• Warner Bros Discovery average ebitda margin for 2023 was 48.45%, a 3.39% decline from 2022.
• Warner Bros Discovery average ebitda margin for 2022 was 50.15%, a 15.01% decline from 2021.
• Warner Bros Discovery average ebitda margin for 2021 was 59.01%, a 9.91% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.