Warner Bros. Discovery (WBD) Revenue — Quarter Ended Jun 30, 2024
Revenue for the most recent quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The decline marks a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the most recent quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The decline marks a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
-6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$39.9B
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 |
|---|---|---|
| Sep 30, 2023 | $10B | +1.6% |
| Dec 31, 2023 | $10.3B | -6.6% |
| Mar 31, 2024 | $10B | -6.9% |
| Jun 30, 2024 | $9.7B | -6.2% |
Revenue performance
Revenue was lower than the prior quarter, reflecting a sequential decline, and also fell year over year.
Quarterly comparison
The sequential decline from the prior quarter was moderate, while the year-over-year decrease was more pronounced.
What to watch
The continued revenue decline across multiple quarters warrants close monitoring of future trends.