Warner Bros. Discovery (WBD) Free Cash Flow (2009 - 2026)
Warner Bros. Discovery posted quarterly Free Cash Flow of -$476.0 million for Q1 2026, down 257.62% year-on-year from $302.0 million in Q1 2025, and down 134.42% on a QoQ basis from $1.4 billion in Q4 2025.
Warner Bros. Discovery (WBD) has 18 years of Free Cash Flow data on file, last reported at -$476.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 257.62% year-over-year to -$476.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (down 46.76% YoY), and the FY2025 full-year result was $3.1 billion, down 30.25% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$476.0 million, down from $1.4 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $3.3 billion in Q4 2023 and bottomed at -$930.0 million in Q1 2023.
- The 5-year median for Free Cash Flow is $702.0 million (2025), against an average of $971.6 million.
- Peak annual rise in Free Cash Flow reached 1172.4% in 2023, while the deepest fall reached 490.76% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $2.5 billion in 2022, then jumped by 33.36% to $3.3 billion in 2023, then slipped by 26.62% to $2.4 billion in 2024, then sank by 43.06% to $1.4 billion in 2025, then tumbled by 134.42% to -$476.0 million in 2026.
- The last three Free Cash Flow figures came in at -$476.0 million (Q1 2026), $1.4 billion (Q4 2025), and $701.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 5.09 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 4.94 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -476.00 Mn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 2.03 Bn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 1.77 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 337.00 Mn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 198.76 Mn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 399.00 Mn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 674.56 Mn |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 217.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -476.00 Mn |
| Mar 31, 2026 | -476.00 Mn |
| Dec 31, 2025 | 1.38 Bn |
| Dec 31, 2025 | 1.38 Bn |
| Sep 30, 2025 | 701.00 Mn |
| Sep 30, 2025 | 701.00 Mn |
| Jun 30, 2025 | 702.00 Mn |
| Jun 30, 2025 | 702.00 Mn |
| Mar 31, 2025 | 302.00 Mn |
| Mar 31, 2025 | 302.00 Mn |
| Dec 31, 2024 | 2.43 Bn |
| Dec 31, 2024 | 2.43 Bn |
| Sep 30, 2024 | 632.00 Mn |
| Sep 30, 2024 | 632.00 Mn |
| Jun 30, 2024 | 976.00 Mn |
| Jun 30, 2024 | 976.00 Mn |
| Mar 31, 2024 | 390.00 Mn |
| Mar 31, 2024 | 390.00 Mn |
| Dec 31, 2023 | 3.31 Bn |
| Dec 31, 2023 | 3.31 Bn |
| Sep 30, 2023 | 2.06 Bn |
| Sep 30, 2023 | 2.06 Bn |
| Jun 30, 2023 | 1.72 Bn |
| Jun 30, 2023 | 1.72 Bn |
| Mar 31, 2023 | -930.00 Mn |
| Mar 31, 2023 | -930.00 Mn |
| Dec 31, 2022 | 2.48 Bn |
| Dec 31, 2022 | 2.48 Bn |
| Sep 30, 2022 | -192.00 Mn |
| Sep 30, 2022 | -192.00 Mn |
| Jun 30, 2022 | 789.00 Mn |
| Jun 30, 2022 | 789.00 Mn |
| Mar 31, 2022 | 238.00 Mn |
| Mar 31, 2022 | 238.00 Mn |
| Dec 31, 2021 | 784.00 Mn |
| Dec 31, 2021 | 784.00 Mn |
| Sep 30, 2021 | 705.00 Mn |
| Sep 30, 2021 | 705.00 Mn |
| Jun 30, 2021 | 757.00 Mn |
| Jun 30, 2021 | 757.00 Mn |
| Mar 31, 2021 | 179.00 Mn |
| Mar 31, 2021 | 179.00 Mn |
| Dec 31, 2020 | 441.00 Mn |
| Dec 31, 2020 | 441.00 Mn |
| Sep 30, 2020 | 787.00 Mn |
| Sep 30, 2020 | 787.00 Mn |
| Jun 30, 2020 | 879.00 Mn |
| Jun 30, 2020 | 879.00 Mn |
| Mar 31, 2020 | 230.00 Mn |
| Mar 31, 2020 | 230.00 Mn |
| Dec 31, 2019 | 1.13 Bn |
| Dec 31, 2019 | 1.13 Bn |
| Sep 30, 2019 | 884.00 Mn |
| Sep 30, 2019 | 884.00 Mn |
| Jun 30, 2019 | 596.00 Mn |
| Jun 30, 2019 | 596.00 Mn |
| Mar 31, 2019 | 498.00 Mn |
| Mar 31, 2019 | 498.00 Mn |
| Dec 31, 2018 | 888.00 Mn |
| Dec 31, 2018 | 888.00 Mn |
| Sep 30, 2018 | 907.00 Mn |
| Sep 30, 2018 | 907.00 Mn |
| Jun 30, 2018 | 522.00 Mn |
| Jun 30, 2018 | 522.00 Mn |
| Mar 31, 2018 | 112.00 Mn |
| Mar 31, 2018 | 112.00 Mn |
| Dec 31, 2017 | 430.00 Mn |
| Dec 31, 2017 | 430.00 Mn |
| Sep 30, 2017 | 699.00 Mn |
| Sep 30, 2017 | 699.00 Mn |
| Jun 30, 2017 | 157.00 Mn |
| Jun 30, 2017 | 157.00 Mn |
| Mar 31, 2017 | 208.00 Mn |
| Mar 31, 2017 | 208.00 Mn |
| Dec 31, 2016 | 527.00 Mn |
| Dec 31, 2016 | 527.00 Mn |
| Sep 30, 2016 | 418.00 Mn |
| Sep 30, 2016 | 418.00 Mn |
| Jun 30, 2016 | 300.00 Mn |
| Jun 30, 2016 | 300.00 Mn |
| Mar 31, 2016 | 47.00 Mn |
| Mar 31, 2016 | 47.00 Mn |
| Dec 31, 2015 | 615.00 Mn |
| Dec 31, 2015 | 615.00 Mn |
| Sep 30, 2015 | 234.00 Mn |
| Sep 30, 2015 | 234.00 Mn |
| Jun 30, 2015 | 313.00 Mn |
| Jun 30, 2015 | 313.00 Mn |
| Mar 31, 2015 | 29.00 Mn |
| Mar 31, 2015 | 29.00 Mn |
| Dec 31, 2014 | 390.00 Mn |
| Dec 31, 2014 | 390.00 Mn |
| Sep 30, 2014 | 393.00 Mn |
| Sep 30, 2014 | 393.00 Mn |
| Jun 30, 2014 | 181.00 Mn |
| Jun 30, 2014 | 181.00 Mn |
| Mar 31, 2014 | 234.00 Mn |
| Mar 31, 2014 | 234.00 Mn |
| Dec 31, 2013 | 316.00 Mn |
| Dec 31, 2013 | 316.00 Mn |
| Sep 30, 2013 | 438.00 Mn |
| Sep 30, 2013 | 438.00 Mn |
| Jun 30, 2013 | 311.00 Mn |
| Jun 30, 2013 | 311.00 Mn |
| Mar 31, 2013 | 105.00 Mn |
| Mar 31, 2013 | 105.00 Mn |
| Dec 31, 2012 | 304.00 Mn |
| Dec 31, 2012 | 304.00 Mn |
| Sep 30, 2012 | 353.00 Mn |
| Sep 30, 2012 | 353.00 Mn |
| Jun 30, 2012 | 138.00 Mn |
| Jun 30, 2012 | 138.00 Mn |
| Mar 31, 2012 | 227.00 Mn |
| Mar 31, 2012 | 227.00 Mn |
| Dec 31, 2011 | 368.00 Mn |
| Dec 31, 2011 | 368.00 Mn |
| Sep 30, 2011 | 314.00 Mn |
| Sep 30, 2011 | 314.00 Mn |
| Jun 30, 2011 | 198.00 Mn |
| Jun 30, 2011 | 198.00 Mn |
| Mar 31, 2011 | 206.00 Mn |
| Mar 31, 2011 | 206.00 Mn |
| Dec 31, 2010 | 203.00 Mn |
| Dec 31, 2010 | 203.00 Mn |
| Sep 30, 2010 | 346.00 Mn |
| Sep 30, 2010 | 346.00 Mn |
| Jun 30, 2010 | -44.00 Mn |
| Jun 30, 2010 | -44.00 Mn |
| Mar 31, 2010 | 114.00 Mn |
| Mar 31, 2010 | 114.00 Mn |
| Dec 31, 2009 | 244.00 Mn |
| Dec 31, 2009 | 244.00 Mn |
| Sep 30, 2009 | 38.00 Mn |
| Sep 30, 2009 | 38.00 Mn |
| Jun 30, 2009 | 173.00 Mn |
| Jun 30, 2009 | 173.00 Mn |
| Mar 31, 2009 | 132.00 Mn |
| Mar 31, 2009 | 132.00 Mn |