Warner Bros. Discovery (WBD) Revenue — Quarter Ended Mar 31, 2023
Revenue declined from the prior quarter but rose sharply compared to the same quarter one year earlier. The year-over-year increase reflects the impact of the merger and the expanded scale of operations.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined from the prior quarter but rose sharply compared to the same quarter one year earlier. The year-over-year increase reflects the impact of the merger and the expanded scale of operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
+238.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $9.8B | +220.9% |
| Sep 30, 2022 | $9.8B | +211.8% |
| Dec 31, 2022 | $11B | +245.4% |
| Mar 31, 2023 | $10.7B | +238.7% |
Revenue performance
The reported revenue decreased relative to the immediately preceding quarter, while the trailing twelve-month revenue remained above the level of the prior comparable period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was significantly higher, driven by the inclusion of the acquired businesses. Sequentially, revenue was lower than the prior quarter.
What to watch
Monitor whether the sequential revenue decline persists in the coming quarters as integration and market conditions evolve.