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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 9,045 $ 9,623 $ 27,836 $ 29,294
Costs and expenses:        
Costs of revenues, excluding depreciation and amortization 4,564 5,181 15,662 17,443
Selling, general and administrative 2,361 2,385 7,032 7,078
Depreciation and amortization 1,375 1,762 4,369 5,394
Restructuring and other charges 88 9 222 161
Impairments and loss on dispositions 46 5 162 9,412
Total costs and expenses 8,434 9,342 27,447 39,488
Operating income (loss) 611 281 389 (10,194)
Interest expense, net (570) (494) (1,501) (1,527)
(Loss) gain on extinguishment of debt, net (1) 23 2,953 590
Income (loss) from equity investees, net 17 (18) 15 (89)
Other (expense) income, net (30) 30 191 188
Income (loss) before income taxes 27 (178) 2,047 (11,032)
Income tax (expense) benefit (170) 319 (1,051) 190
Net (loss) income (143) 141 996 (10,842)
Net income attributable to noncontrolling interests (4) (3) (19) (20)
Net (income) loss attributable to redeemable noncontrolling interests (1) (3) 2 45
Net (loss) income available to Warner Bros. Discovery, Inc. $ (148) $ 135 $ 979 $ (10,817)
Net (loss) income per share available to Warner Bros. Discovery, Inc. Series A common stockholders:        
Basic (in dollars per share) $ (0.06) $ 0.06 $ 0.40 $ (4.42)
Diluted (in dollars per share) $ (0.06) $ 0.05 $ 0.39 $ (4.42)
Weighted average shares outstanding:        
Basic (in shares) 2,479 2,453 2,473 2,449
Diluted (in shares) 2,479 2,470 2,510 2,449
Distribution        
Revenues:        
Total revenues $ 4,702 $ 4,920 $ 14,473 $ 14,784
Advertising        
Revenues:        
Total revenues 1,407 1,682 5,603 6,260
Content        
Revenues:        
Total revenues 2,649 2,721 6,986 7,388
Other        
Revenues:        
Total revenues $ 287 $ 300 $ 774 $ 862