Growth Metrics

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 🔒
DateValue
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