Warner Bros Discovery Inc (WBD)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -3,910,000 | -5,852,000 | -8,184,000 | -10,938,000 | -9,034,000 | -6,341,000 | -3,275,000 | 1,653,000 | 1,242,000 | 1,481,000 | 1,578,000 | 1,331,000 | 1,592,000 | 1,751,000 | 1,871,000 | 2,120,000 | 2,150,000 | 2,086,000 | 1,837,000 | 1,500,000 |
| 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 |
| Pretax margin | -10.05% | -13.59% | -19.07% | -25.81% | -25.93% | -23.85% | -16.44% | 12.57% | 9.71% | 12.15% | 13.60% | 12.01% | 14.51% | 16.43% | 17.36% | 19.06% | 19.29% | 18.83% | 16.71% | 13.69% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-3,910,000K ÷ $38,893,000K
= -10.05%
Warner Bros. Discovery Inc's pretax margin has shown fluctuating trends over the past eight quarters. The pretax margin was negative in all quarters except Q1 2022, where it was positive at 14.43%. The margin reached its lowest point in Q1 2023 at -26.29% and the second lowest in Q4 2022 at -26.50%. The company experienced slight improvements in the pretax margin in Q2 and Q3 2023 compared to the previous quarters, indicating some progress in managing costs or increasing revenues. However, the margins are still negative, suggesting that the company is facing challenges in generating profits before taxes. Further analysis of the company's cost structure, revenue streams, and overall financial performance may be necessary to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023