Warner Bros. Discovery (WBD) Revenue — Quarter Ended Jun 30, 2025
Total revenue in the current quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase was driven by higher content revenue, while advertising revenue declined.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Total revenue in the current quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase was driven by higher content revenue, while advertising revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.8B
Revenue reported for this quarter.
Quarter-over-quarter
+9.3%
Change from the immediately preceding quarter.
Year-over-year
+1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$38.4B
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, 2024 | $9.6B | -3.6% |
| Dec 31, 2024 | $10B | -2.5% |
| Mar 31, 2025 | $9B | -9.8% |
| Jun 30, 2025 | $9.8B | +1.0% |
Revenue performance
Content revenue increased significantly from both the prior quarter and the year-ago period. In contrast, advertising revenue decreased compared to the prior quarter and the same quarter a year ago.
Quarterly comparison
Revenue in the current quarter was higher than the immediately preceding quarter and also higher than the same quarter one year ago. The sequential improvement reversed a decline seen in the prior quarter.
What to watch
The decrease in advertising revenue warrants attention as it contrasts with the overall revenue growth.