Warner Bros. Discovery WBD
NASDAQ WBD
$28.13 -0.13 (-0.44%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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