• Warner Bros Discovery average return on tangible equity for 2023 was 19.39, a 28.41% increase from 2022.
• Warner Bros Discovery average return on tangible equity for 2022 was 15.1, a 203.99% increase from 2021.
• Warner Bros Discovery average return on tangible equity for 2021 was -14.52, a 3.46% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.