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Warner Bros. Discovery (WBD) Operating Expenses (2016 - 2025)

Warner Bros. Discovery (WBD) has disclosed Operating Expenses for 17 consecutive years, with $9.1 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 7.64% year-over-year to $9.1 billion, compared with a TTM value of $36.6 billion through Dec 2025, down 25.93%, and an annual FY2025 reading of $36.6 billion, down 25.93% over the prior year.
  • Operating Expenses was $9.1 billion for Q4 2025 at Warner Bros. Discovery, up from $8.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $19.9 billion in Q2 2024 and bottomed at $2.3 billion in Q2 2021.
  • Average Operating Expenses over 5 years is $9.0 billion, with a median of $9.9 billion recorded in 2023.
  • The sharpest move saw Operating Expenses skyrocketed 489.84% in 2022, then plummeted 49.82% in 2025.
  • Year by year, Operating Expenses stood at $2.7 billion in 2021, then surged by 381.6% to $12.9 billion in 2022, then fell by 18.88% to $10.5 billion in 2023, then dropped by 5.74% to $9.9 billion in 2024, then dropped by 7.64% to $9.1 billion in 2025.
  • Business Quant data shows Operating Expenses for WBD at $9.1 billion in Q4 2025, $8.4 billion in Q3 2025, and $10.0 billion in Q2 2025.