Filing Flows › Warner Bros. Discovery (WBD) › Q4 2024
Warner Bros. Discovery (WBD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Warner Bros. Discovery (WBD) reported revenue of $10.0B for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and +4% from the quarter before. Operating margin was 1.6%, net loss $640M (6.4% of revenue).
Warner Bros. Discovery, Q4 2024: revenue $10.0B (-2% year over year), operating margin 1.6%, net loss $640M, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0B | +4% | -2% |
| Operating profit | $162M | — | — |
| Net earnings | −$640M | — | — |
| Operating cash flow | $2.7B | +221% | -24% |
| Free cash flow | $2.4B | +284% | -27% |
What changed
Revenue was $10.0B in Q4 2024, down 2% year over year and up 4% from the previous quarter.
Operating profit was $0.16B, a 1.6% margin (up 3.4 points year over year). Total costs fell 6% while revenue fell 2%. The quarter ended with a net loss of $0.64B, after a profit of $0.14B the previous quarter. Minority interests bore $0.15B of it: to shareholders the quarter was a loss of $0.49B. Net interest and other expense of $0.52B was the main reason.
Operating cash flow was $2.7B (down 24% year over year). Non-cash charges added back $1.6B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items added $1.6B. Capital expenditures of $0.29B left free cash flow of $2.4B.
Questions
What was Warner Bros. Discovery's revenue in the fourth quarter 2024?
Warner Bros.
Was Warner Bros. Discovery profitable in the fourth quarter 2024?
Operating profit was $162M (1.6% of revenue) and net loss $640M.