Warner Bros. Discovery (XTER:J5A) EBIT : €-8,938 Mil (TTM As of Sep. 2024)

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What is Warner Bros. Discovery EBIT?

Warner Bros. Discovery's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €285 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €-8,938 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Warner Bros. Discovery's annualized ROC % for the quarter that ended in Sep. 2024 was -0.93%. Warner Bros. Discovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Warner Bros. Discovery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -14.08%.

Warner Bros. Discovery EBIT Historical Data

The historical data trend for Warner Bros. Discovery's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Warner Bros. Discovery EBIT Chart

Warner Bros. Discovery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,673.90

1,953.07

1,828.41

-6,780.75

-1,505.71

Warner Bros. Discovery Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															39.35	-101.79	-279.68	-8,841.29	284.72

Competitive Comparison of Warner Bros. Discovery's EBIT

For the Entertainment subindustry, Warner Bros. Discovery's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Warner Bros. Discovery's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Warner Bros. Discovery's EV-to-EBIT falls into.

Warner Bros. Discovery EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8,938 Mil.

Warner Bros. Discovery (XTER:J5A) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Warner Bros. Discovery's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	1063.18 * ( 1 - 179.21% )	/	( (93169.41	+	88659.301)	/ 2 )
=	-842.144878	/	90914.3555
=	-0.93 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	100358.941	-	11219.533	-	( 3356.477	-	max(0, 16506.472	-	12476.47	+	3356.477	))
=	93169.41

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	95806.033	-	10020.922	-	( 3005.736	-	max(0, 14141.195	-	11267.005	+	3005.736	))
=	88659.301

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Warner Bros. Discovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1138.864	/	( ( (5613.947 + max(-3977.978, 0))	+	(5548.358 + max(-3138.183, 0)) )	/	2 )
=	1138.864	/	( ( 5613.947	+	5548.358 )	/	2 )
=	1138.864	/	5581.1525
=	20.41 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5728.214	+	0	+	3391.779)	-	(11219.533	+	1878.438	+	0)
=	-3977.978

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4986.134	+	0	+	3275.135)	-	(10020.922	+	1378.53	+	-1.8189894035459E-12)
=	-3138.183

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Warner Bros. Discovery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-8938.044	/	63480.676
	=	-14.08 %

Warner Bros. Discovery EBIT Related Terms

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Warner Bros. Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Bros. Discovery Inc (XTER:J5A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WBD:USA 1WBD:Italy J5A:Germany J5A:Germany J5A:Germany W1BD34:Brazil

Address

230 Park Avenue South, New York, NY, USA, 10003

Website

https://www.wbd.com

Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.

Warner Bros. Discovery Headlines

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