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Charter Communications vs Warner Bros. Discovery: CHTR and WBD compared
Charter Communications is the larger company: $14.9B of revenue in its latest quarter (Q3 2026) against $8.7B for Warner Bros. Discovery (Q2 2026). Charter Communications is growing faster (+9% against -11% a year earlier). Warner Bros. Discovery is more profitable, with an operating margin of 2.7% against -23.6%.
Where the money goes: CHTR and WBD
Charter Communications (CHTR) · Q3 2026
Charter Communications, Q3 2026: revenue $14.9B (+9% year over year), operating margin -23.6%, net loss $2.7B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
Warner Bros. Discovery (WBD) · Q2 2026
Warner Bros. Discovery, Q2 2026: revenue $8.7B (-11% year over year), operating margin 2.7%, net earnings $162M, operating cash flow $848M. The chart follows the revenue to costs, profit and cash.
| Charter Communications (CHTR) | Warner Bros. Discovery (WBD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $14.9B | $8.7B |
| Revenue growth, Y/Y | +9% | -11% |
| Operating margin | -23.6% | 2.7% |
| Net earnings | −$2.7B | $162M |
| Net margin | -18.1% | 1.9% |
| Operating cash flow | $4.0B | $848M |
| Free cash flow | $1.0B | $572M |
| Market value | $13.8B | — |
| P/E | 8.0× | — |
| Analysts’ mean target | $169.89 | — |
Where the revenue comes from
Charter Communications
- Residential revenue: $11.2B (75%)
- Commercial revenue: $2.2B (15%)
- Mobile service: $1.1B (8%)
- Voice: $340M (2%)
Warner Bros. Discovery
- Distribution: $5.0B (57%)
- Content: $1.8B (21%)
- Advertising: $1.7B (20%)
- Other: $215M (2%)
Questions
Which is bigger, Charter Communications or Warner Bros. Discovery?
Charter Communications is the larger company: $14.9B of revenue in its latest quarter (Q3 2026) against $8.7B for Warner Bros. Discovery (Q2 2026).
Is Charter Communications or Warner Bros. Discovery growing faster?
Charter Communications is growing faster (+9% against -11% a year earlier).
Which is more profitable, Charter Communications or Warner Bros. Discovery?
Warner Bros. Discovery is more profitable, with an operating margin of 2.7% against -23.6%.
More: Charter Communications earnings · how Charter Communications makes money · Warner Bros. Discovery earnings · how Warner Bros. Discovery makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.