Warner Bros. Discovery (WBD) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline was broad-based across primary revenue streams.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline was broad-based across primary revenue streams.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9B
Revenue reported for this quarter.
Quarter-over-quarter
-10.5%
Change from the immediately preceding quarter.
Year-over-year
-9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$38.3B
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 |
|---|---|---|
| Jun 30, 2024 | $9.7B | -6.2% |
| Sep 30, 2024 | $9.6B | -3.6% |
| Dec 31, 2024 | $10B | -2.5% |
| Mar 31, 2025 | $9B | -9.8% |
Revenue performance
The reported revenue declined from the prior quarter, continuing a downward trend observed over recent periods.
Quarterly comparison
Revenue was lower than the immediately preceding quarter as well as the same quarter one year ago. The sequential and year-over-year decreases were consistent with the company's recent performance trajectory.
What to watch
The revenue decline was driven by lower contributions from distribution, advertising, and content segments, as shown in the filing.