Business Segments Sales
(in millions $)		 %
(of total Sales)
Distribution 19,262.00 51.65 %
Advertising 7,306.00 19.59 %
Content 9,647.00 25.87 %
Other 1,081.00 2.9 %
Streaming 10,876.00 29.16 %
Streaming Distribution 9,444.00 25.32 %
Streaming Advertising 1,032.00 2.77 %
Streaming Content 388.00 1.04 %
Streaming Other 12.00 0.03 %
Studios 12,619.00 33.83 %
Studios Distribution 8.00 0.02 %
Studios Content 11,740.00 31.48 %
Studios Other 870.00 2.33 %
Global Linear Networks 17,656.00 47.34 %
Global Linear Networks Distribution 9,819.00 26.33 %
Global Linear Networks Advertising 6,332.00 16.98 %
Global Linear Networks Content 1,195.00 3.2 %
Global Linear Networks Other 310.00 0.83 %
Distribution Revenue 19,262.00 51.65 %
Product and Service Other 1,081.00 2.9 %
Streaming Distribution Revenue 9,444.00 25.32 %
Streaming Product and Service Other 12.00 0.03 %
Studios Distribution Revenue 8.00 0.02 %
Studios Product and Service Other 870.00 2.33 %
Global Linear Networks Distribution Revenue 9,819.00 26.33 %
Global Linear Networks Product and Service Other 310.00 0.83 %
Corporate 2.00 0.01 %
Inter-eliminations -3,857.00 -10.34 %
Total 37,296.00 100 %
Studios Advertising 1.00 0 %
Corporate and inter-eliminations -3,855.00 -10.34 %
Corporate and inter-eliminations Distribution -9.00 -0.02 %
Corporate and inter-eliminations Advertising -59.00 -0.16 %
Corporate and inter-eliminations Content -3,676.00 -9.86 %
Corporate and inter-eliminations Other -111.00 -0.3 %
U S 24,946.00 66.89 %
Non-U S 12,350.00 33.11 %


Twelve months ended 2025
WBD s Annual Income by Country and Business Segments Income
(in millions $)		 %
(Profit Margin)
Total 749.00 2.01 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Distribution -2.23 % -
Advertising -9.69 % -
Content -6.31 % -
Other -12.33 % -
Streaming 5.46 % -
Streaming Distribution 4.68 % -
Streaming Advertising 20.7 % -
Streaming Content -9.35 % -
Streaming Other 50 % -
Studios 8.72 % -
Studios Distribution 0 % -
Studios Content 9.55 % -
Studios Other -0.8 % -
Global Linear Networks -12.49 % -
Global Linear Networks Distribution -8.06 % -
Global Linear Networks Advertising -13.33 % -
Global Linear Networks Content -35.34 % -
Global Linear Networks Other -9.09 % -
Distribution Revenue -2.23 % -
Product and Service Other -12.33 % -
Streaming Distribution Revenue 4.68 % -
Streaming Product and Service Other 50 % -
Studios Distribution Revenue 0 % -
Studios Product and Service Other -0.8 % -
Global Linear Networks Distribution Revenue -8.06 % -
Global Linear Networks Product and Service Other -9.09 % -
Corporate -75 % -
Inter-eliminations - -
Total -5.15 % -
Studios Advertising -80 % -
Corporate and inter-eliminations - -
Corporate and inter-eliminations Distribution - -
Corporate and inter-eliminations Advertising - -
Corporate and inter-eliminations Content - -
Corporate and inter-eliminations Other - -
U S -5.63 % -
Non-U S -4.17 % -
Networks - -
Networks Distribution - -
Networks Advertising - -
Networks Content - -
Networks Other - -
DTC - -
DTC Distribution - -
DTC Advertising - -
DTC Content - -
DTC Other - -
Networks Distribution Revenue - -
Networks Product and Service Other - -
DTC Distribution Revenue - -
DTC Product and Service Other - -



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