Warner Bros. Discovery (WBD) Free Cash Flow (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Free Cash Flow came in at -$476.0 million in Q1 2026, down 257.62% YoY 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) Free Cash Flow (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of Free Cash Flow data on file, last reported at -$476.0 million in Q1 2026.
- Quarterly Free Cash Flow fell 257.62% year-over-year to -$476.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.3 billion (down 46.76% YoY) and the FY2025 annual result came in at $3.1 billion, down 30.25% from the prior year.
- Free Cash Flow eased to -$476.0 million in Q1 2026, from $1.4 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $3.3 billion in Q4 2023 to a low of -$930.0 million in Q1 2023.
- A 5-year average of $971.6 million and a median of $702.0 million in 2025 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 1172.4% in 2023, down 490.76% in 2023.
- Tracing WBD's Free Cash Flow over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.53 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 3.07 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 572.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 129.75 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 726.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 327.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 273.00 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 276.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 328.32 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -136.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 572.00 Mn |
| Jun 30, 2026 | 572.00 Mn |
| 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 |