In fiscal year 2025 Netflix reported $45.2B in revenue against Warner Bros. Discovery's $37.3B, 1.21× as much.
| Measure | NFLX | WBD | Gap |
|---|---|---|---|
| Revenue | $45.2B | $37.3B | ×1.21 |
| Cost of revenue | $23.3B | $3.9B | ×5.91 |
| Operating income | $13.3B | $738M | ×18.06 |
| Net income | $11.0B | $727M | ×15.10 |
| EPS (diluted) | 2.53 | 0.29 | ×8.72 |
| Total assets | $55.6B | $100B | ×1.80 |
| Total liabilities | $29.0B | $62.9B | ×2.17 |
| Shareholders' equity | $26.6B | $35.9B | ×1.35 |
| Cash | $9.0B | $4.6B | ×1.98 |
| Long-term debt | $13.5B | $32.6B | ×2.42 |
| Shares outstanding | 4.2B | 2.5B | ×1.70 |
| Net margin | 24.3% | 1.9% | ×12.47 |
| Operating margin | 29.5% | 2.0% | ×14.91 |
| Operating cash flow | $10.1B | $4.3B | ×2.35 |
| Capital expenditure | $688M | $1.2B | ×1.79 |
| Free cash flow | $9.5B | $3.1B | ×3.06 |
| Income tax expense | $1.7B | $890M | ×1.96 |
| Share buybacks | $9.1B | $0 | — |
The larger of the two figures is in bold. Larger is not automatically better: on debt, cost and tax a bigger number is simply a bigger number. This site reports the figures and leaves the judgement to you.
Revenue, year by year
Netflix · 2011–2025
Warner Bros. Discovery · 2016–2025
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Netflix vs Warner Bros. Discovery |url=https://companiesranked.com/en/compare/netflix-vs-warner-bros-discovery |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Netflix vs Warner Bros. Discovery. CompaniesRanked. https://companiesranked.com/en/compare/netflix-vs-warner-bros-discoveryBibTeX
@misc{companiesranked-en-compare-netflix-vs-warner-bros-discovery-2026,
author = {{CompaniesRanked}},
title = {{Netflix vs Warner Bros. Discovery}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/compare/netflix-vs-warner-bros-discovery}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.