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Liberty Latin America vs Warner Bros. Discovery: revenue, profit, margins and growth compared

Liberty Latin America brought in $4.4B of revenue in fiscal 2025, Warner Bros. Discovery $37.3B in fiscal 2025. Revenue changed by -0.1% at Liberty Latin America and -5.1% at Warner Bros. Discovery on the year before, so Liberty Latin America grew faster. Liberty Latin America kept -13.8% of its revenue as net profit, Warner Bros. Discovery 1.9%. Free cash flow was $305.9M at Liberty Latin America and $3.1B at Warner Bros. Discovery.

Side by side, latest fiscal year

LILAWBD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.4B$37.3B
Revenue growth-0.1%-5.1%
Net income-$611.2M$727M
Net margin-13.8%1.9%
Free cash flow$305.9M$3.1B
Free cash flow margin6.9%8.3%
Earnings per share (diluted)-$3.06$0.29
Cash$783.9M$4.6B
Debt$8.3B$32.6B
Price to earningsn/a106.5
Market value$1.7B$77.6B
Dividend yieldn/an/a
Rank by revenue in sector#17 of 75 · Telecommunications#8 of 75 · Telecommunications

Over the years

Revenue
LILA FY2018: $3.7BLILA FY2019: $3.9BLILA FY2020: $3.8BLILA FY2021: $4.8BLILA FY2022: $4.8BLILA FY2023: $4.5BLILA FY2024: $4.4BLILA FY2025: $4.4BWBD FY2018: $10.6BWBD FY2019: $11.1BWBD FY2020: $10.7BWBD FY2021: $12.2BWBD FY2022: $33.8BWBD FY2023: $41.3BWBD FY2024: $39.3BWBD FY2025: $37.3BFY18FY19FY20FY21FY22FY23FY24FY25
LILA $4.4BWBD $37.3B
Net income
LILA FY2018: -$345.2MLILA FY2019: -$106.1MLILA FY2020: -$687.3MLILA FY2021: -$440.6MLILA FY2022: -$170.7MLILA FY2023: -$73.6MLILA FY2024: -$689.4MLILA FY2025: -$611.2MWBD FY2018: $594MWBD FY2019: $2.1BWBD FY2020: $1.2BWBD FY2021: $1BWBD FY2022: -$7.4BWBD FY2023: -$3.1BWBD FY2024: -$11.3BWBD FY2025: $727MFY18FY19FY20FY21FY22FY23FY24FY25
LILA -$611.2MWBD $727M
Net margin
LILA FY2018: -9.3%LILA FY2019: -2.7%LILA FY2020: -18.2%LILA FY2021: -9.2%LILA FY2022: -3.5%LILA FY2023: -1.6%LILA FY2024: -15.5%LILA FY2025: -13.8%WBD FY2018: 5.6%WBD FY2019: 18.6%WBD FY2020: 11.4%WBD FY2021: 8.3%WBD FY2022: -21.8%WBD FY2023: -7.6%WBD FY2024: -28.8%WBD FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
LILA -13.8%WBD 1.9%
Revenue growth
LILA FY2019: +4.4%LILA FY2020: -2.2%LILA FY2021: +27.2%LILA FY2022: -0.1%LILA FY2023: -6.2%LILA FY2024: -1.4%LILA FY2025: -0.1%WBD FY2019: +5.6%WBD FY2020: -4.2%WBD FY2021: +14.2%WBD FY2022: +177.4%WBD FY2023: +22.2%WBD FY2024: -4.8%WBD FY2025: -5.1%FY19FY20FY21FY22FY23FY24FY25
LILA -0.1%WBD -5.1%
Free cash flow
LILA FY2018: $45.4MLILA FY2019: $196.7MLILA FY2020: $9MLILA FY2021: $160.3MLILA FY2022: $52.5MLILA FY2023: $312MLILA FY2024: $215.9MLILA FY2025: $305.9MWBD FY2018: $2.4BWBD FY2019: $3.1BWBD FY2020: $2.3BWBD FY2021: $2.4BWBD FY2022: $3.3BWBD FY2023: $6.2BWBD FY2024: $4.4BWBD FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
LILA $305.9MWBD $3.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Liberty Latin America and Warner Bros. Discovery

Which is bigger by revenue, Liberty Latin America or Warner Bros. Discovery?

Warner Bros. Discovery is bigger by revenue: $37.3B in fiscal 2025, against $4.4B for Liberty Latin America in fiscal 2025.

Which keeps more of its revenue as profit, Liberty Latin America or Warner Bros. Discovery?

Liberty Latin America had a net margin of -13.8% in fiscal 2025; Warner Bros. Discovery had 1.9% in fiscal 2025.

Which grew revenue faster, Liberty Latin America or Warner Bros. Discovery?

In their latest fiscal years revenue changed by -0.1% at Liberty Latin America and -5.1% at Warner Bros. Discovery.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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