NetherRealm Studios

2 games. Part of Warner Bros. Games. Warner Bros. Discovery · NASDAQ: WBD

Follow NetherRealm Studios

On Steam nowNot on SteamNone of its games has a Steam player count

New builds, 7 days0watching 1 product

Layoffs declared, 12 months0No WARN notices in the US states we read

Latest resultsAug 6SEC 10-Q · Reported by Warner Bros. Discovery

Open rolesNo public feedNo public hiring feed we can read

Latest on NetherRealm Studios

No stories about NetherRealm Studios yet.

Results

NetherRealm Studios doesn't file with the SEC under its own name. Every figure here is Warner Bros. Discovery's, for the whole company.

Revenue$37.3 billionYear to Dec 31, 2025 · −5.15% year over year

Operating income$738 millionYear to Dec 31, 2025 · +107.36% year over year

Net income$727 millionYear to Dec 31, 2025 · +106.43% year over year

Annual revenue

Year to Dec 31, 2018$10.55 billion

Year to Dec 31, 2019$11.14 billion

Year to Dec 31, 2020$10.67 billion

Year to Dec 31, 2021$12.19 billion

Year to Dec 31, 2022$33.82 billion

Year to Dec 31, 2023$41.32 billion

Year to Dec 31, 2024$39.32 billion

Year to Dec 31, 2025$37.3 billion

Annual net income

Year to Dec 31, 2018$594 million

Year to Dec 31, 2019$2.07 billion

Year to Dec 31, 2020$1.22 billion

Year to Dec 31, 2021$1.01 billion

Year to Dec 31, 2022−$7.37 billion

Year to Dec 31, 2023−$3.13 billion

Year to Dec 31, 2024−$11.31 billion

Year to Dec 31, 2025$727 million

Recent quarters

Quarter endedRevenue

Sep 30, 2024$9.62 billion

Dec 31, 2024In the annual report

Mar 31, 2025$8.98 billion

Jun 30, 2025$9.81 billion

Sep 30, 2025$9.05 billion

Dec 31, 2025In the annual report

Mar 31, 2026$8.89 billion

Jun 30, 2026$8.72 billion

A company reports its fourth quarter inside the annual report, not on its own, so those rows show no figure.

SEC EDGAR XBRL financial data · filed Aug 6, 2026

Share price, Warner Bros. Discovery

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Prices by TradingView

Where the cash went

Key concepts: Buyback Dividend Dilution Stock-based pay Impairment

NetherRealm Studios doesn't file with the SEC under its own name. Every figure here is Warner Bros. Discovery's, for the whole company.

Operating cash flow

Year to Dec 31, 2018$2.58 billion

Year to Dec 31, 2019$3.4 billion

Year to Dec 31, 2020$2.74 billion

Year to Dec 31, 2021$2.8 billion

Year to Dec 31, 2022$4.3 billion

Year to Dec 31, 2023$7.48 billion

Year to Dec 31, 2024$5.38 billion

Year to Dec 31, 2025$4.32 billion

Buybacks

Nothing published for the year to Dec 31, 2025. Last on file: $0, year to Dec 31, 2018.

Acquisitions

$0 · Year to Dec 31, 2025

Capex

$1.23 billion · Year to Dec 31, 2025

Restructuring

$399 million · Year to Dec 31, 2025

Stock pay against buybacks, and diluted shares

Stock pay

Year to Dec 31, 2018$80 million

Year to Dec 31, 2019$142 million

Year to Dec 31, 2020$110 million

Year to Dec 31, 2021$178 million

Year to Dec 31, 2022$412 million

Year to Dec 31, 2023$500 million

Year to Dec 31, 2024$557 million

Year to Dec 31, 2025$769 million

Buybacks

Year to Dec 31, 2011$997 million

Year to Dec 31, 2012$1.38 billion

Year to Dec 31, 2013$1.05 billion

Year to Dec 31, 2014$1.23 billion

Year to Dec 31, 2015$698 million

Year to Dec 31, 2016$1.37 billion

Year to Dec 31, 2017$603 million

Year to Dec 31, 2018$0

The 7 years to Dec 31, 2025 aren't published.

Diluted shares outstanding

Goodwill impairments

Year to Dec 31, 2017$1.33 billionSEC EDGAR ↗
Year to Dec 31, 2019$155 millionSEC EDGAR ↗
Year to Dec 31, 2020$121 millionSEC EDGAR ↗
Year to Dec 31, 2024$9.15 billionSEC EDGAR ↗

Stock pay ÷ revenue stock_pay / revenue: 2.1% 10-K FY to Dec 31, 2025
Buybacks ÷ operating cash flow buybacks / operating_cash_flow: 0.0% 10-K FY to Dec 31, 2018

Events we recorded, same window

1M 3M 12M 5Y

Zoom out to peers

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Prices by TradingView

NetherRealm Studios · Builds 2

NetherRealm Studios · Layoffs 5

Events we recorded for NetherRealm Studios, 5Y
NetherRealm Studios · Builds	Wed Jul 22 · 14:01 UTC: Mortal Kombat Mobile · 7.3.0; Wed Oct 14 · 15:02 UTC: Mortal Kombat Mobile · 7.4.0
NetherRealm Studios · Layoffs	Tue Feb 25: Warner Bros. Discovery, Inc. · WA; Tue Feb 25: WB Games Inc. and WarnerMedia Services, LLC · CA; Wed Jul 30: Warner Bros. Discovery, Inc. (200) · CA; Wed Jul 30: Warner Bros. Discovery, Inc. (100) · CA; Wed Jul 30: Warner Bros. Discovery, Inc. (4000) · CA

Prices by TradingView, not our own data. This never says why a price moved.

Timeline

studio nameddivision not namednot collected yet

Filings 3

Layoffs 0 Builds 1

Steam players

Job postings

NetherRealm Studios: filings, layoffs, builds, Steam players and job postings, 90d
Filings	Tue Oct 6: Warner Bros. Discovery 8-K · material agreement, agreement ended, acquisition or sale of assets, new financial obligation, delisting or listing change, change to security holders' rights, change in control, officers, directors or their pay, charter, bylaws or fiscal year change, other events; Thu Aug 6: Warner Bros. Discovery 10-Q; Thu Aug 6: Warner Bros. Discovery 8-K · results, reg fd disclosure
Layoffs	No data
Builds	Wed Oct 14 · 15:02 UTC: Mortal Kombat Mobile · 7.4.0
Steam players	Fri Oct 9 · 02:00 UTC: 1097; Fri Oct 9 · 03:00 UTC: 1022; Fri Oct 9 · 04:00 UTC: 919; Fri Oct 9 · 05:00 UTC: 813; Fri Oct 9 · 06:00 UTC: 706; Fri Oct 9 · 07:00 UTC: 670; Fri Oct 9 · 08:00 UTC: 642; Fri Oct 9 · 09:00 UTC: 765; Fri Oct 9 · 11:00 UTC: 838; Fri Oct 9 · 12:00 UTC: 933; Fri Oct 9 · 13:00 UTC: 1117; Fri Oct 9 · 16:00 UTC: 1468; Sat Oct 10 · 15:00 UTC: 1622; Mon Oct 12 · 08:00 UTC: 627; Mon Oct 12 · 09:00 UTC: 645; Mon Oct 12 · 10:00 UTC: 688; Mon Oct 12 · 11:00 UTC: 737; Mon Oct 12 · 12:00 UTC: 827; Mon Oct 12 · 13:00 UTC: 994; Mon Oct 12 · 14:00 UTC: 1181; Mon Oct 12 · 15:00 UTC: 1281; Mon Oct 12 · 16:00 UTC: 1353; Mon Oct 12 · 17:00 UTC: 1524; Mon Oct 12 · 18:00 UTC: 1479; Mon Oct 12 · 19:00 UTC: 1506; Mon Oct 12 · 20:00 UTC: 1403; Tue Oct 13 · 07:00 UTC: 551; Tue Oct 13 · 08:00 UTC: 577; Tue Oct 13 · 09:00 UTC: 600; Tue Oct 13 · 10:00 UTC: 683; Tue Oct 13 · 12:00 UTC: 739; Tue Oct 13 · 13:00 UTC: 829; Tue Oct 13 · 14:00 UTC: 982; Tue Oct 13 · 15:00 UTC: 1081; Tue Oct 13 · 16:00 UTC: 1115; Tue Oct 13 · 17:00 UTC: 1204; Tue Oct 13 · 18:00 UTC: 1251; Tue Oct 13 · 19:00 UTC: 1211; Tue Oct 13 · 20:00 UTC: 1162; Tue Oct 13 · 21:00 UTC: 1156; Tue Oct 13 · 22:00 UTC: 835; Tue Oct 13 · 23:00 UTC: 987; Wed Oct 14 · 00:00 UTC: 982; Wed Oct 14 · 01:00 UTC: 921; Wed Oct 14 · 02:00 UTC: 930; Wed Oct 14 · 03:00 UTC: 816; Wed Oct 14 · 04:00 UTC: 764; Wed Oct 14 · 05:00 UTC: 669; Wed Oct 14 · 06:00 UTC: 563; Wed Oct 14 · 07:00 UTC: 535; Wed Oct 14 · 08:00 UTC: 521; Wed Oct 14 · 09:00 UTC: 570; Wed Oct 14 · 10:00 UTC: 608; Wed Oct 14 · 11:00 UTC: 703; Wed Oct 14 · 12:00 UTC: 782; Wed Oct 14 · 13:00 UTC: 923; Wed Oct 14 · 14:00 UTC: 1015; Wed Oct 14 · 15:00 UTC: 1124; Wed Oct 14 · 16:00 UTC: 1190; Wed Oct 14 · 17:00 UTC: 1179; Wed Oct 14 · 18:00 UTC: 1311; Wed Oct 14 · 19:00 UTC: 1201; Wed Oct 14 · 20:00 UTC: 1116; Wed Oct 14 · 21:00 UTC: 1059; Wed Oct 14 · 22:00 UTC: 1002; Wed Oct 14 · 23:00 UTC: 942; Thu Oct 15 · 00:00 UTC: 937; Thu Oct 15 · 01:00 UTC: 887; Thu Oct 15 · 02:00 UTC: 882; Thu Oct 15 · 03:00 UTC: 793; Thu Oct 15 · 04:00 UTC: 708; Thu Oct 15 · 05:00 UTC: 640; Thu Oct 15 · 06:00 UTC: 515; Thu Oct 15 · 08:00 UTC: 531; Thu Oct 15 · 09:00 UTC: 523; Thu Oct 15 · 10:00 UTC: 550; Thu Oct 15 · 11:00 UTC: 635; Thu Oct 15 · 12:00 UTC: 780; Thu Oct 15 · 13:00 UTC: 832; Thu Oct 15 · 14:00 UTC: 994; Thu Oct 15 · 15:00 UTC: 1042; Thu Oct 15 · 16:00 UTC: 1140; Thu Oct 15 · 17:00 UTC: 1153; Thu Oct 15 · 18:00 UTC: 1229; Thu Oct 15 · 19:00 UTC: 1248; Thu Oct 15 · 20:00 UTC: 1167; Thu Oct 15 · 21:00 UTC: 1172; Thu Oct 15 · 22:00 UTC: 1131; Thu Oct 15 · 23:00 UTC: 1129; Fri Oct 16 · 00:00 UTC: 1095; Fri Oct 16 · 01:00 UTC: 1064; Fri Oct 16 · 02:00 UTC: 1069; Fri Oct 16 · 03:00 UTC: 987; Fri Oct 16 · 04:00 UTC: 877; Fri Oct 16 · 05:00 UTC: 760; Fri Oct 16 · 06:00 UTC: 594; Fri Oct 16 · 07:00 UTC: 632; Fri Oct 16 · 08:00 UTC: 646; Fri Oct 16 · 09:00 UTC: 693; Fri Oct 16 · 10:00 UTC: 797; Fri Oct 16 · 11:00 UTC: 931; Fri Oct 16 · 12:00 UTC: 998; Fri Oct 16 · 13:00 UTC: 1198; Fri Oct 16 · 14:00 UTC: 1369; Fri Oct 16 · 15:00 UTC: 1468; Fri Oct 16 · 16:00 UTC: 1500; Fri Oct 16 · 18:00 UTC: 1603; Fri Oct 16 · 19:00 UTC: 1603; Fri Oct 16 · 20:00 UTC: 0; Fri Oct 16 · 21:00 UTC: 1687; Fri Oct 16 · 22:00 UTC: 1493; Fri Oct 16 · 23:00 UTC: 1494; Sat Oct 17 · 00:00 UTC: 1462; Sat Oct 17 · 01:00 UTC: 1439; Sat Oct 17 · 02:00 UTC: 1524; Sat Oct 17 · 03:00 UTC: 1418; Sat Oct 17 · 04:00 UTC: 1355; Sat Oct 17 · 05:00 UTC: 1278; Sat Oct 17 · 06:00 UTC: 1151; Sat Oct 17 · 07:00 UTC: 1071; Sat Oct 17 · 08:00 UTC: 1092; Sat Oct 17 · 09:00 UTC: 1162; Sat Oct 17 · 10:00 UTC: 1206; Sat Oct 17 · 11:00 UTC: 1411; Sat Oct 17 · 12:00 UTC: 1547; Sat Oct 17 · 13:00 UTC: 1723; Sat Oct 17 · 14:00 UTC: 1928; Sat Oct 17 · 15:00 UTC: 2129; Sat Oct 17 · 16:00 UTC: 2222; Sat Oct 17 · 17:00 UTC: 2394; Sat Oct 17 · 18:00 UTC: 2486; Sat Oct 17 · 19:00 UTC: 2429; Sat Oct 17 · 20:00 UTC: 2383; Sat Oct 17 · 21:00 UTC: 2195; Sat Oct 17 · 22:00 UTC: 2081; Sun Oct 18 · 01:00 UTC: 1931; Mon Oct 19 · 08:00 UTC: 842; Mon Oct 19 · 09:00 UTC: 923; Mon Oct 19 · 10:00 UTC: 937; Mon Oct 19 · 11:00 UTC: 1106; Mon Oct 19 · 12:00 UTC: 1216; Mon Oct 19 · 13:00 UTC: 1359; Mon Oct 19 · 14:00 UTC: 1540; Mon Oct 19 · 15:00 UTC: 1715; Mon Oct 19 · 16:00 UTC: 1882; Mon Oct 19 · 17:00 UTC: 1950; Mon Oct 19 · 18:00 UTC: 2016; Mon Oct 19 · 19:00 UTC: 2045; Mon Oct 19 · 20:00 UTC: 1957; Mon Oct 19 · 21:00 UTC: 1776; Mon Oct 19 · 22:00 UTC: 1671; Mon Oct 19 · 23:00 UTC: 1605; Tue Oct 20 · 00:00 UTC: 1598; Tue Oct 20 · 01:00 UTC: 1605; Tue Oct 20 · 02:00 UTC: 1460; Tue Oct 20 · 03:00 UTC: 1293; Tue Oct 20 · 04:00 UTC: 1206; Tue Oct 20 · 05:00 UTC: 988; Tue Oct 20 · 06:00 UTC: 866; Tue Oct 20 · 07:00 UTC: 807; Tue Oct 20 · 08:00 UTC: 821; Tue Oct 20 · 09:00 UTC: 0; Tue Oct 20 · 10:00 UTC: 967; Tue Oct 20 · 11:00 UTC: 1088; Tue Oct 20 · 12:00 UTC: 1289; Tue Oct 20 · 13:00 UTC: 1446; Tue Oct 20 · 14:00 UTC: 1587; Tue Oct 20 · 16:00 UTC: 1679; Tue Oct 20 · 17:00 UTC: 1831; Tue Oct 20 · 18:00 UTC: 1879; Tue Oct 20 · 19:00 UTC: 1902; Tue Oct 20 · 20:00 UTC: 1750; Tue Oct 20 · 21:00 UTC: 1675; Tue Oct 20 · 22:00 UTC: 1613; Tue Oct 20 · 23:00 UTC: 1523; Wed Oct 21 · 00:00 UTC: 1500; Wed Oct 21 · 01:00 UTC: 1470; Wed Oct 21 · 02:00 UTC: 1451; Wed Oct 21 · 03:00 UTC: 1307; Wed Oct 21 · 04:00 UTC: 1148; Wed Oct 21 · 05:00 UTC: 1037; Wed Oct 21 · 06:00 UTC: 868; Wed Oct 21 · 07:00 UTC: 780; Wed Oct 21 · 08:00 UTC: 777; Wed Oct 21 · 09:00 UTC: 794; Wed Oct 21 · 10:00 UTC: 879; Wed Oct 21 · 11:00 UTC: 968; Wed Oct 21 · 12:00 UTC: 1135; Wed Oct 21 · 13:00 UTC: 1357; Wed Oct 21 · 14:00 UTC: 1517; Wed Oct 21 · 15:00 UTC: 1635; Wed Oct 21 · 16:00 UTC: 1638; Wed Oct 21 · 17:00 UTC: 1812; Wed Oct 21 · 18:00 UTC: 1863; Wed Oct 21 · 19:00 UTC: 1750; Wed Oct 21 · 20:00 UTC: 1613; Wed Oct 21 · 22:00 UTC: 1491; Wed Oct 21 · 23:00 UTC: 1455; Thu Oct 22 · 00:00 UTC: 1486; Thu Oct 22 · 01:00 UTC: 1460; Thu Oct 22 · 02:00 UTC: 1432; Thu Oct 22 · 03:00 UTC: 1355; Thu Oct 22 · 04:00 UTC: 1154; Thu Oct 22 · 05:00 UTC: 1065; Thu Oct 22 · 06:00 UTC: 844; Thu Oct 22 · 07:00 UTC: 756; Thu Oct 22 · 08:00 UTC: 738; Thu Oct 22 · 09:00 UTC: 782; Thu Oct 22 · 10:00 UTC: 881; Thu Oct 22 · 11:00 UTC: 988; Thu Oct 22 · 12:00 UTC: 1136; Thu Oct 22 · 13:00 UTC: 1271; Thu Oct 22 · 14:00 UTC: 1424; Thu Oct 22 · 15:00 UTC: 1584; Thu Oct 22 · 16:00 UTC: 1712; Thu Oct 22 · 17:00 UTC: 1818; Thu Oct 22 · 18:00 UTC: 1837; Thu Oct 22 · 19:00 UTC: 1792; Thu Oct 22 · 20:00 UTC: 1685; Thu Oct 22 · 21:00 UTC: 1550; Thu Oct 22 · 22:00 UTC: 1447; Thu Oct 22 · 23:00 UTC: 1471; Fri Oct 23 · 00:00 UTC: 1456; Fri Oct 23 · 01:00 UTC: 1434; Fri Oct 23 · 02:00 UTC: 1328; Fri Oct 23 · 03:00 UTC: 1202; Fri Oct 23 · 05:00 UTC: 1040; Fri Oct 23 · 06:00 UTC: 888; Fri Oct 23 · 07:00 UTC: 833; Fri Oct 23 · 08:00 UTC: 794; Fri Oct 23 · 09:00 UTC: 834; Fri Oct 23 · 10:00 UTC: 895; Fri Oct 23 · 11:00 UTC: 1018; Fri Oct 23 · 12:00 UTC: 1165; Fri Oct 23 · 13:00 UTC: 1325; Fri Oct 23 · 14:00 UTC: 1501; Fri Oct 23 · 15:00 UTC: 1686; Fri Oct 23 · 16:00 UTC: 1798; Fri Oct 23 · 17:00 UTC: 1793; Fri Oct 23 · 18:00 UTC: 1868; Fri Oct 23 · 19:00 UTC: 1910; Fri Oct 23 · 20:00 UTC: 1807; Fri Oct 23 · 21:00 UTC: 1693; Fri Oct 23 · 22:00 UTC: 1598; Fri Oct 23 · 23:00 UTC: 1539; Sat Oct 24 · 00:00 UTC: 1444; Sat Oct 24 · 01:00 UTC: 1459; Sat Oct 24 · 02:00 UTC: 1461; Sat Oct 24 · 03:00 UTC: 1360; Sat Oct 24 · 04:00 UTC: 1227; Sat Oct 24 · 05:00 UTC: 1129; Sat Oct 24 · 06:00 UTC: 999; Sat Oct 24 · 07:00 UTC: 959; Sat Oct 24 · 08:00 UTC: 1009; Sat Oct 24 · 09:00 UTC: 1108; Sat Oct 24 · 10:00 UTC: 1241; Sat Oct 24 · 11:00 UTC: 1350; Sat Oct 24 · 13:00 UTC: 1449; Sat Oct 24 · 14:00 UTC: 1669; Sat Oct 24 · 15:00 UTC: 1892
Job postings	No public hiring feed we can read

Filings are Warner Bros. Discovery's: NetherRealm Studios doesn't file with the SEC under its own name.

Games

versions from the App Store · players: data from Steam

GameLive versionPlayers

Mortal Kombat 1——

Mortal Kombat Mobile7.4.0not on Steam