Warner Bros. Discovery (WBD) Operating Expenses (2009 - 2026)

Warner Bros. Discovery (WBD) has 18 years of Operating Expenses data on file, last reported at $11.4 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 26.02% year-over-year to $11.4 billion; the trailing twelve-month figure through Mar 2026 stood at $38.9 billion (down 19.19% YoY), and the FY2025 full-year result was $36.6 billion, down 25.93% from the prior year.
• Operating Expenses for Q1 2026 stood at $11.4 billion, up from $9.1 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $19.9 billion in Q2 2024 and bottomed at $2.8 billion in Q1 2022.
• The 5-year median for Operating Expenses is $10.2 billion (2024), against an average of $10.7 billion.
• The widest annual swing landed in 2022, when Operating Expenses soared 489.84%; it then sank 49.82% in 2025.
• A 5-year view of Operating Expenses shows it stood at $12.9 billion in 2022, then declined by 18.88% to $10.5 billion in 2023, then fell by 5.74% to $9.9 billion in 2024, then slipped by 7.64% to $9.1 billion in 2025, then gained by 24.71% to $11.4 billion in 2026.
• The last three Operating Expenses figures came in at $11.4 billion (Q1 2026), $9.1 billion (Q4 2025), and $8.4 billion (Q3 2025), per Business Quant data.

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