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

Warner Bros. Discovery has reported Cost of Revenue for 18 years, with the latest figure 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.
• The five-year high for Cost of Revenue was $7.0 billion in Q4 2022, with the low at $1.2 billion in Q1 2022.
• Historically, Cost of Revenue has averaged $5.5 billion across 5 years, with a median of $5.6 billion in 2022.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 551.73% — and 2025, when it slipped 15.3%.
• Warner Bros. Discovery's Cost of Revenue stood at $7.0 billion in 2022, then slipped by 15.21% to $5.9 billion in 2023, then dropped by 6.26% to $5.5 billion in 2024, then slipped by 5.5% to $5.2 billion in 2025, then dropped 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.