Operating

Film and television content rights, games, and production payables, net

Warner Bros. Discovery, Inc. Film and television content rights, games, and production payables, net decreased by 12.9% to -$2.60B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from -$2.85B to -$2.60B. Over 3 years (FY 2021 to FY 2025), Film and television content rights, games, and production payables, net shows a downward trend with a 50.0% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2026May 6, 2026

How to read this metric

Large outflows indicate heavy investment in content production or acquisition, which may precede future revenue.

Detailed definition

This represents the net change in liabilities related to the production, acquisition, and licensing of film and televisi...

Peer comparison

Specific to media and streaming companies with significant content production cycles.

Metric ID: operating_increase_decrease_in_content_rights_and_payables

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value-$845.25M-$845.25M-$845.25M-$3.14B-$3.14B-$3.14B-$3.14B-$3.08B-$3.08B-$3.08B-$3.08B-$3.16B-$2.84B-$2.85B-$3.47B-$2.78B-$2.31B-$2.60B
QoQ Change+0.0%+0.0%-271.5%+0.0%+0.0%+0.0%+2.0%+0.0%+0.0%+0.0%-2.6%+9.9%-0.1%-21.9%+19.8%+17.1%-12.9%
YoY Change-271.5%-271.5%-271.5%+2.0%+2.0%+2.0%+2.0%-2.6%+7.6%+11.8%+18.9%+8.5%
Range-$3.47B-$845.25M
CAGR+30.3%
Avg YoY Growth-63.5%
Median YoY Growth+2.0%

Frequently Asked Questions

What is Warner Bros. Discovery, Inc.'s film and television content rights, games, and production payables, net?
Warner Bros. Discovery, Inc. (WBD) reported film and television content rights, games, and production payables, net of -$2.60B in Q1 2026.
How has Warner Bros. Discovery, Inc.'s film and television content rights, games, and production payables, net changed year-over-year?
Warner Bros. Discovery, Inc.'s film and television content rights, games, and production payables, net increased by 8.5% year-over-year, from -$2.85B to -$2.60B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s film and television content rights, games, and production payables, net?
Over 3 years (2021 to 2025), Warner Bros. Discovery, Inc.'s film and television content rights, games, and production payables, net has grown at a 50.0% compound annual growth rate (CAGR), from -$3.38B to -$11.40B.
What does film and television content rights, games, and production payables, net mean?
The net change in cash owed to content creators and production partners.