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Warner Bros. Discovery (WBD) Cost of Revenue (2016 - 2026)

Warner Bros. Discovery filings provide 17 years of Cost of Revenue readings, the most recent being $5.2 billion for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 5.5% to $5.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $20.9 billion, a 9.08% decrease, with the full-year FY2025 number at $20.9 billion, down 9.08% from a year prior.
  • Cost of Revenue hit $5.2 billion in Q4 2025 for Warner Bros. Discovery, up from $4.6 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $7.0 billion in Q4 2022 to a low of $969.0 million in Q1 2021.
  • Median Cost of Revenue over the past 5 years was $5.4 billion (2023), compared with a mean of $4.7 billion.
  • Biggest five-year swings in Cost of Revenue: soared 551.73% in 2022 and later decreased 15.3% in 2025.
  • Warner Bros. Discovery's Cost of Revenue stood at $1.1 billion in 2021, then soared by 551.73% to $7.0 billion in 2022, then decreased by 15.21% to $5.9 billion in 2023, then fell by 6.26% to $5.5 billion in 2024, then decreased by 5.5% to $5.2 billion in 2025.
  • The last three reported values for Cost of Revenue were $5.2 billion (Q4 2025), $4.6 billion (Q3 2025), and $6.0 billion (Q2 2025) per Business Quant data.