Warner Bros. Discovery (WBD) EBITDA (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly EBITDA came in at -$2.5 billion in Q1 2026, down 6572.97% YoY from $38.1 million in Q1 2025, and down 807.45% on a QoQ basis from $349.0 million in Q4 2025.
Warner Bros. Discovery (WBD) EBITDA (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of EBITDA data on file, last reported at -$2.5 billion in Q1 2026.
- Quarterly EBITDA fell 6572.97% year-over-year to -$2.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.7 billion (up 82.72% YoY) and the FY2025 annual result came in at $738.0 million, up 107.36% from the prior year.
- EBITDA retreated to -$2.5 billion in Q1 2026, from $349.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $611.0 million in Q3 2025 to a low of -$10.2 billion in Q2 2024.
- A 5-year average of -$1.2 billion and a median of -$185.0 million in 2025 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA jumped 189.69% — and 2026, when it plunged 6572.97%.
- Tracing WBD's EBITDA over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | -8.91 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 237.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 521.92 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 1.02 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 88.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 146.18 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 335.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 429.81 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -1.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |