Capital Expenditures for Warner Bros. Discovery (WBD)
According to Warner Bros. Discovery's latest reported financial statements, the company's current capital expenditures (TTM) is $1.23B USD. 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 .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.23B
YoY change
+29.9%
5Y CAGR
+25.1%
Peak year (2023)
$1.32B
Cumulative capital expenditures
$6.89B
CapEx history chart for Warner Bros. Discovery (WBD) from 2003 to 2025
CapEx history table for Warner Bros. Discovery (WBD) from 2003 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Warner Bros. Discovery (WBD) came in at $1.23B – grew 29.9% year-over-year.
Over 2020–2025 (5 years), Warner Bros. Discovery capital expenditures expanded at a +25.1% compound annual rate, with the latest reading among the more recent periods of the dataset.
Warner Bros. Discovery capital expenditures declined from $1.32B in 2023 to $1.23B in 2025, a 6.5% drawdown.
$1.32B stands as the all-time-high annual capital expenditures, posted in 2023, against a low of $25.86M during 2003.
Within Communication Services, Warner Bros. Discovery (WBD) ranks 8th among 8 peers we track. The peer median for capital expenditures is $14.38B.
Warner Bros. Discovery Capital Expenditures by Year
Warner Bros. Discovery Capital Expenditures 2025: $1.23B
Warner Bros. Discovery capital expenditures in 2025 was $1.23B, grew 29.9% from 2024.
Warner Bros. Discovery Capital Expenditures 2024: $948.00M
Warner Bros. Discovery capital expenditures in 2024 was $948.00M, declined 28.0% below 2023.
Warner Bros. Discovery Capital Expenditures 2023: $1.32B
Warner Bros. Discovery capital expenditures in 2023 was $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 capital expenditures in 2022 was $987.00M, surged 164.6% from 2021.
Warner Bros. Discovery Capital Expenditures 2021: $373.00M
Warner Bros. Discovery capital expenditures in 2021 was $373.00M.
See more financial history for Warner Bros. Discovery (WBD).
Sector peers — CapEx
Companies in the same sector as Warner Bros. Discovery, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $91.45B | Communication Services |
| Meta Platforms, Inc. (META) | $69.69B | Communication Services |
| AT&T Inc. (T) | $20.84B | Communication Services |
| Verizon Communications Inc. (VZ) | $17.01B | Communication Services |
| Comcast Corporation (CMCSA) | $11.75B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $9.96B | Communication Services |
| The Walt Disney Company (DIS) | $8.02B | Communication Services |
| Netflix, Inc. (NFLX) | $688.22M | Communication Services |
Frequently asked questions
What is Warner Bros. Discovery's capital expenditures?
- Latest reported capital expenditures for Warner Bros. Discovery (WBD) is $1.23B (period ending December 31, 2025).
How has Warner Bros. Discovery capital expenditures changed year-over-year?
- Warner Bros. Discovery (WBD) capital expenditures changed +29.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Warner Bros. Discovery capital expenditures?
- Warner Bros. Discovery (WBD) capital expenditures compound annual growth rate is +25.1% over the most recent 5 years available.
When did Warner Bros. Discovery capital expenditures hit its highest annual value?
- Warner Bros. Discovery capital expenditures reached its highest annual value of $1.32B in 2023.
What was Warner Bros. Discovery capital expenditures in 2024?
- Warner Bros. Discovery (WBD) capital expenditures in 2024 was $948.00M.
What was Warner Bros. Discovery capital expenditures in 2025?
- Warner Bros. Discovery (WBD) capital expenditures in 2025 was $1.23B.
Metrics overview
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