Warner Bros. Discovery (WBD) Free Cash Flow (2009 - 2026)

Warner Bros. Discovery has reported Free Cash Flow for 18 years, with the latest figure 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.
• The five-year high for Free Cash Flow was $3.3 billion in Q4 2023, with the low at -$930.0 million in Q1 2023.
• Historically, Free Cash Flow has averaged $971.6 million across 5 years, with a median of $702.0 million in 2025.
• The largest YoY upside for Free Cash Flow was 1172.4% in 2023 against a maximum downside of 490.76% in 2023.
• Warner Bros. Discovery's Free Cash Flow stood at $2.5 billion in 2022, then soared by 33.36% to $3.3 billion in 2023, then decreased by 26.62% to $2.4 billion in 2024, then slumped by 43.06% to $1.4 billion in 2025, then plunged 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.