Warner Bros. Discovery (WBD) Cost of Revenue (2009 - 2026)

Warner Bros. Discovery (WBD) has 18 years of Cost of Revenue data on file, last reported at $4.6 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 9.51% year-over-year to $4.6 billion; the trailing twelve-month figure through Mar 2026 stood at $20.4 billion (down 7.47% YoY), and the FY2025 full-year result was $20.9 billion, down 9.08% from the prior year.
• Cost of Revenue for Q1 2026 stood at $4.6 billion, down from $5.2 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $7.0 billion in Q4 2022 and bottomed at $1.2 billion in Q1 2022.
• The 5-year median for Cost of Revenue is $5.6 billion (2022), against an average of $5.5 billion.
• The widest annual swing landed in 2022, when Cost of Revenue jumped 551.73%; it then slipped 15.3% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $7.0 billion in 2022, then dropped by 15.21% to $5.9 billion in 2023, then declined by 6.26% to $5.5 billion in 2024, then dropped by 5.5% to $5.2 billion in 2025, then declined by 11.1% to $4.6 billion in 2026.
• The last three Cost of Revenue figures came in at $4.6 billion (Q1 2026), $5.2 billion (Q4 2025), and $4.6 billion (Q3 2025), per Business Quant data.

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