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Warner Bros. Discovery (WBD) Cost of Revenue (2016 - 2025)

Warner Bros. Discovery (WBD) has disclosed Cost of Revenue for 17 consecutive years, with $5.2 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue fell 5.5% year-over-year to $5.2 billion, compared with a TTM value of $20.9 billion through Dec 2025, down 9.08%, and an annual FY2025 reading of $20.9 billion, down 9.08% over the prior year.
  • Cost of Revenue was $5.2 billion for Q4 2025 at Warner Bros. Discovery, up from $4.6 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $7.0 billion in Q4 2022 and bottomed at $969.0 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $4.7 billion, with a median of $5.4 billion recorded in 2023.
  • The sharpest move saw Cost of Revenue surged 551.73% in 2022, then dropped 15.3% in 2025.
  • Year by year, 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.
  • Business Quant data shows Cost of Revenue for WBD at $5.2 billion in Q4 2025, $4.6 billion in Q3 2025, and $6.0 billion in Q2 2025.