Operating

Content rights amortization and impairment

Warner Bros. Discovery, Inc. Content rights amortization and impairment decreased by 9.5% to $2.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $3.15B to $2.50B. Over 3 years (FY 2021 to FY 2025), Content rights amortization and impairment shows an upward trend with a 50.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2026May 6, 2026

How to read this metric

High levels suggest significant investment in content libraries, while sudden spikes may indicate poor performance of recent content releases.

Detailed definition

This represents the non-cash expense related to the systematic allocation of the cost of film and television content ass...

Peer comparison

Common in media and entertainment firms; peers often report this as a major component of operating cash flow adjustments.

Metric ID: operating_content_amortization_and_writeoffs

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$875.25M$875.25M$875.25M$3.54B$3.54B$3.54B$3.54B$4.01B$4.01B$4.01B$4.01B$3.13B$3.07B$3.15B$3.71B$2.24B$2.76B$2.50B
QoQ Change+0.0%+0.0%+304.5%+0.0%+0.0%+0.0%+13.2%+0.0%+0.0%+0.0%-21.8%-2.1%+2.5%+17.8%-39.5%+23.2%-9.5%
YoY Change+304.5%+304.5%+304.5%+13.2%+13.2%+13.2%+13.2%-21.8%-23.4%-28.4%-9.9%-20.5%
Range$875.25M$4.01B
CAGR+28.0%
Avg YoY Growth+71.8%
Median YoY Growth+13.2%

Frequently Asked Questions

What is Warner Bros. Discovery, Inc.'s content rights amortization and impairment?
Warner Bros. Discovery, Inc. (WBD) reported content rights amortization and impairment of $2.50B in Q1 2026.
How has Warner Bros. Discovery, Inc.'s content rights amortization and impairment changed year-over-year?
Warner Bros. Discovery, Inc.'s content rights amortization and impairment decreased by 20.5% year-over-year, from $3.15B to $2.50B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s content rights amortization and impairment?
Over 3 years (2021 to 2025), Warner Bros. Discovery, Inc.'s content rights amortization and impairment has grown at a 50.2% compound annual growth rate (CAGR), from $3.50B to $11.86B.
What does content rights amortization and impairment mean?
The non-cash cost of expensing film and television content assets over time or writing down their value.