Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026)
Warner Bros. Discovery (WBD) reported EBITDA Margin of 16.01% for Q2 2026, up 3.15 percentage points from 12.86% a year earlier and up 29.99 percentage points from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Warner Bros. Discovery's EBITDA Margin came in at 10.53%, down 6.69 percentage points year-over-year; for FY2025, it came in at 17.22%, up 24.84 percentage points from FY2024.
- EBITDA Margin has a five-year change of -19.08 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -7.62% in FY2024 (-23.19 pp), 15.58% in FY2023 (+16.10 pp), -0.52% in FY2022 (-30.00 pp) and 29.48% in FY2021 (-6.82 pp).
- Five-year quarterly EBITDA Margin spans a low of -87.14% in Q2 2024 and a high of 32.85% in Q4 2021.
- Year over year, EBITDA Margin gained in six of the last eight quarters, with an average year-over-year change of +9.20 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2025 (a gain of 100.00 percentage points); the low point was Q2 2024 (a drop of 96.87 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -13.98% (Q1 2026), 17.59% (Q4 2025) and 21.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 16.01% |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 24.50% |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | 16.59% |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 17.37% |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | - |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 18.25% |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 29.49% |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | - |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.01% |
| Mar 31, 2026 | -13.98% |
| Dec 31, 2025 | 17.59% |
| Sep 30, 2025 | 21.96% |
| Jun 30, 2025 | 12.86% |
| Mar 31, 2025 | 16.82% |
| Dec 31, 2024 | 18.00% |
| Sep 30, 2024 | 21.23% |
| Jun 30, 2024 | -87.14% |
| Mar 31, 2024 | 16.28% |
| Dec 31, 2023 | 17.91% |
| Sep 30, 2023 | 20.90% |
| Jun 30, 2023 | 9.73% |
| Mar 31, 2023 | 14.03% |
| Dec 31, 2022 | 2.50% |
| Sep 30, 2022 | 0.44% |
| Jun 30, 2022 | -13.97% |
| Mar 31, 2022 | 27.79% |
| Dec 31, 2021 | 32.85% |
| Sep 30, 2021 | 21.27% |
API Access
Warner Bros. Discovery EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();