Warner Bros. Discovery, Inc.
Warner Bros. Discovery Reports Net Loss in Q4 2025, Full-Year Net Income
Summary
On February 26, 2026, Warner Bros. Discovery, Inc. reported a net loss of $252 million for Q4 2025, compared to a loss of $494 million in Q4 2024. For the full year 2025, the company reported a net income of $727 million, compared to a net loss of $11.3 billion in 2024. The company's Adjusted EBITDA for Q4 2025 was $2.2 billion, a 20% decrease from the prior year, primarily driven by a decline in the Global Linear Networks segment. Free cash flow for Q4 2025 was $1.4 billion, impacted by separation and transaction related items.
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About Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. is a prominent global media and entertainment company known for its extensive portfolio of content and entertainment services. The company's primary function is to create and distribute varied media products, including films, television programming, and digital content. Among its notable features is ownership of Warner Bros. Pictures, a significant player in the film industry, and HBO, a well-regarded cable network known for producing acclaimed original series. Warner Bros. Discovery also operates Discovery Channel, adding to its diverse range of content catering to different audiences. The company impacts multiple sectors, including cinema, television broadcasting, and digital streaming services. Its role in the market is bolstered by an ability to reach a vast audience through a mix of traditional and innovative platforms, as well as its strategic focus on expanding its digital and streaming presence. This makes Warner Bros. Discovery a key entity in shaping the future of entertainment consumption worldwide.
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