Warner Bros. Discovery (WBD) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was evident across all major revenue categories.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was evident across all major revenue categories.
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
-3.2%
Change from the immediately preceding quarter.
Year-over-year
-6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$40.6B
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, 2023 | $10.4B | +5.4% |
| Sep 30, 2023 | $10B | +1.6% |
| Dec 31, 2023 | $10.3B | -6.6% |
| Mar 31, 2024 | $10B | -6.9% |
Revenue performance
The reduction in revenue was driven by lower contributions from distribution, advertising, and content. All three segments posted year-over-year decreases.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, while on an annual basis it was also below the level reported a year ago.
What to watch
All revenue segments contracted, with content showing the largest absolute decline.