Warner Bros Discovery Inc (WBD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -4,061,000 | -7,428,000 | 2,537,000 | 2,942,000 | 3,530,000 |
| Revenue | US$ in thousands | 38,893,000 | 34,837,000 | 12,787,000 | 10,974,000 | 11,510,000 |
| Gross profit margin | -10.44% | -21.32% | 19.84% | 26.81% | 30.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-4,061,000K ÷ $38,893,000K
= -10.44%
Warner Bros. Discovery Inc's gross profit margin has exhibited a declining trend over the past five years, dropping from 65.73% in 2019 to 40.65% in 2023. This decrease indicates that the company's cost of goods sold as a percentage of revenue has been increasing relative to previous years. A lower gross profit margin can be a concern as it may indicate pricing pressures, production inefficiencies, or an increase in input costs. Investors and analysts may want to further investigate the factors contributing to this decline and assess the company's ability to maintain profitability in the future.
Peer comparison
Dec 31, 2023