Warner Bros. Discovery (WBD) Revenue — Quarter Ended Sep 30, 2023
Revenue declined compared to the prior quarter but rose relative to the same period last year. The company's revenue components showed mixed results.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined compared to the prior quarter but rose relative to the same period last year. The company's revenue components showed mixed results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10B
Revenue reported for this quarter.
Quarter-over-quarter
-3.7%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$42B
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 |
|---|---|---|
| Dec 31, 2022 | $11B | +245.4% |
| Mar 31, 2023 | $10.7B | +238.7% |
| Jun 30, 2023 | $10.4B | +5.4% |
| Sep 30, 2023 | $10B | +1.6% |
Revenue performance
The reported revenue decreased from the preceding quarter, reflecting a sequential decline. Year-over-year, revenue increased, with distribution and content revenue higher while advertising revenue was lower.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. When compared to the same quarter one year earlier, revenue was higher.
What to watch
The divergence between distribution and advertising revenue trends may be an area to monitor in upcoming quarters.