Warner Bros Discovery Inc (WBD)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-4,061,000	-18,240,000	-14,110,000	-9,955,000	-7,428,000	9,125,000	6,550,000	5,355,000	5,255,000	3,339,000	3,276,000	3,000,000	2,942,000	7,928,000	8,134,000	8,350,000	8,362,000	7,351,000	7,245,000	7,148,000
Revenue (ttm)	US$ in thousands	38,893,000	43,065,000	42,909,000	42,378,000	34,837,000	26,592,000	19,919,000	13,154,000	12,787,000	12,193,000	11,604,000	11,083,000	10,974,000	10,659,000	10,776,000	11,120,000	11,144,000	11,079,000	10,993,000	10,953,000
Gross profit margin		-10.44%	-42.35%	-32.88%	-23.49%	-21.32%	34.31%	32.88%	40.71%	41.10%	27.38%	28.23%	27.07%	26.81%	74.38%	75.48%	75.09%	75.04%	66.35%	65.91%	65.26%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-4,061,000K ÷ $38,893,000K
= -10.44%

Warner Bros. Discovery Inc's gross profit margin has shown a downward trend over the past three quarters, starting at 44.01% in Q3 2022 and decreasing to 40.65% in Q4 2023. This decline suggests that the company's cost of goods sold has been increasing relative to its revenue. While a gross profit margin above 40% is generally considered healthy, the recent decrease may indicate challenges in managing production costs or pricing strategies. Further analysis of the company's operating expenses and revenue streams would provide a clearer picture of the factors influencing this trend.