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AT&T vs Warner Bros. Discovery: revenue, profit, margins and growth compared
AT&T brought in $125.6B of revenue in fiscal 2025, Warner Bros. Discovery $37.3B in fiscal 2025. Revenue changed by +2.7% at AT&T and -5.1% at Warner Bros. Discovery on the year before, so AT&T grew faster. AT&T kept 17.5% of its revenue as net profit, Warner Bros. Discovery 1.9%. Free cash flow was $19.4B at AT&T and $3.1B at Warner Bros. Discovery.
Side by side, latest fiscal year
| T | WBD | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $125.6B | $37.3B |
| Revenue growth | +2.7% | -5.1% |
| Net income | $22B | $727M |
| Net margin | 17.5% | 1.9% |
| Free cash flow | $19.4B | $3.1B |
| Free cash flow margin | 15.5% | 8.3% |
| Earnings per share (diluted) | $3.04 | $0.29 |
| Cash | $18.2B | $4.6B |
| Debt | $134.7B | $32.6B |
| Price to earnings | 8.3 | 106.4 |
| Market value | $173.9B | $77.5B |
| Dividend yield | 4.37% | n/a |
| Rank by revenue in sector | #2 of 51 · Telecommunications | #7 of 51 · Telecommunications |
Over the years
Questions about AT&T and Warner Bros. Discovery
Which is bigger by revenue, AT&T or Warner Bros. Discovery?
AT&T is bigger by revenue: $125.6B in fiscal 2025, against $37.3B for Warner Bros. Discovery in fiscal 2025.
Which keeps more of its revenue as profit, AT&T or Warner Bros. Discovery?
AT&T had a net margin of 17.5% in fiscal 2025; Warner Bros. Discovery had 1.9% in fiscal 2025.
Which grew revenue faster, AT&T or Warner Bros. Discovery?
In their latest fiscal years revenue changed by +2.7% at AT&T 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.