• Warner Bros Discovery average gross margin for 2023 was 38.84%, a 18.45% increase from 2022.
• Warner Bros Discovery average gross margin for 2022 was 47.63%, a 23.69% decline from 2021.
• Warner Bros Discovery average gross margin for 2021 was 62.42%, a 4.01% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.