Warner Bros. Discovery (WBD) Free Cash Flow (2009 - 2026)
Warner Bros. Discovery's Free Cash Flow was $572 million in Q2 2026, down 18.5% from $702 million a year earlier.
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Analysis
Warner Bros. Discovery (WBD) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Warner Bros. Discovery's Free Cash Flow was $2.18 billion through Jun 30, 2026, down 46.4% year-over-year; for FY2025, it was $3.09 billion, down 30.2% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 5.7% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $4.43 billion in FY2024 (-28.1%), $6.16 billion in FY2023 (+85.7%), $3.32 billion in FY2022 (+36.8%) and $2.43 billion in FY2021 (+3.8%).
- Quarterly Free Cash Flow has moved between -$930 million (Q1 2023) and $3.31 billion (Q4 2023) over five years.
- Compared with a year earlier, Free Cash Flow was higher in 1 of the last seven quarters, with an average decline of 28.2%.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2022 (growth of 216.6%); the worst was Q3 2024 (a decline of 69.3%).
- Per Business Quant data, WBD's Free Cash Flow in the three quarters before Q2 2026 was -$476 million (Q1 2026), $1.38 billion (Q4 2025) and $701 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 572.00 Mn |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 726.00 Mn |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | -433.10 Mn |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 276.00 Mn |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | - |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 184.15 Mn |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 592.00 Mn |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | - |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 572.00 Mn |
| Mar 31, 2026 | -476.00 Mn |
| Dec 31, 2025 | 1.38 Bn |
| Sep 30, 2025 | 701.00 Mn |
| Jun 30, 2025 | 702.00 Mn |
| Mar 31, 2025 | 302.00 Mn |
| Dec 31, 2024 | 2.43 Bn |
| Sep 30, 2024 | 632.00 Mn |
| Jun 30, 2024 | 976.00 Mn |
| Mar 31, 2024 | 390.00 Mn |
| Dec 31, 2023 | 3.31 Bn |
| Sep 30, 2023 | 2.06 Bn |
| Jun 30, 2023 | 1.72 Bn |
| Mar 31, 2023 | -930.00 Mn |
| Dec 31, 2022 | 2.48 Bn |
| Sep 30, 2022 | -192.00 Mn |
| Jun 30, 2022 | 789.00 Mn |
| Mar 31, 2022 | 238.00 Mn |
| Dec 31, 2021 | 784.00 Mn |
| Sep 30, 2021 | 705.00 Mn |
API Access
Warner Bros. Discovery Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();