Warner Bros. Discovery (WBD) EBT (2009 - 2026)

Warner Bros. Discovery (WBD) reported EBT of -$3.1 billion for Q1 2026, down 618.89% on a YoY basis from $601.3 million in Q1 2025, and down 664.71% quarter-over-quarter from -$408.0 million in Q4 2025.

Warner Bros. Discovery (WBD) EBT (2009 - 2026) Analysis & Trends

Warner Bros. Discovery has reported EBT for 18 years, with the latest figure at -$3.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, EBT fell 618.89% year-over-year to -$3.1 billion; the trailing twelve-month figure through Mar 2026 stood at -$1.0 billion (up 90.48% YoY), and the FY2025 full-year result was $1.6 billion, up 114.39% from the prior year.
  • EBT for Q1 2026 stood at -$3.1 billion, down from -$408.0 million in the prior quarter.
  • The five-year high for EBT was $2.5 billion in Q2 2025, with the low at -$10.0 billion in Q2 2024.
  • Historically, EBT has averaged -$1.5 billion across 5 years, with a median of -$613.0 million in 2023.
  • The largest YoY upside for EBT was 127.61% in 2022 against a maximum downside of 1488.52% in 2022.
  • Warner Bros. Discovery's EBT stood at -$2.5 billion in 2022, then soared by 75.88% to -$613.0 million in 2023, then jumped by 41.92% to -$356.0 million in 2024, then fell by 14.61% to -$408.0 million in 2025, then slumped by 664.71% to -$3.1 billion in 2026.
  • The last three EBT figures came in at -$3.1 billion (Q1 2026), -$408.0 million (Q4 2025), and $27.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Netflix 327.69 Bn 315.40 Bn 11.41 Bn 6.55 Bn
2 Walt Disney 184.70 Bn 191.31 Bn 23.68 Bn 3.37 Bn
3 Warner Bros. Discovery 65.23 Bn 63.09 Bn 4.25 Bn -3.12 Bn
4 Brera Holdings 53.07 Bn 53.07 Bn - -
5 Live Nation Entertainment 39.71 Bn 31.25 Bn 1.31 Bn -412.10 Mn
6 Liberty Media 21.13 Bn 21.80 Bn 298.00 Mn 58.00 Mn
7 Fox 20.41 Bn 16.92 Bn - 236.00 Mn
8 Roku 20.39 Bn 18.01 Bn 564.94 Mn 88.65 Mn
9 News 15.92 Bn 14.45 Bn - 189.00 Mn
10 TKO Group Holdings 15.40 Bn 13.70 Bn 862.52 Mn 282.14 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 720.00 Mn