What is Warner Bros. Discovery, Inc.'s EV / EBITDA?

Warner Bros. Discovery, Inc. (WBD) reported EV / EBITDA of 18.3× in Q1 2026.

What does EV / EBITDA mean?

What the whole business (debt included) costs relative to its operating cash earnings.

How do you interpret EV / EBITDA?

Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.

How does EV / EBITDA compare across companies?

Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.

Warner Bros. Discovery, Inc. WBD EV / EBITDA

EV / EBITDA at other companies

NetflixNFLX

28.7×-7.0×

Walt DisneyDIS

14×-1.2×

Fox CorporationFOXA

11.3×+0.9×

ComcastCMCSA

5.5×-0.7×

Warner Music GroupWMG

10.7×-7.9×

Charter Communications, Inc.CHTR

5.6×-1.1×

Other financials

Income statement

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Revenue$8.9B-1.0%

Gross profit$4.3B+10.5%

Operating income-$2.5B-6,573%

Net income-$2.9B-544%

EPS (diluted)-$1.17-550%

Balance sheet

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Cash & equivalents$3.3B-15.6%

Total debt$1.5B-46.3%

Total equity$32.6B-3.7%

Total assets$97.8B-3.8%

Cash flow

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Operating cash flow-$208.0M-138%

CapEx$268.0M+6.8%

Free cash flow-$476.0M-258%

Valuation

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Market cap$65.79B+161%

Enterprise value$64.02B+166%

P/S1.8×+1.1×

Profitability

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Gross margin45.2%+2.7pp

Operating margin-4.6%-2.1pp

Net margin1.3%+0.7pp

Returns & leverage

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Return on equity1.4%+0.7pp

Debt / equity0×0.0×

Current ratio0.7×-0.1×

Where this comes from

Calculated from Warner Bros. Discovery, Inc.’s reported figures.

enterprise value/ebitda=18.3×

Based on the most recent quarter.

The official record: Warner Bros. Discovery, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s EV / EBITDA?: Warner Bros. Discovery, Inc. (WBD) reported EV / EBITDA of 18.3× in Q1 2026.
What does EV / EBITDA mean?: What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?: Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?: Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.