Warner Bros. Discovery (WBD) EBT Margin (2009 - 2026)
Warner Bros. Discovery (WBD) reported EBT Margin of 35.08% for Q1 2026, down 3025.0% on a YoY basis from 1.2% in Q1 2025, and down 713.46% quarter-over-quarter from 4.31% in Q4 2025.
Warner Bros. Discovery (WBD) EBT Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery has reported EBT Margin for 18 years, with the latest figure at 35.08% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 3025.0% year-over-year to 35.08%; the trailing twelve-month figure through Mar 2026 stood at 2.81% (up 2588.0% YoY), and the FY2025 full-year result was 4.39%, up 3336.0% from the prior year.
- EBT Margin for Q1 2026 stood at 35.08%, down from 4.31% in the prior quarter.
- The five-year high for EBT Margin was 25.01% in Q2 2025, with the low at 103.32% in Q2 2024.
- Historically, EBT Margin has averaged 14.52% across 5 years, with a median of 5.96% in 2023.
- Annual changes were most pronounced in 2024 — EBT Margin plunged 8903 bps — and 2025, when it soared 12833 bps.
- Warner Bros. Discovery's EBT Margin stood at 23.08% in 2022, then surged by 74 bps to 5.96% in 2023, then soared by 40 bps to 3.55% in 2024, then retreated by 21 bps to 4.31% in 2025, then tumbled by 713 bps to 35.08% in 2026.
- The last three EBT Margin figures came in at 35.08% (Q1 2026), 4.31% (Q4 2025), and 0.3% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 327.69 Bn | 315.40 Bn | 11.41 Bn | 53.45% |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | 13.38% |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | -35.08% |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | - |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | -10.86% |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | 8.16% |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | 5.91% |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 7.10% |
| 9 | News | 15.92 Bn | 14.45 Bn | - | 8.65% |
| 10 | TKO Group Holdings | 15.40 Bn | 13.70 Bn | 862.52 Mn | 17.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.08% |
| Dec 31, 2025 | -4.31% |
| Sep 30, 2025 | 0.30% |
| Jun 30, 2025 | 25.01% |
| Mar 31, 2025 | -4.83% |
| Dec 31, 2024 | -3.55% |
| Sep 30, 2024 | -1.85% |
| Jun 30, 2024 | -103.32% |
| Mar 31, 2024 | -8.22% |
| Dec 31, 2023 | -5.96% |
| Sep 30, 2023 | -5.33% |
| Jun 30, 2023 | -14.29% |
| Mar 31, 2023 | -11.57% |
| Dec 31, 2022 | -23.08% |
| Sep 30, 2022 | -29.02% |
| Jun 30, 2022 | -43.19% |
| Mar 31, 2022 | 21.40% |
| Dec 31, 2021 | 5.74% |
| Sep 30, 2021 | 7.40% |
| Jun 30, 2021 | 23.51% |