Warner Bros. Discovery WBD
NASDAQ WBD
$28.13 -0.13 (-0.44%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Warner Bros. Discovery's (WBD) quarterly EBITDA came in at $237.0 million in Q2 2026, up 228.11% on a YoY basis from $72.2 million in Q2 2025, and up 109.6% quarter-over-quarter from -$2.5 billion in Q1 2026.

Analysis

Warner Bros. Discovery (WBD) EBITDA (2009 - 2026) Analysis & Trends

Warner Bros. Discovery (WBD) has reported EBITDA for 18 consecutive years, with $237.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA rose 228.11% year-over-year to $237.0 million; the trailing twelve-month figure through Jun 2026 stood at -$1.3 billion (down 675.57% YoY), and the FY2025 full-year result was $1.8 billion, up 120.35% from the prior year.
  • EBITDA climbed to $237.0 million in Q2 2026 per WBD's latest filing, from -$2.5 billion in the prior quarter.
  • Across five years, EBITDA topped out at $611.0 million in Q3 2025 and bottomed at -$10.2 billion in Q2 2024.
  • Historically, EBITDA has averaged -$1.1 billion across 5 years, with a median of -$183.5 million in 2023.
  • The widest YoY moves for EBITDA: up 228.11% in 2026, down 6572.97% in 2026.
  • Over 5 years, EBITDA stood at -$1.9 billion in 2022, then jumped by 90.39% to -$182.0 million in 2023, then jumped by 189.01% to $162.0 million in 2024, then soared by 115.43% to $349.0 million in 2025, then tumbled by 32.09% to $237.0 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered $237.0 million, -$2.5 billion, and $349.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Warner Bros. Discovery 70.72 Bn 67.35 Bn 4.10 Bn 237.00 Mn
2 Fox 25.12 Bn 20.92 Bn - 921.00 Mn
3 Paramount Skydance 11.97 Bn 8.70 Bn -2.08 Bn -1.29 Bn
4 Versant Media 5.38 Bn 3.90 Bn 994.00 Mn 367.00 Mn
5 Nexstar Media 5.15 Bn 4.94 Bn 1.06 Bn 362.00 Mn
6 Newsmax 1.39 Bn 1.34 Bn 23.33 Mn 1.83 Mn
7 AMC Global Media 520.06 Mn 56.06 Mn 258.71 Mn 15.85 Mn
8 Gray Media 470.89 Mn 294.89 Mn 270.00 Mn 170.00 Mn
9 Starz Entertainment 435.29 Mn 333.19 Mn - -
10 E.W. Scripps 296.07 Mn 283.02 Mn 196.33 Mn -1.14 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 237.00 Mn
Mar 31, 2026 -2.47 Bn
Dec 31, 2025 349.00 Mn
Sep 30, 2025 611.00 Mn
Jun 30, 2025 -185.00 Mn
Mar 31, 2025 -37.00 Mn
Dec 31, 2024 162.00 Mn
Sep 30, 2024 281.00 Mn
Jun 30, 2024 -10.21 Bn
Mar 31, 2024 -267.00 Mn
Dec 31, 2023 -182.00 Mn
Sep 30, 2023 97.00 Mn
Jun 30, 2023 -906.00 Mn
Mar 31, 2023 -557.00 Mn
Dec 31, 2022 -1.89 Bn
Sep 30, 2022 -2.19 Bn
Jun 30, 2022 -3.64 Bn
Mar 31, 2022 353.00 Mn
Dec 31, 2021 508.00 Mn
Sep 30, 2021 329.00 Mn