Free Cash Flow for Warner Bros. Discovery (WBD)
Free Cash Flow for Warner Bros. Discovery (WBD): headline value $3.09B · YoY -30.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$3.09B
YoY change
-30.2%
5Y CAGR
+5.7%
Peak year (2023)
$6.16B
Latest annual
$3.09B
Free Cash Flow history chart for Warner Bros. Discovery (WBD) from 2003 to 2025
Free Cash Flow history table for Warner Bros. Discovery (WBD) from 2003 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $3.09B | -30.2% | ||
| 2024 | $4.43B | -28.1% | ||
| 2023 | $6.16B | +85.7% | ||
| 2022 | $3.32B | +36.8% | ||
| 2021 | $2.42B | +3.8% | ||
| 2020 | $2.34B | -24.9% | ||
| 2019 | $3.11B | +28.0% | ||
| 2018 | $2.43B | +62.6% | ||
| 2017 | $1.49B | +15.6% | ||
| 2016 | $1.29B | +8.5% | ||
| 2015 | $1.19B | -0.6% | ||
| 2014 | $1.20B | +2.4% | ||
| 2013 | $1.17B | +14.5% | ||
| 2012 | $1.02B | -1.9% | ||
| 2011 | $1.04B | +68.3% | ||
| 2010 | $619.00M | +5.5% | ||
| 2009 | $587.00M | +25.7% | ||
| 2008 | $467.00M | +4570.0% | ||
| 2007 | $10.00M | -350.0% | ||
| 2006 | -$4.00M | -23.6% | ||
| 2005 | -$5.24M | -114.9% | ||
| 2004 | $35.03M | +817.3% | ||
| 2003 | $3.82M | — |
Free Cash Flow 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
The 2025 reading of Warner Bros. Discovery (WBD) free cash flow is $3.09B – plunged 30.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Warner Bros. Discovery free cash flow compounded at +5.7% per year, with the latest reading among the more recent periods of the dataset.
Between 2023 and 2025, Warner Bros. Discovery free cash flow plunged 49.9%, falling from $6.16B to $3.09B.
$6.16B stands as the all-time-high annual free cash flow, posted in 2023, against a low of -$5.24M during 2005.
Among 8 Communication Services peers, Warner Bros. Discovery (WBD) ranks 9th; the peer median for free cash flow is $19.78B.
Warner Bros. Discovery Free Cash Flow by Year
Warner Bros. Discovery Free Cash Flow 2025: $3.09B
Warner Bros. Discovery free cash flow in 2025 was $3.09B, plunged 30.2% below 2024.
Warner Bros. Discovery Free Cash Flow 2024: $4.43B
Warner Bros. Discovery free cash flow in 2024 was $4.43B, declined 28.1% below 2023.
Warner Bros. Discovery Free Cash Flow 2023: $6.16B
Warner Bros. Discovery free cash flow in 2023 was $6.16B, surged 85.7% from 2022. This figure represents the highest annual value in the available history.
Warner Bros. Discovery Free Cash Flow 2022: $3.32B
Warner Bros. Discovery free cash flow in 2022 was $3.32B, surged 36.8% from 2021.
Warner Bros. Discovery Free Cash Flow 2021: $2.42B
Warner Bros. Discovery free cash flow in 2021 was $2.42B.
See more financial history for Warner Bros. Discovery (WBD).
Sector peers — Free Cash Flow
Companies in the same sector as Warner Bros. Discovery, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $73.27B | Communication Services |
| Meta Platforms, Inc. (META) | $46.11B | Communication Services |
| Comcast Corporation (CMCSA) | $21.89B | Communication Services |
| Verizon Communications Inc. (VZ) | $20.13B | Communication Services |
| AT&T Inc. (T) | $19.44B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.00B | Communication Services |
| The Walt Disney Company (DIS) | $10.08B | Communication Services |
| Netflix, Inc. (NFLX) | $9.46B | Communication Services |
Frequently asked questions
What is Warner Bros. Discovery's free cash flow?
Latest reported free cash flow for Warner Bros. Discovery (WBD) is $3.09B (period ending December 31, 2025).
How has Warner Bros. Discovery free cash flow changed year-over-year?
Warner Bros. Discovery (WBD) free cash flow changed -30.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Warner Bros. Discovery free cash flow?
Warner Bros. Discovery (WBD) free cash flow compound annual growth rate is +5.7% over the most recent 5 years available.
When did Warner Bros. Discovery free cash flow hit its highest annual value?
Warner Bros. Discovery free cash flow reached its highest annual value of $6.16B in 2023.
What was Warner Bros. Discovery free cash flow in 2024?
Warner Bros. Discovery (WBD) free cash flow in 2024 was $4.43B.
What was Warner Bros. Discovery free cash flow in 2025?
Warner Bros. Discovery (WBD) free cash flow in 2025 was $3.09B.
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