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Optimum Communications vs Warner Bros. Discovery: revenue, profit, margins and growth compared

Optimum Communications brought in $8.6B of revenue in fiscal 2025, Warner Bros. Discovery $37.3B in fiscal 2025. Revenue changed by -4.1% at Optimum Communications and -5.1% at Warner Bros. Discovery on the year before, so Optimum Communications grew faster. Optimum Communications kept -21.8% of its revenue as net profit, Warner Bros. Discovery 1.9%. Free cash flow was -$118.8M at Optimum Communications and $3.1B at Warner Bros. Discovery.

Side by side, latest fiscal year

OPTUWBD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.6B$37.3B
Revenue growth-4.1%-5.1%
Net income-$1.9B$727M
Net margin-21.8%1.9%
Free cash flow-$118.8M$3.1B
Free cash flow margin-1.4%8.3%
Earnings per share (diluted)-$4.00$0.29
Cash$1B$4.6B
Debt$26.2B$32.6B
Price to earningsn/a106.4
Market value$460.1M$77.5B
Dividend yieldn/an/a
Rank by revenue in sector#10 of 51 · Telecommunications#7 of 51 · Telecommunications

Over the years

Revenue
OPTU FY2018: $9.6BOPTU FY2019: $9.8BOPTU FY2020: $9.9BOPTU FY2020: $10.1BOPTU FY2022: $9.6BOPTU FY2023: $9.2BOPTU FY2024: $9BOPTU FY2025: $8.6BWBD FY2018: $10.6BWBD FY2019: $11.1BWBD FY2020: $10.7BWBD FY2021: $12.2BWBD FY2022: $33.8BWBD FY2023: $41.3BWBD FY2024: $39.3BWBD FY2025: $37.3BFY18FY19FY20FY21FY22FY23FY24FY25
OPTU $8.6BWBD $37.3B
Net income
OPTU FY2018: $18.8MOPTU FY2019: $138.9MOPTU FY2020: $436.2MOPTU FY2020: $990.3MOPTU FY2022: $194.6MOPTU FY2023: $53.2MOPTU FY2024: -$102.9MOPTU FY2025: -$1.9BWBD FY2018: $594MWBD FY2019: $2.1BWBD FY2020: $1.2BWBD FY2021: $1BWBD FY2022: -$7.4BWBD FY2023: -$3.1BWBD FY2024: -$11.3BWBD FY2025: $727MFY18FY19FY20FY21FY22FY23FY24FY25
OPTU -$1.9BWBD $727M
Net margin
OPTU FY2018: 0.2%OPTU FY2019: 1.4%OPTU FY2020: 4.4%OPTU FY2020: 9.8%OPTU FY2022: 2.0%OPTU FY2023: 0.6%OPTU FY2024: -1.1%OPTU FY2025: -21.8%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
OPTU -21.8%WBD 1.9%
Revenue growth
OPTU FY2019: +2.0%OPTU FY2020: +1.4%OPTU FY2020: +2.0%OPTU FY2022: -4.4%OPTU FY2023: -4.3%OPTU FY2024: -3.1%OPTU FY2025: -4.1%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
OPTU -4.1%WBD -5.1%
Free cash flow
OPTU FY2018: $1.4BOPTU FY2019: $1.2BOPTU FY2020: $1.9BOPTU FY2020: $1.6BOPTU FY2022: $452.6MOPTU FY2023: $121.6MOPTU FY2024: $149.4MOPTU FY2025: -$118.8MWBD FY2018: $2.4BWBD FY2019: $3.1BWBD FY2020: $2.3BWBD FY2021: $2.4BWBD FY2022: $3.3BWBD FY2023: $6.2BWBD FY2024: $4.4BWBD FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
OPTU -$118.8MWBD $3.1B

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

Questions about Optimum Communications and Warner Bros. Discovery

Which is bigger by revenue, Optimum Communications or Warner Bros. Discovery?

Warner Bros. Discovery is bigger by revenue: $37.3B in fiscal 2025, against $8.6B for Optimum Communications in fiscal 2025.

Which keeps more of its revenue as profit, Optimum Communications or Warner Bros. Discovery?

Optimum Communications had a net margin of -21.8% in fiscal 2025; Warner Bros. Discovery had 1.9% in fiscal 2025.

Which grew revenue faster, Optimum Communications or Warner Bros. Discovery?

In their latest fiscal years revenue changed by -4.1% at Optimum Communications 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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