Warner Bros. Discovery (WBD) Divestments (2012 - 2025)

Warner Bros. Discovery (WBD) reported Divestments of -$12.0 million for Q3 2025, down 103.7% on a YoY basis from $324.0 million in Q3 2024, and down 118.18% quarter-over-quarter from $66.0 million in Q1 2025.

Warner Bros. Discovery (WBD) Divestments (2012 - 2025) Analysis & Trends

Warner Bros. Discovery has reported Divestments for 13 years, with the latest figure at -$12.0 million in Q3 2025.

  • For the quarter ending Q3 2025, Divestments fell 103.7% year-over-year to -$12.0 million; the trailing twelve-month figure through Mar 2026 stood at -$12.0 million (down 101.98% YoY), and the FY2025 full-year result was $54.0 million, down 90.02% from the prior year.
  • Divestments for Q3 2025 stood at -$12.0 million, down from $66.0 million in the prior quarter.
  • The five-year high for Divestments was $324.0 million in Q3 2024, with the low at -$12.0 million in Q3 2025.
  • Historically, Divestments has averaged $136.4 million across 4 years, with a median of $139.0 million in 2022.
  • Annual changes were most pronounced in 2021 — Divestments soared 7400.0% — and 2025, when it sank 103.7%.
  • Warner Bros. Discovery's Divestments stood at $101.0 million in 2021, then soared by 42.57% to $144.0 million in 2022, then surged by 50.69% to $217.0 million in 2024, then plunged by 105.53% to -$12.0 million in 2025.
  • The last three Divestments figures came in at -$12.0 million (Q3 2025), $66.0 million (Q1 2025), and $217.0 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Divestments (Qtr)
1 Netflix 327.69 Bn 315.40 Bn 11.41 Bn -
2 Walt Disney 184.70 Bn 191.31 Bn 23.68 Bn -
3 Warner Bros. Discovery 65.23 Bn 63.09 Bn 4.25 Bn -
4 Brera Holdings 53.07 Bn 53.07 Bn - -33,000.00
5 Live Nation Entertainment 39.71 Bn 31.25 Bn 1.31 Bn -
6 Liberty Media 21.13 Bn 21.80 Bn 298.00 Mn -
7 Fox 20.41 Bn 16.92 Bn - -
8 Roku 20.39 Bn 18.01 Bn 564.94 Mn -
9 News 15.92 Bn 14.45 Bn - 3.00 Mn
10 TKO Group Holdings 15.40 Bn 13.70 Bn 862.52 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2025 -12.00 Mn
Mar 31, 2025 66.00 Mn
Dec 31, 2024 217.00 Mn
Sep 30, 2024 324.00 Mn
Dec 31, 2022 144.00 Mn
Sep 30, 2022 23.00 Mn
Jun 30, 2022 139.00 Mn
Dec 31, 2021 101.00 Mn
Sep 30, 2021 150.00 Mn
Jun 30, 2021 74.00 Mn
Mar 31, 2021 274.00 Mn
Dec 31, 2020 2.00 Mn
Sep 30, 2020 2.00 Mn
Jun 30, 2020 65.00 Mn
Dec 31, 2019 8.00 Mn
Sep 30, 2019 12.00 Mn
Dec 31, 2018 -107.00 Mn
Sep 30, 2018 107.00 Mn
Dec 31, 2017 -9.00 Mn
Sep 30, 2017 20.00 Mn