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

Warner Bros. Discovery's Operating Expenses history spans 17 years, with the latest figure at $9.1 billion for Q4 2025.

  • For Q4 2025, Operating Expenses fell 7.64% year-over-year to $9.1 billion; the TTM value through Dec 2025 reached $36.6 billion, down 25.93%, while the annual FY2025 figure was $36.6 billion, 25.93% down from the prior year.
  • Operating Expenses reached $9.1 billion in Q4 2025 per WBD's latest filing, up from $8.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $19.9 billion in Q2 2024 to a low of $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.
  • Peak YoY movement for Operating Expenses: skyrocketed 489.84% in 2022, then plummeted 49.82% in 2025.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for WBD's Operating Expenses are $9.1 billion (Q4 2025), $8.4 billion (Q3 2025), and $10.0 billion (Q2 2025).