Warner Bros. Discovery (WBD) EBT (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly EBT came in at -$271.0 million in Q2 2026, down 111.04% on a YoY basis from $2.5 billion in Q2 2025, and up 91.31% quarter-over-quarter from -$3.1 billion in Q1 2026.
Analysis
Warner Bros. Discovery (WBD) EBT (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has reported EBT for 18 consecutive years, with -$271.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT fell 111.04% year-over-year to -$271.0 million; the trailing twelve-month figure through Jun 2026 stood at -$3.8 billion (down 353.84% YoY), and the FY2025 full-year result was $1.6 billion, up 114.39% from the prior year.
- EBT grew to -$271.0 million in Q2 2026 per WBD's latest filing, from -$3.1 billion in the prior quarter.
- Across five years, EBT topped out at $2.5 billion in Q2 2025 and bottomed at -$10.0 billion in Q2 2024.
- Historically, EBT has averaged -$1.4 billion across 5 years, with a median of -$572.5 million in 2023.
- The widest YoY moves for EBT: up 127.61% in 2022, down 1488.52% in 2022.
- Over 5 years, EBT stood at -$2.5 billion in 2022, then surged by 75.88% to -$613.0 million in 2023, then soared by 41.92% to -$356.0 million in 2024, then decreased by 14.61% to -$408.0 million in 2025, then surged by 33.58% to -$271.0 million in 2026.
- According to Business Quant data, EBT over the past three periods registered -$271.0 million, -$3.1 billion, and -$408.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.72 Bn | 67.35 Bn | 4.10 Bn | -271.00 Mn |
| 2 | Fox | 25.12 Bn | 20.92 Bn | - | 921.00 Mn |
| 3 | Paramount Skydance | 11.97 Bn | 8.70 Bn | -2.08 Bn | -1.11 Bn |
| 4 | Versant Media | 5.38 Bn | 3.90 Bn | 994.00 Mn | 323.00 Mn |
| 5 | Nexstar Media | 5.15 Bn | 4.94 Bn | 1.06 Bn | 177.00 Mn |
| 6 | Newsmax | 1.39 Bn | 1.34 Bn | 23.33 Mn | 2.87 Mn |
| 7 | AMC Global Media | 520.06 Mn | 56.06 Mn | 258.71 Mn | -24.44 Mn |
| 8 | Gray Media | 470.89 Mn | 294.89 Mn | 270.00 Mn | 19.00 Mn |
| 9 | Starz Entertainment | 435.29 Mn | 333.19 Mn | - | - |
| 10 | E.W. Scripps | 296.07 Mn | 283.02 Mn | 196.33 Mn | -1.21 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -271.00 Mn |
| Mar 31, 2026 | -3.12 Bn |
| Dec 31, 2025 | -408.00 Mn |
| Sep 30, 2025 | 27.00 Mn |
| Jun 30, 2025 | 2.45 Bn |
| Mar 31, 2025 | -434.00 Mn |
| Dec 31, 2024 | -356.00 Mn |
| Sep 30, 2024 | -178.00 Mn |
| Jun 30, 2024 | -10.04 Bn |
| Mar 31, 2024 | -819.00 Mn |
| Dec 31, 2023 | -613.00 Mn |
| Sep 30, 2023 | -532.00 Mn |
| Jun 30, 2023 | -1.48 Bn |
| Mar 31, 2023 | -1.24 Bn |
| Dec 31, 2022 | -2.54 Bn |
| Sep 30, 2022 | -2.85 Bn |
| Jun 30, 2022 | -4.24 Bn |
| Mar 31, 2022 | 676.00 Mn |
| Dec 31, 2021 | 183.00 Mn |
| Sep 30, 2021 | 233.00 Mn |