Warner Bros. Discovery (WBD) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.1%
Change from the immediately preceding quarter.
Year-over-year
-6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.3B
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 |
|---|---|---|
| Mar 31, 2023 | $10.7B | +238.7% |
| Jun 30, 2023 | $10.4B | +5.4% |
| Sep 30, 2023 | $10B | +1.6% |
| Dec 31, 2023 | $10.3B | -6.6% |
Revenue performance
The reported revenue rose from the prior quarter, marking a sequential improvement. This increase contrasts with the year-over-year decrease, indicating a mixed performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue moved higher. Relative to the same quarter one year earlier, revenue was lower, reflecting a decline over the longer period.
What to watch
The year-over-year revenue decline persists despite the sequential gain, warranting attention to the longer-term trend.