Warner Bros. Discovery annual ebitda margin
2007
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2014
2015
2016
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2019
2020
2021
2022
2023
2024
2025
Warner Bros. Discovery EBITDA Margin Growth & History (WBD)
Warner Bros. Discovery's ebitda margin was 17.22% for fiscal 2025.
View full Warner Bros. Discovery company overviewWarner Bros. Discovery annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 17.22% | +24.84 pp |
| 2024 | 2024-12-31 | −7.62% | −23.19 pp |
| 2023 | 2023-12-31 | 15.58% | +16.10 pp |
| 2022 | 2022-12-31 | −0.52% | −30.00 pp |
| 2021 | 2021-12-31 | 29.48% | −6.82 pp |
| 2020 | 2020-12-31 | 36.30% | −2.78 pp |
| 2019 | 2019-12-31 | 39.09% | +7.51 pp |
| 2018 | 2018-12-31 | 31.57% | +16.40 pp |
| 2017 | 2017-12-31 | 15.18% | −21.46 pp |
| 2016 | 2016-12-31 | 36.63% | +0.43 pp |
| 2015 | 2015-12-31 | 36.21% | −1.94 pp |
| 2014 | 2014-12-31 | 38.15% | −2.52 pp |
| 2013 | 2013-12-31 | 40.67% | −3.37 pp |
| 2012 | 2012-12-31 | 44.04% | −2.07 pp |
| 2011 | 2011-12-31 | 46.11% | +5.40 pp |
| 2010 | 2010-12-31 | 40.72% | −0.61 pp |
| 2009 | 2009-12-31 | 41.32% | +3.00 pp |
| 2008 | 2008-12-31 | 38.32% | −40.63 pp |
| 2007 | 2007-12-31 | 78.95% | — |
Warner Bros. Discovery quarterly ebitda margin
Q2.08
Q3.08
Q1.09
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Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
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Q3.16
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Q2.18
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Q2.19
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Q2.22
Q3.22
Q4.22
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.01% | +3.15 pp |
| Q1 2026 | 2026-03-31 | −13.98% | −30.79 pp |
| Q4 2025 | 2025-12-31 | 17.59% | −0.41 pp |
| Q3 2025 | 2025-09-30 | 21.96% | +0.73 pp |
| Q2 2025 | 2025-06-30 | 12.86% | +100.00 pp |
| Q1 2025 | 2025-03-31 | 16.82% | +0.54 pp |
| Q4 2024 | 2024-12-31 | 18.00% | +0.09 pp |
| Q3 2024 | 2024-09-30 | 21.23% | +0.33 pp |
| Q2 2024 | 2024-06-30 | −87.14% | −96.87 pp |
| Q1 2024 | 2024-03-31 | 16.28% | +2.25 pp |
| Q4 2023 | 2023-12-31 | 17.91% | +15.41 pp |
| Q3 2023 | 2023-09-30 | 20.90% | +20.47 pp |
| Q2 2023 | 2023-06-30 | 9.73% | +23.70 pp |
| Q1 2023 | 2023-03-31 | 14.03% | −13.77 pp |
| Q4 2022 | 2022-12-31 | 2.50% | −30.35 pp |
| Q3 2022 | 2022-09-30 | 0.44% | −20.83 pp |
| Q2 2022 | 2022-06-30 | −13.97% | −50.55 pp |
| Q1 2022 | 2022-03-31 | 27.79% | +0.68 pp |
| Q4 2021 | 2021-12-31 | 32.85% | +3.54 pp |
| Q3 2021 | 2021-09-30 | 21.27% | −12.78 pp |
| Q2 2021 | 2021-06-30 | 36.58% | −4.78 pp |
| Q1 2021 | 2021-03-31 | 27.11% | −14.07 pp |
| Q4 2020 | 2020-12-31 | 29.31% | −6.80 pp |
| Q3 2020 | 2020-09-30 | 34.05% | −1.09 pp |
| Q2 2020 | 2020-06-30 | 41.36% | −1.31 pp |
| Q1 2020 | 2020-03-31 | 41.19% | −1.15 pp |
| Q4 2019 | 2019-12-31 | 36.12% | −3.33 pp |
| Q3 2019 | 2019-09-30 | 35.14% | +5.55 pp |
| Q2 2019 | 2019-06-30 | 42.67% | +5.41 pp |
| Q1 2019 | 2019-03-31 | 42.33% | +25.13 pp |
| Q4 2018 | 2018-12-31 | 39.44% | +79.52 pp |
| Q3 2018 | 2018-09-30 | 29.59% | −1.48 pp |
| Q2 2018 | 2018-06-30 | 37.26% | −3.43 pp |
| Q1 2018 | 2018-03-31 | 17.21% | −17.94 pp |
| Q4 2017 | 2017-12-31 | −40.08% | −76.44 pp |
| Q3 2017 | 2017-09-30 | 31.07% | −3.50 pp |
| Q2 2017 | 2017-06-30 | 40.69% | +1.69 pp |
| Q1 2017 | 2017-03-31 | 35.15% | −1.24 pp |
| Q4 2016 | 2016-12-31 | 36.36% | +4.29 pp |
| Q3 2016 | 2016-09-30 | 34.58% | −3.00 pp |
| Q2 2016 | 2016-06-30 | 38.99% | +0.36 pp |
| Q1 2016 | 2016-03-31 | 36.39% | −0.24 pp |
| Q4 2015 | 2015-12-31 | 32.08% | −1.45 pp |
| Q3 2015 | 2015-09-30 | 37.57% | −0.44 pp |
| Q2 2015 | 2015-06-30 | 38.63% | −5.78 pp |
| Q1 2015 | 2015-03-31 | 36.63% | −0.01 pp |
| Q4 2014 | 2014-12-31 | 33.53% | −6.03 pp |
| Q3 2014 | 2014-09-30 | 38.01% | −3.30 pp |
| Q2 2014 | 2014-06-30 | 44.41% | +1.67 pp |
| Q1 2014 | 2014-03-31 | 36.64% | −2.11 pp |
| Q4 2013 | 2013-12-31 | 39.56% | −3.28 pp |
| Q3 2013 | 2013-09-30 | 41.31% | −1.91 pp |
| Q2 2013 | 2013-06-30 | 42.74% | −3.35 pp |
| Q1 2013 | 2013-03-31 | 38.75% | −5.30 pp |
| Q4 2012 | 2012-12-31 | 42.83% | +1.97 pp |
| Q3 2012 | 2012-09-30 | 43.22% | +0.90 pp |
| Q2 2012 | 2012-06-30 | 46.09% | +0.77 pp |
| Q1 2012 | 2012-03-31 | 44.06% | −13.55 pp |
| Q4 2011 | 2011-12-31 | 40.87% | −2.88 pp |
| Q3 2011 | 2011-09-30 | 42.31% | +5.17 pp |
| Q2 2011 | 2011-06-30 | 45.32% | +3.27 pp |
| Q1 2011 | 2011-03-31 | 57.60% | +21.24 pp |
| Q4 2010 | 2010-12-31 | 43.74% | +7.53 pp |
| Q3 2010 | 2010-09-30 | 37.15% | +6.09 pp |
| Q2 2010 | 2010-06-30 | 42.06% | −19.91 pp |
| Q1 2010 | 2010-03-31 | 36.36% | +0.51 pp |
| Q4 2009 | 2009-12-31 | 36.21% | — |
| Q3 2009 | 2009-09-30 | 31.06% | −9.88 pp |
| Q2 2009 | 2009-06-30 | 61.97% | +32.93 pp |
| Q1 2009 | 2009-03-31 | 35.86% | — |
| Q3 2008 | 2008-09-30 | 40.95% | — |
| Q2 2008 | 2008-06-30 | 29.04% | — |
Warner Bros. Discovery ebitda margin trends
Over the last five fiscal years, Warner Bros. Discovery's ebitda margin decreased from 36.30% to 17.22%, a change of −19.08 percentage points. The latest reported quarter, Q2 2026, shows 16.01%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Warner Bros. Discovery source filings ↗Community posts
Warner Bros. Discovery and Miral reveal three Harry Potter lands for Abu Dhabi
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