Business Segments · Segment Adjusted EBITDA

Studios — Segment Adjusted EBITDA

Warner Bros. Discovery, Inc. Studios — Segment Adjusted EBITDA increased by 6.5% to $775.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 199.2%, from $259.00M to $775.00M. Over 3 years (FY 2021 to FY 2025), Studios — Segment Adjusted EBITDA shows an upward trend with a 466.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ1 2026

How to read this metric

An increase indicates improved margins through successful content monetization, effective cost management in production, or higher licensing demand, while a decrease suggests rising production costs or underperforming content releases.

Detailed definition

This metric represents the earnings before interest, taxes, depreciation, and amortization for the film and television p...

Peer comparison

Comparable to segment-level operating income or adjusted EBITDA reported by major media conglomerates and entertainment studios, often benchmarked against production-heavy peers in the film and television industry.

Metric ID: wbd_segment_studios_segment_adjusted_ebitda

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$3.50M$3.50M$3.50M$443.00M$443.00M$443.00M$443.00M$545.75M$545.75M$545.75M$545.75M$210.00M$308.00M$259.00M$863.00M$695.00M$728.00M$775.00M
QoQ Change+0.0%+0.0%>999%+0.0%+0.0%+0.0%+23.2%+0.0%+0.0%+0.0%-61.5%+46.7%-15.9%+233.2%-19.5%+4.7%+6.5%
YoY Change>999%>999%>999%+23.2%+23.2%+23.2%+23.2%-61.5%-43.6%+311.0%+125.6%+199.2%
Range$3.50M$863.00M
CAGR+256.3%
Avg YoY Growth>999%
Median YoY Growth+74.4%
Current Streak2 quarters growth

Frequently Asked Questions

What is Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda?
Warner Bros. Discovery, Inc. (WBD) reported studios — segment adjusted ebitda of $775.00M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda increased by 199.2% year-over-year, from $259.00M to $775.00M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda?
Over 3 years (2021 to 2025), Warner Bros. Discovery, Inc.'s studios — segment adjusted ebitda has grown at a 466.5% compound annual growth rate (CAGR), from $14.00M to $2.55B.
What does studios — segment adjusted ebitda mean?
This is the core operating profit generated by the company's film and television production business before accounting for non-cash expenses and financing costs.