Warner Bros. Discovery (WBD) Invested Capital (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Invested Capital came in at $1.5 billion in Q1 2026, down 46.28% YoY from $2.8 billion in Q1 2025, and up 974.1% on a QoQ basis from $139.0 million in Q4 2025.
Warner Bros. Discovery (WBD) Invested Capital (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of Invested Capital data on file, last reported at $1.5 billion in Q1 2026.
- Quarterly Invested Capital fell 46.28% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (down 83.72% YoY) and the FY2025 annual result came in at $139.0 million, down 94.94% from the prior year.
- Invested Capital climbed to $1.5 billion in Q1 2026, from $139.0 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.7 billion in Q2 2024 to a low of $139.0 million in Q3 2025.
- A 5-year average of $1.8 billion and a median of $1.5 billion in 2026 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2023 — Invested Capital jumped 387.67% — and 2025, when it tumbled 95.43%.
- Tracing WBD's Invested Capital over 5 years: stood at $365.0 million in 2022, then jumped by 387.67% to $1.8 billion in 2023, then soared by 54.38% to $2.7 billion in 2024, then slumped by 94.94% to $139.0 million in 2025, then jumped by 974.1% to $1.5 billion in 2026.
- The last three Invested Capital figures came in at $1.5 billion (Q1 2026), $139.0 million (Q4 2025), and $139.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 2.48 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 8.63 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 1.49 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 2.97 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 72.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | - |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 45.50 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 13.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.49 Bn |
| Mar 31, 2026 | 1.49 Bn |
| Dec 31, 2025 | 139.00 Mn |
| Sep 30, 2025 | 139.00 Mn |
| Jun 30, 2025 | 221.00 Mn |
| Mar 31, 2025 | 2.78 Bn |
| Dec 31, 2024 | 2.75 Bn |
| Sep 30, 2024 | 3.04 Bn |
| Jun 30, 2024 | 3.67 Bn |
| Mar 31, 2024 | 3.43 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Sep 30, 2023 | 1.30 Bn |
| Jun 30, 2023 | 3.00 Bn |
| Mar 31, 2023 | 3.50 Bn |
| Dec 31, 2022 | 365.00 Mn |
| Sep 30, 2022 | 1.26 Bn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 794.00 Mn |
| Dec 31, 2021 | 339.00 Mn |
| Sep 30, 2021 | 349.00 Mn |