Warner Bros. Studios Leavesden posted an 11% increase in revenue to £292 million ($390 million) for the year ended 2025, driven by the Harry Potter studio tour and higher production occupancy. The U.K. hub’s gross profit rose 10% to £200 million, though post-tax profit fell 15% after the tax charge more than doubled to £29 million from £14 million a year earlier.
Tour remains the engine
The “Making of Harry Potter” tour generated £185 million, accounting for 63% of total revenue, up from £177 million in the prior period. The filing attributes the gain to higher attendance and increased per-visitor spending across retail, food and add-on experiences such as photo packages.
Production capacity expands
Studio facilities, equipment and services revenue climbed to £107 million from £87 million, reflecting higher occupancy as the expansion program advances. Warner Bros. Discovery invested £263 million during the year on studio development and tour-related assets. The project will add 400,000 square feet and ten sound stages, lifting production capacity by more than 50%, with completion targeted for the second quarter of 2027.
High-profile tenants and a paused sequel
Current occupants include HBO’s “House of the Dragon,” “The Batman,” and the upcoming Harry Potter series slated for a Christmas debut. “The Batman 2” was also shooting at Leavesden before pausing last week after director Matt Reeves stepped away for a family matter.
Ownership transition noted in audit
The accounts, dated September 30, 2026 and filed at Companies House this week, were prepared while Warner Bros. Discovery was still being acquired by Skydance. Auditors flagged that the transaction’s impact on the studio’s future financial and operational framework could not be fully assessed before closing. The £111 billion deal completed on October 6.