Net Profit Margin
since 2008
Calculation
Warner Bros. Discovery Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) available to Discovery, Inc.1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 8.25% | = | 100 | × | 1,006) | ÷ | 12,191) |
| Dec 31, 2020 | 11.42% | = | 100 | × | 1,219) | ÷ | 10,671) |
| Dec 31, 2019 | 18.57% | = | 100 | × | 2,069) | ÷ | 11,144) |
| Dec 31, 2018 | 5.63% | = | 100 | × | 594) | ÷ | 10,553) |
| Dec 31, 2017 | -4.90% | = | 100 | × | (337) | ÷ | 6,873) |
| Dec 31, 2016 | 18.38% | = | 100 | × | 1,194) | ÷ | 6,497) |
| Dec 31, 2015 | 16.17% | = | 100 | × | 1,034) | ÷ | 6,394) |
| Dec 31, 2014 | 18.18% | = | 100 | × | 1,139) | ÷ | 6,265) |
| Dec 31, 2013 | 19.42% | = | 100 | × | 1,075) | ÷ | 5,535) |
| Dec 31, 2012 | 21.02% | = | 100 | × | 943) | ÷ | 4,487) |
| Dec 31, 2011 | 26.73% | = | 100 | × | 1,132) | ÷ | 4,235) |
| Dec 31, 2010 | 17.31% | = | 100 | × | 653) | ÷ | 3,773) |
| Dec 31, 2009 | 15.93% | = | 100 | × | 560) | ÷ | 3,516) |
| Dec 31, 2008 | 9.21% | = | 100 | × | 317) | ÷ | 3,443) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
Financial performance between 2008 and 2021 is characterized by consistent revenue expansion coupled with significant volatility in net profit margins. While total revenues grew from 3.44 billion US dollars to 12.19 billion US dollars over the period, the ability to convert these revenues into net income fluctuated substantially.
- Revenue Growth Patterns
- A sustained upward trajectory in revenues is observed from 2008 through 2021. A notable acceleration occurred between 2017 and 2018, during which revenues increased from 6.87 billion US dollars to 10.55 billion US dollars, marking one of the most significant year-over-year growth periods in the dataset.
- Net Profit Margin Evolution
- The net profit margin experienced an initial phase of strong growth, rising from 9.21% in 2008 to a peak of 26.73% in 2011. This was followed by a period of relative stability between 2012 and 2016, where the margin generally fluctuated between 16% and 21%.
- Analysis of Profitability Volatility
- A sharp divergence is evident in 2017, where the company recorded a net loss of 337 million US dollars, resulting in a negative net profit margin of -4.90%. This decline was followed by a recovery phase, with the margin returning to 5.63% in 2018 and rebounding strongly to 18.57% in 2019, the highest level observed since 2012.
- Recent Margin Compression
- In the final two years of the observed period, a downward trend in profitability is apparent. Despite revenues reaching a peak of 12.19 billion US dollars in 2021, the net profit margin contracted to 11.42% in 2020 and further to 8.25% in 2021, indicating a decrease in operational efficiency or an increase in costs relative to income generation.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Warner Bros. Discovery Inc., net profit margin, long-term trends, comparison to competitors
| Warner Bros. Discovery Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2021 | 8.25% | 29.51% | 12.17% | 33.38% | 17.23% | 2.96% |
| Dec 31, 2020 | 11.42% | 22.06% | 10.17% | 33.90% | 11.05% | -4.38% |
| Dec 31, 2019 | 18.57% | 21.22% | 11.99% | 26.15% | 9.26% | 15.89% |
| Dec 31, 2018 | 5.63% | 22.46% | 12.41% | 39.60% | 7.67% | 21.20% |
| Dec 31, 2017 | -4.90% | 11.42% | 26.87% | 39.20% | 4.78% | 16.29% |
| Dec 31, 2016 | 18.38% | 21.58% | 10.81% | 36.97% | 2.11% | 16.88% |
| Dec 31, 2015 | 16.17% | 21.80% | 10.96% | 20.57% | 1.81% | 15.98% |
| Dec 31, 2014 | 18.18% | 21.88% | 12.18% | 23.58% | 4.85% | 15.37% |
| Dec 31, 2013 | 19.42% | 21.60% | 10.54% | 19.05% | 2.57% | 13.62% |
| Dec 31, 2012 | 21.02% | 21.40% | 9.91% | 1.04% | 0.48% | 13.44% |
| Dec 31, 2011 | 26.73% | 25.69% | 7.45% | — | 7.06% | 11.76% |
| Dec 31, 2010 | 17.31% | 29.01% | 9.58% | — | 7.44% | 10.41% |
| Dec 31, 2009 | 15.93% | 27.57% | 10.17% | — | 6.94% | 9.15% |
| Dec 31, 2008 | 9.21% | 19.39% | 7.44% | — | 6.08% | 11.70% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Media & Entertainment)
Warner Bros. Discovery Inc., net profit margin, long-term trends, comparison to sector (media & entertainment)
| Warner Bros. Discovery Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2021 | 8.25% | 23.20% |
| Dec 31, 2020 | 11.42% | 17.27% |
| Dec 31, 2019 | 18.57% | 18.28% |
| Dec 31, 2018 | 5.63% | 21.63% |
| Dec 31, 2017 | -4.90% | 20.09% |
| Dec 31, 2016 | 18.38% | 18.25% |
| Dec 31, 2015 | 16.17% | 16.19% |
| Dec 31, 2014 | 18.18% | 16.64% |
| Dec 31, 2013 | 19.42% | 15.12% |
| Dec 31, 2012 | 21.02% | 13.86% |
| Dec 31, 2011 | 26.73% | 13.73% |
| Dec 31, 2010 | 17.31% | 15.13% |
| Dec 31, 2009 | 15.93% | 13.97% |
| Dec 31, 2008 | 9.21% | 11.85% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Communication Services)
Warner Bros. Discovery Inc., net profit margin, long-term trends, comparison to industry (communication services)
| Warner Bros. Discovery Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2021 | 8.25% | 18.71% |
| Dec 31, 2020 | 11.42% | 11.50% |
| Dec 31, 2019 | 18.57% | 14.63% |
| Dec 31, 2018 | 5.63% | 16.42% |
| Dec 31, 2017 | -4.90% | 19.83% |
| Dec 31, 2016 | 18.38% | 12.81% |
| Dec 31, 2015 | 16.17% | 12.78% |
| Dec 31, 2014 | 18.18% | 10.11% |
| Dec 31, 2013 | 19.42% | 12.57% |
| Dec 31, 2012 | 21.02% | 7.58% |
| Dec 31, 2011 | 26.73% | 6.73% |
| Dec 31, 2010 | 17.31% | 11.43% |
| Dec 31, 2009 | 15.93% | 9.07% |
| Dec 31, 2008 | 9.21% | 9.66% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).