Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026)
Warner Bros. Discovery (WBD) posted EBITDA Margin of 27.76% for Q1 2026, down 852.56% on a QoQ basis from 3.69% in Q4 2025, and down 2735.0% year-over-year from 1.05% in Q1 2025.
Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery's EBITDA Margin history runs 18 years deep, the most recent figure standing at 27.76% for Q1 2026.
- Quarterly EBITDA Margin fell 2735.0% year-over-year to 27.76% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.55% (up 2101.0% YoY) and the FY2025 annual result came in at 1.98%, up 2749.0% from the prior year.
- EBITDA Margin was 27.76% for Q1 2026 at Warner Bros. Discovery, down from 3.69% in the prior quarter.
- Across five years, EBITDA Margin topped out at 11.17% in Q1 2022 and bottomed at 105.1% in Q2 2024.
- A 5-year average of 11.94% and a median of 1.89% in 2025 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2024 — EBITDA Margin sank 9635 bps — and 2025, when it surged 10321 bps.
- Warner Bros. Discovery's EBITDA Margin stood at 17.21% in 2022, then soared by 90 bps to 1.77% in 2023, then surged by 191 bps to 1.62% in 2024, then surged by 128 bps to 3.69% in 2025, then plunged by 853 bps to 27.76% in 2026.
- Business Quant data shows WBD's EBITDA Margin at 27.76% in Q1 2026, 3.69% in Q4 2025, and 6.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 33.38% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | -42.23% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -27.76% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | -9.77% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 9.00% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 4.15% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 21.20% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 8.14% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 9.79% |
| 10 | Sirius Xm Holdings | 10.04 Bn | 9.96 Bn | 2.09 Bn | 21.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -27.76% |
| Dec 31, 2025 | 3.69% |
| Sep 30, 2025 | 6.76% |
| Jun 30, 2025 | -1.89% |
| Mar 31, 2025 | -0.41% |
| Dec 31, 2024 | 1.62% |
| Sep 30, 2024 | 2.92% |
| Jun 30, 2024 | -105.10% |
| Mar 31, 2024 | -2.68% |
| Dec 31, 2023 | -1.77% |
| Sep 30, 2023 | 0.97% |
| Jun 30, 2023 | -8.75% |
| Mar 31, 2023 | -5.21% |
| Dec 31, 2022 | -17.21% |
| Sep 30, 2022 | -22.29% |
| Jun 30, 2022 | -37.03% |
| Mar 31, 2022 | 11.17% |
| Dec 31, 2021 | 15.94% |
| Sep 30, 2021 | 10.44% |
| Jun 30, 2021 | 25.44% |