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

Warner Bros. Discovery (WBD) posted Operating Income of -$2.5 billion for Q1 2026, down 807.45% quarter-over-quarter from $349.0 million in Q4 2025, and down 6572.97% year-on-year from $38.1 million in Q1 2025.

Warner Bros. Discovery (WBD) Operating Income (2009 - 2026) Analysis & Trends

Warner Bros. Discovery (WBD) has reported Operating Income for 18 consecutive years, with -$2.5 billion the latest figure, recorded in Q1 2026.

  • Operating Income for Q1 2026 came in at -$2.5 billion, down 6572.97% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.7 billion (up 82.72% YoY), and the FY2025 annual result was $738.0 million, up 107.36% from the prior year.
  • Operating Income was -$2.5 billion for Q1 2026 at Warner Bros. Discovery, down from $349.0 million in the prior quarter.
  • Over five years, Operating Income peaked at $611.0 million in Q3 2025 and troughed at -$10.2 billion in Q2 2024.
  • Average Operating Income over 5 years is -$1.2 billion, with a median of -$185.0 million recorded in 2025.
  • Year-over-year, Operating Income soared 189.69% in 2024 and slumped 6572.97% in 2026.
  • Over 5 years, Operating Income stood at -$1.9 billion in 2022, then surged by 90.39% to -$182.0 million in 2023, then surged by 189.01% to $162.0 million in 2024, then jumped by 115.43% to $349.0 million in 2025, then slumped by 807.45% to -$2.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$2.5 billion in Q1 2026, $349.0 million in Q4 2025, and $611.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Leifras 65,924.76 Bn 65,924.74 Bn 5.99 Mn 963,717.00
2 Netflix 313.29 Bn 301.00 Bn 11.41 Bn 3.96 Bn
3 Walt Disney 169.09 Bn 170.02 Bn 23.68 Bn 2.31 Bn
4 Warner Bros. Discovery 66.81 Bn 64.68 Bn 4.25 Bn -2.47 Bn
5 Live Nation Entertainment 42.77 Bn 34.31 Bn 1.31 Bn -370.52 Mn
6 Roku 20.73 Bn 18.35 Bn 564.94 Mn 51.77 Mn
7 Fox 20.53 Bn 17.04 Bn - -
8 Paramount Skydance 11.21 Bn 9.13 Bn - -889.00 Mn
9 Warner Music 10.40 Bn 9.76 Bn 802.00 Mn 264.00 Mn
10 Sirius Xm Holdings 10.06 Bn 9.99 Bn 1.90 Bn 454.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.47 Bn
Dec 31, 2025 349.00 Mn
Sep 30, 2025 611.00 Mn
Jun 30, 2025 -185.00 Mn
Mar 31, 2025 -37.00 Mn
Dec 31, 2024 162.00 Mn
Sep 30, 2024 281.00 Mn
Jun 30, 2024 -10.21 Bn
Mar 31, 2024 -267.00 Mn
Dec 31, 2023 -182.00 Mn
Sep 30, 2023 97.00 Mn
Jun 30, 2023 -906.00 Mn
Mar 31, 2023 -557.00 Mn
Dec 31, 2022 -1.89 Bn
Sep 30, 2022 -2.19 Bn
Jun 30, 2022 -3.64 Bn
Mar 31, 2022 353.00 Mn
Dec 31, 2021 508.00 Mn
Sep 30, 2021 329.00 Mn
Jun 30, 2021 779.00 Mn