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

Warner Bros. Discovery's Cost of Revenue history runs 18 years deep, the most recent figure standing at $4.6 billion for Q1 2026.

• Quarterly Cost of Revenue fell 9.51% year-over-year to $4.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.4 billion (down 7.47% YoY) and the FY2025 annual result came in at $20.9 billion, down 9.08% from the prior year.
• Cost of Revenue was $4.6 billion for Q1 2026 at Warner Bros. Discovery, 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.
• A 5-year average of $5.5 billion and a median of $5.6 billion in 2022 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 551.73% — and 2025, when it fell 15.3%.
• Warner Bros. Discovery's Cost of Revenue stood at $7.0 billion in 2022, then declined by 15.21% to $5.9 billion in 2023, then fell by 6.26% to $5.5 billion in 2024, then declined by 5.5% to $5.2 billion in 2025, then fell by 11.1% to $4.6 billion in 2026.
• Business Quant data shows WBD's Cost of Revenue at $4.6 billion in Q1 2026, $5.2 billion in Q4 2025, and $4.6 billion in Q3 2025.