Warner Bros. Discovery (WBD) Capital Expenditures (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Capital Expenditures came in at $268.0 million in Q1 2026, up 6.77% YoY from $251.0 million in Q1 2025, and down 36.34% on a QoQ basis from $421.0 million in Q4 2025.
Warner Bros. Discovery (WBD) Capital Expenditures (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of Capital Expenditures data on file, last reported at $268.0 million in Q1 2026.
- Quarterly Capital Expenditures rose 6.77% year-over-year to $268.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 24.3% YoY) and the FY2025 annual result came in at $1.2 billion, up 29.85% from the prior year.
- Capital Expenditures slipped to $268.0 million in Q1 2026, from $421.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $457.0 million in Q3 2023 to a low of $85.0 million in Q1 2022.
- A 5-year average of $279.4 million and a median of $278.0 million in 2025 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures soared 264.0% — and 2024, when it slumped 52.95%.
- Tracing WBD's Capital Expenditures over 5 years: stood at $364.0 million in 2022, then retreated by 26.37% to $268.0 million in 2023, then gained by 6.72% to $286.0 million in 2024, then soared by 47.2% to $421.0 million in 2025, then tumbled by 36.34% to $268.0 million in 2026.
- The last three Capital Expenditures figures came in at $268.0 million (Q1 2026), $421.0 million (Q4 2025), and $278.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 218.64 Mn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 1.79 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 276.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 289.52 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 141.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | -11.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 11.65 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 146.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 45.59 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 14.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 276.00 Mn |
| Jun 30, 2026 | 276.00 Mn |
| Mar 31, 2026 | 268.00 Mn |
| Mar 31, 2026 | 268.00 Mn |
| Dec 31, 2025 | 421.00 Mn |
| Dec 31, 2025 | 421.00 Mn |
| Sep 30, 2025 | 278.00 Mn |
| Sep 30, 2025 | 278.00 Mn |
| Jun 30, 2025 | 281.00 Mn |
| Jun 30, 2025 | 281.00 Mn |
| Mar 31, 2025 | 251.00 Mn |
| Mar 31, 2025 | 251.00 Mn |
| Dec 31, 2024 | 286.00 Mn |
| Dec 31, 2024 | 286.00 Mn |
| Sep 30, 2024 | 215.00 Mn |
| Sep 30, 2024 | 215.00 Mn |
| Jun 30, 2024 | 252.00 Mn |
| Jun 30, 2024 | 252.00 Mn |
| Mar 31, 2024 | 195.00 Mn |
| Mar 31, 2024 | 195.00 Mn |