Free cash flow
Warner Bros. Discovery, Inc. Free cash flow decreased by 134.4% to -$476.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 257.6%, from $302.00M to -$476.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 6.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $757.00M | $705.00M | $784.00M | $238.00M | $789.00M | -$192.00M | $2.48B | -$930.00M | $1.72B | $2.06B | $3.31B | $390.00M | $976.00M | $632.00M | $2.43B | $302.00M | $702.00M | $701.00M | $1.38B | -$476.00M |
| QoQ Change | — | -6.9% | +11.2% | -69.6% | +231.5% | -124.3% | >999% | -137.5% | +285.2% | +19.6% | +60.8% | -88.2% | +150.3% | -35.2% | +284.3% | -87.6% | +132.5% | -0.1% | +97.3% | -134.4% |
| YoY Change | — | — | — | — | +4.2% | -127.2% | +216.6% | -490.8% | +118.3% | >999% | +33.4% | +141.9% | -43.3% | -69.3% | -26.6% | -22.6% | -28.1% | +10.9% | -43.1% | -257.6% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Warner Bros. Discovery, Inc.'s free cash flow?
- Warner Bros. Discovery, Inc. (WBD) reported free cash flow of -$476.00M in Q1 2026.
- How has Warner Bros. Discovery, Inc.'s free cash flow changed year-over-year?
- Warner Bros. Discovery, Inc.'s free cash flow decreased by 257.6% year-over-year, from $302.00M to -$476.00M.
- What is the long-term trend for Warner Bros. Discovery, Inc.'s free cash flow?
- Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s free cash flow has grown at a 6.2% compound annual growth rate (CAGR), from $2.43B to $3.09B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.