Warner Bros. Studios Leavesden, the studio's flagship UK production facility, increased revenue by 11% year over year to £292 million ($390 million) in the year ending 2025, according to newly filed financial accounts. The figure rose from £264 million in the prior year, as the site just outside London continued to draw both production work and paying visitors.
Gross profit also grew, climbing 10% from £182 million to £200 million. The results underscore the dual role the Leavesden complex plays for Warner Bros. Discovery: it is both a working production hub for film and television and a tourist destination anchored by the Warner Bros. Studio Tour London – The Making of Harry Potter, which has become a durable revenue source since it opened more than a decade ago.
The revenue gain reflects increased production activity at the site, which hosts a range of Warner Bros. film and television projects as well as third-party productions. Leavesden has been the production home for the Harry Potter film series and its spin-off Fantastic Beasts films, and more recently has housed major tentpole productions that require large soundstages and backlot space. The studio tour, meanwhile, gives the public access to original sets, costumes, and props from the Harry Potter films, and its steady attendance provides a revenue stream that is less cyclical than production schedules.
The accounts cover a period in which the UK film and television production sector has faced mixed conditions. While global streaming platforms have pulled back on content spending after years of rapid expansion, the UK has remained a leading destination for large-scale productions, supported by generous tax incentives and a deep pool of crew and facilities. Leavesden's performance suggests that demand for premium stage space and established studio infrastructure has held up better than overall content budgets.
Warner Bros. Discovery has invested in the Leavesden site in recent years, expanding stage capacity and upgrading facilities to accommodate more productions simultaneously. The company has also leaned on the Harry Potter brand across its businesses, from the studio tour to the upcoming HBO television adaptation of the books, which is expected to film in the UK and could further raise the profile of the Leavesden complex.
The financial disclosure offers a rare look at the economics of a single major studio facility. While revenue and gross profit both rose, the accounts do not detail operating profit or the split between production services and tourism income. Still, the double-digit growth places Leavesden among the stronger-performing assets in Warner Bros. Discovery's global studio portfolio at a time when the company has been restructuring its operations and seeking to reduce debt.
For the UK production ecosystem, the results are a signal that Leavesden remains a magnet for big-budget shoots. Competing facilities in and around London, including Pinewood and Shepperton, have also benefited from international demand, but Leavesden's association with one of the world's most valuable entertainment franchises gives it a distinct advantage in attracting visitors as well as filmmakers.
The studio tour has been particularly important during periods when production activity slows, providing a steady stream of ticket revenue from tourists visiting from the UK and abroad. That combination of production and tourism has helped Leavesden weather shifts in the entertainment industry that have affected studios reliant solely on stage rentals.
Warner Bros. Studios Leavesden did not publicly comment on the accounts beyond the filings. The figures cover the year ending 2025 and are the latest available for the UK entity.