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

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

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

Warner Bros. Discovery's EBT history runs 18 years deep, the most recent figure standing at -$3.1 billion for Q1 2026.

  • Quarterly EBT fell 618.89% year-over-year to -$3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.0 billion (up 90.48% YoY) and the FY2025 annual result came in at $1.6 billion, up 114.39% from the prior year.
  • EBT was -$3.1 billion for Q1 2026 at Warner Bros. Discovery, down from -$408.0 million 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.
  • A 5-year average of -$1.5 billion and a median of -$613.0 million in 2023 frame the typical range for EBT.
  • Peak annual rise in EBT reached 127.61% in 2022, while the deepest fall reached 1488.52% in 2022.
  • Warner Bros. Discovery's 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 plunged by 664.71% to -$3.1 billion in 2026.
  • Business Quant data shows WBD's EBT at -$3.1 billion in Q1 2026, -$408.0 million in Q4 2025, and $27.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 4.07 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 3.37 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn -3.12 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn -412.10 Mn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 58.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 88.65 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 282.10 Mn
8 Fox 20.85 Bn 17.36 Bn - 236.00 Mn
9 News 16.48 Bn 15.01 Bn - 189.00 Mn
10 Sirius Xm Holdings 10.04 Bn 9.96 Bn 2.09 Bn 326.00 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