Warner Bros Discovery Inc (WBD)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -11,388,000 | -11,645,000 | -11,999,000 | -3,444,000 | -3,863,000 | -5,791,000 | -8,110,000 | -10,874,000 | -8,960,000 | -6,236,000 | -3,152,000 | 1,812,000 | 1,433,000 | 1,666,000 | 1,752,000 | 1,488,000 | 1,728,000 | 1,875,000 | 2,000,000 | 2,260,000 |
| Revenue (ttm) | US$ in thousands | 39,321,000 | 39,577,000 | 39,933,000 | 40,580,000 | 41,326,000 | 42,045,000 | 41,889,000 | 41,358,000 | 33,817,000 | 25,996,000 | 19,323,000 | 12,558,000 | 12,191,000 | 11,890,000 | 11,301,000 | 10,780,000 | 10,671,000 | 10,659,000 | 10,776,000 | 11,120,000 |
| Pretax margin | -28.96% | -29.42% | -30.05% | -8.49% | -9.35% | -13.77% | -19.36% | -26.29% | -26.50% | -23.99% | -16.31% | 14.43% | 11.75% | 14.01% | 15.50% | 13.80% | 16.19% | 17.59% | 18.56% | 20.32% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-11,388,000K ÷ $39,321,000K
= -28.96%
Warner Bros Discovery Inc's pretax margin experienced a gradual decline from March 31, 2020, at 20.32%, to December 31, 2021, at 11.75%, indicating a decrease in the company's profitability before accounting for taxes. However, the pretax margin saw a slight improvement to 14.43% by March 31, 2022.
Starting from June 30, 2022, the pretax margin took a sharp negative turn, dropping to -16.31%, and continuing to decline significantly in the subsequent quarters. By the end of December 31, 2024, the pretax margin had plummeted to -28.96%.
This persistent negative trend in the pretax margin indicates challenges in generating profits relative to revenue and operating costs for Warner Bros Discovery Inc. Further analysis would be needed to understand the underlying reasons for this decline and to develop strategies for potential improvement.
Peer comparison
Dec 31, 2024