Warner Bros. Discovery (WBD) EBITDA (2009 - 2026)

Warner Bros. Discovery has reported EBITDA for 18 years, with the latest figure at -$2.5 billion in Q1 2026.

• For the quarter ending Q1 2026, EBITDA fell 6572.97% year-over-year to -$2.5 billion; the trailing twelve-month figure through Mar 2026 stood at -$1.7 billion (up 82.72% YoY), and the FY2025 full-year result was $1.8 billion, up 120.35% from the prior year.
• EBITDA for Q1 2026 stood at -$2.5 billion, down from $349.0 million in the prior quarter.
• The five-year high for EBITDA was $611.0 million in Q3 2025, with the low at -$10.2 billion in Q2 2024.
• Historically, EBITDA has averaged -$1.2 billion across 5 years, with a median of -$185.0 million in 2025.
• Annual changes were most pronounced in 2024 — EBITDA jumped 189.69% — and 2026, when it plunged 6572.97%.
• Warner Bros. Discovery's EBITDA stood at -$1.9 billion in 2022, then surged by 90.39% to -$182.0 million in 2023, then surged by 189.01% to $162.0 million in 2024, then jumped by 115.43% to $349.0 million in 2025, then tumbled by 807.45% to -$2.5 billion in 2026.
• The last three EBITDA figures came in at -$2.5 billion (Q1 2026), $349.0 million (Q4 2025), and $611.0 million (Q3 2025), per Business Quant data.