Warner Bros. Discovery WBD
NASDAQ WBD
$28.13 -0.13 (-0.44%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Warner Bros. Discovery's (WBD) quarterly Free Cash Flow came in at $572.0 million in Q2 2026, down 18.52% on a YoY basis from $702.0 million in Q2 2025, and up 220.17% quarter-over-quarter from -$476.0 million in Q1 2026.

Analysis

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

Warner Bros. Discovery (WBD) has reported Free Cash Flow for 18 consecutive years, with $572.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow fell 18.52% year-over-year to $572.0 million; the trailing twelve-month figure through Jun 2026 stood at $2.2 billion (down 46.37% YoY), and the FY2025 full-year result was $3.1 billion, down 30.25% from the prior year.
  • Free Cash Flow climbed to $572.0 million in Q2 2026 per WBD's latest filing, from -$476.0 million 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.
  • Historically, Free Cash Flow has averaged $949.4 million across 5 years, with a median of $701.5 million in 2025.
  • The widest YoY moves for Free Cash Flow: up 1172.4% in 2023, down 490.76% in 2023.
  • Over 5 years, Free Cash Flow stood at $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 plunged by 43.06% to $1.4 billion in 2025, then tumbled by 58.64% to $572.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $572.0 million, -$476.0 million, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Warner Bros. Discovery 70.72 Bn 67.35 Bn 4.10 Bn 572.00 Mn
2 Fox 25.12 Bn 20.92 Bn - 726.00 Mn
3 Paramount Skydance 11.97 Bn 8.70 Bn -2.08 Bn -136.00 Mn
4 Versant Media 5.38 Bn 3.90 Bn 994.00 Mn -
5 Nexstar Media 5.15 Bn 4.94 Bn 1.06 Bn 253.00 Mn
6 Newsmax 1.39 Bn 1.34 Bn 23.33 Mn -
7 AMC Global Media 520.06 Mn 56.06 Mn 258.71 Mn 43.27 Mn
8 Gray Media 470.89 Mn 294.89 Mn 270.00 Mn 106.00 Mn
9 Starz Entertainment 435.29 Mn 333.19 Mn - -
10 E.W. Scripps 296.07 Mn 283.02 Mn 196.33 Mn -2.94 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 572.00 Mn
Mar 31, 2026 -476.00 Mn
Dec 31, 2025 1.38 Bn
Sep 30, 2025 701.00 Mn
Jun 30, 2025 702.00 Mn
Mar 31, 2025 302.00 Mn
Dec 31, 2024 2.43 Bn
Sep 30, 2024 632.00 Mn
Jun 30, 2024 976.00 Mn
Mar 31, 2024 390.00 Mn
Dec 31, 2023 3.31 Bn
Sep 30, 2023 2.06 Bn
Jun 30, 2023 1.72 Bn
Mar 31, 2023 -930.00 Mn
Dec 31, 2022 2.48 Bn
Sep 30, 2022 -192.00 Mn
Jun 30, 2022 789.00 Mn
Mar 31, 2022 238.00 Mn
Dec 31, 2021 784.00 Mn
Sep 30, 2021 705.00 Mn