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Warner Bros. Discovery (WBD) Free Cash Flow (2016 - 2026)

Warner Bros. Discovery filings provide 17 years of Free Cash Flow readings, the most recent being $1.4 billion for Q4 2025.

  • On a quarterly basis, Free Cash Flow fell 43.06% to $1.4 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $3.1 billion, a 30.25% decrease, with the full-year FY2025 number at $3.1 billion, down 30.25% from a year prior.
  • Free Cash Flow hit $1.4 billion in Q4 2025 for Warner Bros. Discovery, up from $701.0 million 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.
  • Median Free Cash Flow over the past 5 years was $731.0 million (2021), compared with a mean of $970.9 million.
  • The widest YoY moves for Free Cash Flow: up 1172.4% in 2023, down 490.76% in 2023.
  • Warner Bros. Discovery's Free Cash Flow stood at $784.0 million in 2021, then surged by 216.58% to $2.5 billion in 2022, then surged by 33.36% to $3.3 billion in 2023, then dropped by 26.62% to $2.4 billion in 2024, then tumbled by 43.06% to $1.4 billion in 2025.
  • The last three reported values for Free Cash Flow were $1.4 billion (Q4 2025), $701.0 million (Q3 2025), and $702.0 million (Q2 2025) per Business Quant data.