Latest period
$1.25B
YoY change
+29.9%
5Y CAGR
+25.1%
Peak year (2023)
$1.32B
Cumulative CapEx
$7.15B
CapEx history chart for Warner Bros. Discovery (WBD) from 2003 to 2025
Latest: $1.23B
CapEx growth chart for Warner Bros. Discovery (WBD) from 2003 to 2025
Latest: +29.9%
CapEx history table for Warner Bros. Discovery (WBD) from 2003 to 2025
| 2025 | $1.23B | +29.9% | +$283.00M | ||
| 2024 | $948.00M | -28.0% | −$368.00M | ||
| 2023 | $1.32B | +33.3% | +$329.00M | ||
| 2022 | $987.00M | +164.6% | +$614.00M | ||
| 2021 | $373.00M | -7.2% | −$29.00M | ||
| 2020 | $402.00M | +39.1% | +$113.00M | ||
| 2019 | $289.00M | +96.6% | +$142.00M | ||
| 2018 | $147.00M | +8.9% | +$12.00M | ||
| 2017 | $135.00M | +53.4% | +$47.00M | ||
| 2016 | $88.00M | -14.6% | −$15.00M | ||
| 2015 | $103.00M | -14.2% | −$17.00M | ||
| 2014 | $120.00M | +4.3% | +$5.00M | ||
| 2013 | $115.00M | +49.4% | +$38.00M | ||
| 2012 | $77.00M | +32.8% | +$19.00M | ||
| 2011 | $58.00M | +18.4% | +$9.00M | ||
| 2010 | $49.00M | -10.9% | −$6.00M | ||
| 2009 | $55.00M | -46.1% | −$47.00M | ||
| 2008 | $102.00M | +117.0% | +$55.00M | ||
| 2007 | $47.00M | -39.7% | −$31.00M | ||
| 2006 | $78.00M | -13.8% | −$12.53M | ||
| 2005 | $90.53M | +83.7% | +$41.23M | ||
| 2004 | $49.29M | +90.6% | +$23.43M | ||
| 2003 | $25.86M | — | — |
- 2025$1.23B+29.9%
- 2024$948.00M-28.0%
- 2023$1.32B+33.3%
- 2022$987.00M+164.6%
- 2021$373.00M-7.2%
- 2020$402.00M+39.1%
- 2019$289.00M+96.6%
- 2018$147.00M+8.9%
- 2017$135.00M+53.4%
- 2016$88.00M-14.6%
- 2015$103.00M-14.2%
- 2014$120.00M+4.3%
- 2013$115.00M+49.4%
- 2012$77.00M+32.8%
- 2011$58.00M+18.4%
- 2010$49.00M-10.9%
- 2009$55.00M-46.1%
- 2008$102.00M+117.0%
- 2007$47.00M-39.7%
- 2006$78.00M-13.8%
- 2005$90.53M+83.7%
- 2004$49.29M+90.6%
- 2003$25.86M—
CapEx values are taken from Warner Bros. Discovery's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Warner Bros. Discovery (WBD)
According to Warner Bros. Discovery's latest reported financial statements, the company's current CapEx (TTM) is $1.25B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for Warner Bros. Discovery (WBD) came in at $1.23B – grew 29.9% year-over-year.
Over 2020–2025 (5 years), Warner Bros. Discovery CapEx expanded at a +25.1% compound annual rate, with mixed annual results across the window.
Warner Bros. Discovery CapEx declined from $1.32B in 2023 to $1.23B in 2025, a 6.5% drawdown.
$1.32B stands as the all-time-high annual CapEx, posted in 2023, against a low of $25.86M during 2003.
Warner Bros. Discovery Capital Expenditures by Year
Warner Bros. Discovery Capital Expenditures 2025: $1.23B
In 2025, Warner Bros. Discovery reported CapEx of $1.23B, grew 29.9% from 2024.
Warner Bros. Discovery Capital Expenditures 2024: $948.00M
Warner Bros. Discovery CapEx in 2024 was $948.00M, declined 28.0% below 2023.
Warner Bros. Discovery Capital Expenditures 2023: $1.32B
2023's CapEx for Warner Bros. Discovery came in at $1.32B, surged 33.3% from 2022. This figure represents the highest annual value in the available history.
Warner Bros. Discovery Capital Expenditures 2022: $987.00M
Warner Bros. Discovery posted CapEx of $987.00M in 2022, surged 164.6% from 2021.
Warner Bros. Discovery Capital Expenditures 2021: $373.00M
Warner Bros. Discovery CapEx in 2021 was $373.00M.
See more financial history for Warner Bros. Discovery (WBD).
Sector peers by CapEx
Communication Services peers of Warner Bros. Discovery (WBD), ranked by their latest CapEx
| $91.45B | |
| $69.69B | |
| $20.84B | |
| $17.01B | |
| $9.96B | |
| $8.02B | |
| $688.22M | |
| $71.00M |
- $91.45B
- $69.69B
- $20.84B
- $17.01B
- $9.96B
- $8.02B
- $688.22M
- $71.00M
Frequently asked questions
Warner Bros. Discovery (WBD) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation