Warner Bros. Discovery (WBD) Equity Average (2009 - 2026)
Warner Bros. Discovery posted quarterly Equity Average of $34.8 billion for Q1 2026, down 0.5% year-on-year from $35.0 billion in Q1 2025, and down 4.88% on a QoQ basis from $36.6 billion in Q4 2025.
Warner Bros. Discovery (WBD) has 18 years of Equity Average data on file, last reported at $34.8 billion in Q1 2026.
- For the quarter ending Q1 2026, Equity Average fell 0.5% year-over-year to $34.8 billion; the trailing twelve-month figure through Mar 2026 stood at $34.8 billion (down 0.5% YoY), and the FY2025 full-year result was $35.4 billion, down 12.8% from the prior year.
- Equity Average for Q1 2026 stood at $34.8 billion, down from $36.6 billion in the prior quarter.
- Across five years, Equity Average topped out at $51.2 billion in Q3 2022 and bottomed at $13.1 billion in Q1 2022.
- The 5-year median for Equity Average is $37.3 billion (2025), against an average of $39.4 billion.
- The widest annual swing landed in 2022, when Equity Average jumped 293.91%; it then dropped 23.46% in 2025.
- A 5-year view of Equity Average shows it stood at $49.1 billion in 2022, then slipped by 6.06% to $46.1 billion in 2023, then retreated by 23.09% to $35.4 billion in 2024, then gained by 3.27% to $36.6 billion in 2025, then declined by 4.88% to $34.8 billion in 2026.
- The last three Equity Average figures came in at $34.8 billion (Q1 2026), $36.6 billion (Q4 2025), and $37.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 28.87 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 114.66 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 34.81 Bn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 377.49 Mn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 11.00 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 7.74 Bn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 2.66 Bn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 9.37 Bn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 8.85 Bn |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 11.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.81 Bn |
| Dec 31, 2025 | 36.60 Bn |
| Sep 30, 2025 | 37.30 Bn |
| Jun 30, 2025 | 36.24 Bn |
| Mar 31, 2025 | 34.99 Bn |
| Dec 31, 2024 | 35.44 Bn |
| Sep 30, 2024 | 35.68 Bn |
| Jun 30, 2024 | 40.21 Bn |
| Mar 31, 2024 | 45.71 Bn |
| Dec 31, 2023 | 46.08 Bn |
| Sep 30, 2023 | 46.17 Bn |
| Jun 30, 2023 | 47.01 Bn |
| Mar 31, 2023 | 47.94 Bn |
| Dec 31, 2022 | 49.06 Bn |
| Sep 30, 2022 | 51.19 Bn |
| Jun 30, 2022 | 32.92 Bn |
| Mar 31, 2022 | 13.13 Bn |
| Dec 31, 2021 | 13.04 Bn |
| Sep 30, 2021 | 13.00 Bn |
| Jun 30, 2021 | 12.59 Bn |
| Mar 31, 2021 | 12.11 Bn |
| Dec 31, 2020 | 11.80 Bn |
| Sep 30, 2020 | 11.48 Bn |
| Jun 30, 2020 | 11.16 Bn |
| Mar 31, 2020 | 11.24 Bn |
| Dec 31, 2019 | 11.33 Bn |
| Sep 30, 2019 | 11.18 Bn |
| Jun 30, 2019 | 10.76 Bn |
| Mar 31, 2019 | 10.20 Bn |
| Dec 31, 2018 | 9.96 Bn |
| Sep 30, 2018 | 9.72 Bn |
| Jun 30, 2018 | 9.61 Bn |
| Mar 31, 2018 | 7.10 Bn |
| Dec 31, 2017 | 2.00 Bn |
| Sep 30, 2017 | -295.50 Mn |
| Jun 30, 2017 | 2.68 Bn |
| Mar 31, 2017 | 5.25 Bn |
| Dec 31, 2016 | 5.19 Bn |
| Sep 30, 2016 | 5.27 Bn |
| Jun 30, 2016 | 5.36 Bn |
| Mar 31, 2016 | 5.41 Bn |
| Dec 31, 2015 | 5.55 Bn |
| Sep 30, 2015 | 5.57 Bn |
| Jun 30, 2015 | 5.39 Bn |
| Mar 31, 2015 | 5.45 Bn |
| Dec 31, 2014 | 5.74 Bn |
| Sep 30, 2014 | 5.96 Bn |
| Jun 30, 2014 | 6.11 Bn |
| Mar 31, 2014 | 6.19 Bn |
| Dec 31, 2013 | 6.21 Bn |
| Sep 30, 2013 | 6.25 Bn |
| Jun 30, 2013 | 6.26 Bn |
| Mar 31, 2013 | 6.27 Bn |
| Dec 31, 2012 | 6.28 Bn |
| Sep 30, 2012 | 6.37 Bn |
| Jun 30, 2012 | 6.52 Bn |
| Mar 31, 2012 | 6.54 Bn |
| Dec 31, 2011 | 6.46 Bn |
| Sep 30, 2011 | 6.46 Bn |
| Jun 30, 2011 | 6.46 Bn |
| Mar 31, 2011 | 6.32 Bn |
| Dec 31, 2010 | 6.46 Bn |
| Sep 30, 2010 | 6.60 Bn |
| Jun 30, 2010 | 6.45 Bn |
| Mar 31, 2010 | 6.31 Bn |
| Dec 31, 2009 | 6.12 Bn |
| Sep 30, 2009 | 5.97 Bn |
| Jun 30, 2009 | 5.80 Bn |
| Mar 31, 2009 | 5.62 Bn |