Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026)
Warner Bros. Discovery (WBD) reported EBITDA Margin of 27.76% for Q1 2026, down 2735.0% on a YoY basis from 1.05% in Q1 2025, and down 852.56% quarter-over-quarter from 3.69% in Q4 2025.
Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery has reported EBITDA Margin for 18 years, with the latest figure at 27.76% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 2735.0% year-over-year to 27.76%; the trailing twelve-month figure through Mar 2026 stood at 4.55% (up 2101.0% YoY), and the FY2025 full-year result was 4.87%, up 2758.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 27.76%, down from 3.69% in the prior quarter.
- The five-year high for EBITDA Margin was 11.17% in Q1 2022, with the low at 105.1% in Q2 2024.
- Historically, EBITDA Margin has averaged 11.94% across 5 years, with a median of 1.89% in 2025.
- Annual changes were most pronounced in 2024 — EBITDA Margin slumped 9635 bps — and 2025, when it surged 10321 bps.
- Warner Bros. Discovery's EBITDA Margin stood at 17.21% in 2022, then jumped by 90 bps to 1.77% in 2023, then soared by 191 bps to 1.62% in 2024, then soared by 128 bps to 3.69% in 2025, then slumped by 853 bps to 27.76% in 2026.
- The last three EBITDA Margin figures came in at 27.76% (Q1 2026), 3.69% (Q4 2025), and 6.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 327.69 Bn | 315.40 Bn | 11.41 Bn | 32.30% |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | 9.16% |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | -27.76% |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | - |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | -7.14% |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | 9.00% |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | 5.91% |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 4.15% |
| 9 | News | 15.92 Bn | 14.45 Bn | - | 8.65% |
| 10 | TKO Group Holdings | 15.40 Bn | 13.70 Bn | 862.52 Mn | 22.62% |
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% |