Warner Bros. Discovery (WBD) Revenue — Quarter Ended Mar 31, 2026
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects 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
$8.9B
Revenue reported for this quarter.
Quarter-over-quarter
-6.0%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.2B
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, 2025 | $9.8B | +1.0% |
| Sep 30, 2025 | $9B | -6.0% |
| Dec 31, 2025 | $9.5B | -5.7% |
| Mar 31, 2026 | $8.9B | -1.0% |
Revenue performance
Total revenue fell from the prior quarter and from the year-ago period, with the sequential decline being more pronounced.
Quarterly comparison
When compared to the preceding quarter, revenue was lower, and it was also below the level reported for the same quarter one year ago.
What to watch
The company's revenue trajectory warrants close attention as it has now declined for consecutive quarters.