Global Linear Networks was Warner Bros. Discovery’s largest segment in fiscal 2025, bringing in $52.97B of $83.91B (63%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Linear Networks | — | $25.03B | $32.04B | $52.97B | |||||||||||
| Streaming | — | $30.46B | $30.94B | $28.33B | |||||||||||
| Networks | $24.67B | — | — | — | |||||||||||
| Studios | $27.47B | $34.07B | $2.63B | $2.61B | |||||||||||
| U.S. Networks | — | — | — | — | |||||||||||
| Dtc | $21.82B | — | — | — | |||||||||||
| United States | — | — | — | — | |||||||||||
| International Networks | — | — | — | — | |||||||||||
| Non-U.S | — | — | — | — | |||||||||||
| Education & Other | — | — | — | — | |||||||||||
| Other | — | — | — | — | |||||||||||
| Corporate & Inter-Segment Eliminations | — | — | — | — | |||||||||||
| Total | $73.96B | $89.56B | $65.61B | $83.91B |
Warner Bros. Discovery brought in $83.91B from its three segments in fiscal 2025, the year ended December 31, 2025. That is less than the $111.89B it reports by geography, so these segments do not cover all of its revenue. Global Linear Networks was the largest at $52.97B (63.1%), ahead of Streaming at $28.33B (33.8%) and Studios at $2.61B (3.1%).
Compared with fiscal 2024, Global Linear Networks grew fastest, up 65.3% to $52.97B, while Streaming fell the most, down 8.4% to $28.33B.
Warner Bros. Discovery began breaking out Global Linear Networks in fiscal 2023 and Streaming in fiscal 2023. Warner Bros. Discovery stopped reporting Networks ($24.67B in fiscal 2022) and Dtc ($21.82B in fiscal 2022) as separate segments.
U.S was Warner Bros. Discovery’s largest region in fiscal 2025, bringing in $74.84B of $111.89B (67%).
| Geography | FY 2008 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S | $68.09B | $84.01B | $79.30B | $74.84B | |||||||
| Non-U.S | $33.36B | $39.95B | $38.66B | $37.05B | |||||||
| Total | $101.45B | $123.96B | $117.96B | $111.89B |
Warner Bros. Discovery brought in $111.89B from its two regions in fiscal 2025, the year ended December 31, 2025. That was down 5.1% from $117.96B in fiscal 2024. U.S was the largest at $74.84B (66.9%), ahead of Non-U.S at $37.05B (33.1%).
Compared with fiscal 2024, Non-U.S fell 4.2% to $37.05B and U.S fell 5.6% to $74.84B. From fiscal 2022 to 2025, combined revenue from these regions grew from $101.45B to $111.89B, a compound annual growth rate of 3.3%. U.S's share held steady at about 66.9%.
Non-Guarantor Subsidiaries Of Dcl was Warner Bros. Discovery’s largest revenue line in fiscal 2017, bringing in $14.69B of $20.66B (71%).
| Legal Entity | FY 2008 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Discovery & Subsidiaries | — | $19.49B | — | |||||
| Non-Guarantor Subsidiaries Of Dcl | $13.49B | $13.64B | $14.69B | |||||
| Non-Guarantor Subsidiaries Of Discovery Communications, Llc | — | — | — | |||||
| Dcl | $5.73B | — | $5.96B | |||||
| Discovery Communications, Llc | — | — | — | |||||
| Discovery Communications Llc | — | — | — | |||||
| Other Non-Guarantor Subsidiaries Of Discovery Communications, Inc | — | — | — | |||||
| Reclassifications & Eliminations | — | — | — | |||||
| Total | $19.22B | $33.13B | $20.66B |
Warner Bros. Discovery brought in $20.66B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. Warner Bros. Discovery regrouped these revenue lines after fiscal 2016, so the total does not compare directly with that year's $33.13B. Non-Guarantor Subsidiaries Of Dcl was the largest at $14.69B (71.1%), ahead of Dcl at $5.96B (28.9%).
From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $19.22B to $20.66B, a compound annual growth rate of 3.7%. Non-Guarantor Subsidiaries Of Dcl's share of the total rose from 70.2% to 71.1%.
Warner Bros. Discovery stopped reporting Discovery & Subsidiaries as a separate revenue line after fiscal 2016, when it brought in $19.49B.
Warner Bros. Discovery (WBD) reports its revenue by segment, by geography and by legal entity. In fiscal 2025, Global Linear Networks was its largest segment, bringing in $52.97B (63.1% of the total), followed by Streaming at $28.33B (33.8%).
Global Linear Networks was Warner Bros. Discovery's largest segment in fiscal 2025, bringing in $52.97B, or 63.1% of the $83.91B total across its three segments.
U.S was Warner Bros. Discovery's largest region in fiscal 2025, bringing in $74.84B, or 66.9% of the $111.89B total across its two regions.
Non-Guarantor Subsidiaries Of Dcl was Warner Bros. Discovery's largest revenue line in fiscal 2017, bringing in $14.69B, or 71.1% of the $20.66B total across its two revenue lines.
Among Warner Bros. Discovery's segments that make up at least 2% of revenue, Global Linear Networks grew fastest in fiscal 2025, up 65.3% from $32.04B to $52.97B.
Every figure comes from Warner Bros. Discovery's annual financial filings, as reported. Each line keeps the name Warner Bros. Discovery gives it, and years follow its fiscal calendar.
Warner Bros. Discovery's revenue by segment goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.