Warner Bros Discovery Inc
WBD · NASDAQ · Communication Services / Entertainment
$28.07+0.04 (+0.14%)
Close Sep 16, 2026 · end-of-day
Market Stats
Previous Close$28.03
Open$27.99
Day Range$27.96 – $28.19
52-Week Range$17.08 – $30.92
Volume20.21M
Market Cap$77.37B
P/E (TTM)0.00
Forward P/E434.78
EPS$-1.28
Dividend Yield0.00%
Beta1.57
50-Day Avg$27.67
200-Day Avg$27.62
Price History
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About
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Company Details
- Sector
- Communication Services
- Industry
- Entertainment
- CEO
- Mr. David M. Zaslav
- Employees
- 35.50K
- Headquarters
- 230 Park Avenue South, New York, NY, United States, 10003, USA
- Website
- https://www.wbd.com
Leadership
- Mr. David M. ZaslavPresident, CEO & Director · b. 1960
- Dr. Gunnar Wiedenfels Ph.D.Senior EVP & CFO · b. 1977
- Mr. Bruce L. CampbellCOO and Chief Revenue & Strategy Officer · b. 1967
- Ms. Priya R. Aiyar J.D.Chief Legal Officer · b. 1975
- Mr. Jean-Briac PerrettePresident and CEO of Global Streaming & Games · b. 1971
- Ms. Lori C. LockeChief Accounting Officer & Executive VP · b. 1963
- Mr. Avi SaxenaChief Technology Officer
- Mr. Dave DuvallChief Information Officer
- Peter LeeSenior Vice President of Investor Relations
- Mr. Robert Lane GibbsChief Communications & Public Affairs Officer · b. 1971
Financials
Income Statement
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B | $11.14B | $10.55B | $6.87B | $6.50B | $6.39B | $6.26B | $5.54B | $4.49B | $4.17B | $3.71B | $3.46B | $3.44B | $76.00M | $688.00M | $694.51M | $631.22M | $506.10M | $539.33M | $592.73M | $295.72M |
| Cost of Revenue | $26.79B | $22.97B | $24.53B | $20.44B | $4.62B | $3.86B | $3.82B | $3.94B | $2.66B | $2.43B | $2.34B | $2.12B | $1.69B | $1.22B | $1.18B | $1.01B | $1.04B | $1.02B | $60.00M | $454.00M | $445.84M | $380.29M | $301.00M | - | - | - |
| Gross Profit | $10.51B | $16.35B | $16.80B | $13.38B | $7.57B | $6.81B | $7.33B | $6.62B | $4.22B | $4.07B | $4.05B | $4.14B | $3.85B | $3.27B | $2.99B | $2.69B | $2.41B | $2.42B | $16.00M | $234.00M | $248.67M | $250.93M | $205.10M | $539.33M | $592.73M | $295.72M |
| Operating Income | $1.31B | $-10.03B | $-1.55B | $-7.37B | $2.01B | $2.52B | $3.01B | $1.93B | $713.00M | $2.06B | $1.99B | $2.06B | $1.98B | $1.86B | $1.80B | $1.38B | $1.27B | $1.06B | $-8.00M | $-115.00M | $-1.40M | $16.93M | $-2.40M | $-61.45M | $-350.63M | $-62.21M |
| EBITDA | $9.42B | $11.61B | $22.37B | $14.17B | $7.15B | $6.69B | $7.17B | $6.44B | $2.58B | $4.12B | $3.93B | $3.96B | $3.51B | $2.75B | $2.74B | $2.00B | $1.44B | $1.35B | $60.00M | $-35.00M | $79.09M | $94.54M | $71.60M | $539.33M | $-350.63M | $295.72M |
| Net Income | $727.00M | $-11.31B | $-3.13B | $-7.37B | $1.01B | $1.22B | $2.07B | $594.00M | $-337.00M | $1.19B | $1.03B | $1.14B | $1.07B | $943.00M | $1.13B | $653.00M | $549.00M | $317.00M | $-68.00M | $-46.00M | $33.28M | $66.11M | $-52.39M | $-129.28M | $-608.26M | $-303.76M |
| Interest Expense | $2.08B | $2.02B | $2.22B | $1.78B | $633.00M | $692.00M | $677.00M | $729.00M | $475.00M | $353.00M | $330.00M | $328.00M | $306.00M | $248.00M | $208.00M | $203.00M | $248.00M | $258.00M | - | - | - | - | $47.49M | - | - | - |
Balance Sheet
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $100.08B | $104.56B | $122.76B | $134.00B | $34.43B | $34.09B | $33.73B | $32.55B | $22.55B | $15.67B | $15.86B | $15.97B | $14.98B | $12.93B | $11.91B | $11.02B | $10.95B | $10.48B | $5.87B | $5.87B | $5.82B | $5.56B | $5.40B | $5.37B | $5.40B | $5.95B |
| Total Liabilities | $62.92B | $69.62B | $76.28B | $85.33B | $21.03B | $21.70B | $21.77B | $22.03B | $17.53B | $10.26B | $10.17B | $9.62B | $8.75B | $6.64B | $5.39B | $4.79B | $4.68B | $4.92B | $1.37B | $1.32B | $1.24B | $1.22B | $1.14B | $1.76B | $1.82B | $1.86B |
| Total Equity | $35.92B | $34.04B | $45.23B | $47.09B | $13.40B | $12.38B | $11.97B | $8.39B | $4.61B | $5.17B | $5.45B | $5.60B | $6.20B | $6.29B | $6.52B | $6.22B | $6.20B | $5.54B | $4.50B | $4.55B | $4.58B | $4.35B | $4.26B | $3.62B | $3.58B | $4.09B |
| Cash | $4.57B | $5.31B | $3.78B | $3.73B | $3.90B | $2.09B | $1.55B | $986.00M | $7.31B | $300.00M | $390.00M | $367.00M | $408.00M | $1.20B | $1.05B | $466.00M | $623.00M | $100.00M | $8.00M | $155.00M | $250.35M | $21.64M | $8.60M | - | - | - |
| Total Debt | $32.57B | $39.51B | $43.67B | $49.00B | $14.96B | $15.59B | $15.62B | $16.79B | $14.79B | $7.92B | $7.74B | $7.11B | $6.50B | $5.24B | $4.25B | $3.62B | $3.50B | $3.80B | - | - | - | - | - | - | - | - |
| Net Debt | $28.00B | $34.19B | $39.89B | $45.27B | $10.85B | $13.31B | $13.87B | $15.81B | $7.48B | $7.62B | $7.34B | $6.74B | $6.09B | $4.04B | $3.20B | $3.15B | $2.87B | $3.70B | $-8.00M | $-155.00M | $-250.35M | $-21.64M | $-8.60M | - | - | - |
Cash Flow
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.32B | $5.38B | $7.48B | $4.30B | $2.80B | $2.74B | $3.40B | $2.58B | $1.63B | $1.38B | $1.29B | $1.32B | $1.28B | $1.10B | $1.10B | $668.00M | $642.00M | $569.00M | $57.00M | $74.00M | $85.29M | $84.32M | $29.68M |
| Investing Cash Flow | $-546.00M | $-349.00M | $-1.26B | $3.52B | $-56.00M | $-703.00M | $-438.00M | $-8.59B | $-633.00M | $-256.00M | $-301.00M | $-568.00M | $-1.99B | $-643.00M | $-214.00M | $-190.00M | $238.00M | $98.00M | $-15.00M | $-169.00M | $-62.75M | $-102.28M | $-20.23M |
| Financing Cash Flow | $-4.87B | $-3.75B | $-5.84B | $-7.74B | $-853.00M | $-1.55B | $-2.36B | $-283.00M | $5.95B | $-1.18B | $-919.00M | $-734.00M | $-85.00M | $-305.00M | $-297.00M | $-641.00M | $-356.00M | $-774.00M | $12.00M | $272.00K | $206.17M | $31.00M | $-12.85M |
| Capital Expenditure | $1.23B | $948.00M | $1.32B | $987.00M | $373.00M | $402.00M | $289.00M | $147.00M | $135.00M | $88.00M | $103.00M | $120.00M | $115.00M | $77.00M | $58.00M | $49.00M | $55.00M | $102.00M | $47.00M | $78.00M | $90.53M | $49.29M | $25.86M |
| Free Cash Flow | $3.09B | $4.43B | $6.16B | $3.32B | $2.42B | $2.34B | $3.11B | $2.43B | $1.49B | $1.29B | $1.19B | $1.20B | $1.17B | $1.02B | $1.04B | $619.00M | $587.00M | $467.00M | $10.00M | $-4.00M | $-5.24M | $35.03M | $3.82M |
| Dividends Paid | - | - | - | $300.00M | $251.00M | - | $2.00M | - | $7.84B | $1.11B | - | - | $1.19B | $981.00M | $7.00M | $31.00M | - | - | - | - | - | - | - |
Earnings
| Report Date | Nov 5, 2026 | Aug 6, 2026 | May 7, 2026 | Feb 26, 2026 | Nov 6, 2025 | Aug 7, 2025 | May 8, 2025 | Feb 21, 2025 | Nov 7, 2024 | Aug 7, 2024 | May 9, 2024 | Feb 23, 2024 | Nov 8, 2023 | Aug 3, 2023 | May 5, 2023 | Feb 22, 2023 | Nov 3, 2022 | Aug 5, 2022 | Apr 26, 2022 | Feb 24, 2022 | Nov 3, 2021 | Aug 3, 2021 | Apr 28, 2021 | Feb 22, 2021 | Nov 5, 2020 | Aug 5, 2020 | May 6, 2020 | Feb 27, 2020 | Nov 7, 2019 | Aug 6, 2019 | May 2, 2019 | Feb 26, 2019 | Nov 8, 2018 | Aug 7, 2018 | May 8, 2018 | Feb 27, 2018 | Nov 2, 2017 | Jul 31, 2017 | May 9, 2017 | Feb 14, 2017 | Nov 1, 2016 | Aug 2, 2016 | May 5, 2016 | Feb 18, 2016 | Nov 3, 2015 | Aug 5, 2015 | May 5, 2015 | Feb 19, 2015 | Nov 4, 2014 | Jul 31, 2014 | May 6, 2014 | Feb 13, 2014 | Oct 31, 2013 | Jul 30, 2013 | May 7, 2013 | Feb 14, 2013 | Nov 6, 2012 | Jul 31, 2012 | May 8, 2012 | Feb 16, 2012 | Nov 1, 2011 | Aug 4, 2011 | Apr 28, 2011 | Feb 11, 2011 | Nov 2, 2010 | Aug 3, 2010 | Apr 30, 2010 | Feb 10, 2010 | Nov 3, 2009 | Aug 4, 2009 | May 4, 2009 | Feb 25, 2009 | Nov 7, 2008 | Aug 11, 2008 | May 8, 2008 | Feb 15, 2008 | Nov 7, 2007 | Aug 8, 2007 | May 9, 2007 | Feb 28, 2007 | Nov 13, 2006 | Aug 11, 2006 | May 10, 2006 | Mar 23, 2006 | Nov 9, 2005 | Aug 17, 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS Estimate | $0.02 | $-0.13 | $-0.07 | $0.02 | $-0.08 | $-0.16 | $-0.12 | $0.03 | $-0.07 | $-0.22 | $-0.40 | $-0.07 | $-0.09 | $-0.41 | $0.01 | $-0.24 | $-0.12 | $-0.30 | $0.04 | $0.53 | $0.41 | $0.83 | $0.32 | $0.72 | $0.68 | $0.41 | $0.55 | $0.92 | $0.51 | $1.33 | $0.46 | $0.80 | $0.61 | $0.54 | $0.45 | $0.41 | $0.50 | $0.72 | $0.50 | $0.46 | $0.44 | $0.57 | $0.40 | $0.45 | $0.37 | $0.47 | $0.35 | $0.41 | $0.41 | $0.48 | $0.34 | $0.45 | $0.37 | $0.46 | $0.32 | $0.38 | $0.32 | $0.35 | $0.30 | $0.34 | $0.27 | $0.30 | $0.23 | $0.26 | $0.21 | $0.22 | $0.17 | $0.18 | $0.13 | $0.16 | $0.12 | $0.15 | $0.09 | $0.08 | $0.05 | $0.06 | $0.05 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 |
| EPS Actual | - | $0.06 | $-1.17 | $-0.10 | $-0.06 | $0.63 | $-0.18 | $-0.20 | $0.05 | $-0.18 | $-0.24 | $-0.16 | $-0.17 | $-0.51 | $-0.44 | $-0.42 | $-0.22 | $-1.50 | $0.69 | $0.08 | $0.27 | $0.97 | $0.21 | $0.76 | $0.81 | $0.40 | $0.55 | $0.98 | $0.35 | $1.33 | $0.53 | $0.74 | $0.52 | $0.30 | $0.53 | $0.37 | $0.38 | $0.68 | $0.47 | $0.52 | $0.40 | $0.71 | $0.42 | $0.38 | $0.43 | $0.43 | $0.37 | $0.38 | $0.41 | $0.55 | $0.33 | $0.41 | $0.36 | $0.41 | $0.32 | $0.31 | $0.29 | $0.38 | $0.28 | $0.46 | $0.30 | $0.31 | $0.27 | $0.27 | $0.20 | $0.13 | $0.20 | $0.18 | $0.12 | $0.22 | $0.14 | $0.13 | $0.16 | $0.08 | $0.06 | $-0.30 | $0.02 | $0.13 | $0.04 | $0.01 | $-0.13 | $0.03 | $0.02 | $0.02 | $0.01 | $0.01 |
| Surprise | - | 146.15% | -1511.57% | -600.00% | 25.00% | 493.75% | -50.00% | -878.21% | 171.43% | 18.18% | 40.00% | -128.57% | -88.89% | -24.39% | -4500.00% | -75.00% | -83.33% | -400.00% | 1625.00% | -84.91% | -34.15% | 16.87% | -34.38% | 5.56% | 19.12% | -2.44% | 0.00% | 6.52% | -31.37% | 0.00% | 15.22% | -7.50% | -14.75% | -44.44% | 17.78% | -9.76% | -24.00% | -5.56% | -6.00% | 13.04% | -9.09% | 24.56% | 5.00% | -15.56% | 16.22% | -8.51% | 5.71% | -7.32% | 0.00% | 14.58% | -2.94% | -8.89% | -2.70% | -10.87% | 0.00% | -18.42% | -9.38% | 8.57% | -6.67% | 35.29% | 11.11% | 3.33% | 17.39% | 3.85% | -4.76% | -40.91% | 17.65% | 0.00% | -7.69% | 37.50% | 16.67% | -13.33% | 77.78% | 0.00% | 20.00% | -600.00% | -60.00% | 225.00% | 33.33% | -75.00% | -533.33% | 0.00% | -33.33% | -33.33% | -78.75% | -80.00% |
| Timing | Pre-market | Pre-market | - | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | After-hours | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | After-hours | After-hours | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | Pre-market | After-hours | Pre-market | Pre-market | - | After-hours | Pre-market | Pre-market | Pre-market | After-hours | Pre-market | Pre-market | - | Pre-market | - | - | - | - | - | - | - | - | - | - | - | - | - |
Key Statistics & Ratios
- Market Cap
- $77.37B
- Enterprise Value
- $105.77B
- Trailing P/E
- 0.00
- Forward P/E
- 434.78
- PEG Ratio
- 55.18
- Price / Sales
- 2.14
- Price / Book
- 2.35
- EPS
- $-1.28
- Book Value
- $13.09
- Revenue (TTM)
- $36.12B
- Gross Profit (TTM)
- $17.27B
- EBITDA
- $7.79B
- Profit Margin
- -8.77%
- Operating Margin
- 5.11%
- Return on Equity
- -8.79%
- Return on Assets
- 1.71%
- Shares Outstanding
- 2.51B
- Shares Float
- 2.39B
- Beta
- 1.57
- Dividend Yield
- 0.00%
- Dividend Rate
- $0
- Payout Ratio
- 0.00%
Analyst Ratings
Sell
Based on 27 analystsTarget $30.17
- Strong Buy11
- Buy3
- Hold12
- Strong Sell1
Ownership Breakdown
- Institutions
- 79.24%
- Insiders
- 4.14%
- Retail / Other
- 16.62%
Top Institutional Holders
- BlackRock Inc194.80M7.77%
- Vanguard Capital Management, LLC156.91M6.26%
- State Street Corp127.43M5.08%
- Vanguard Portfolio Management, LLC103.40M4.12%
- Amvescap Plc.77.60M3.10%
- Geode Capital Management, LLC69.94M2.79%
- Millennium Management LLC57.66M2.30%
- Pentwater Capital Management LP47.58M1.90%
- Citadel Advisors Llc44.59M1.78%
- D. E. Shaw & Co LP40.75M1.63%
- FMR Inc32.47M1.30%
- Sessa Capital, L.P31.97M1.27%
- NORGES BANK31.24M1.25%
Top Fund Holders
- Vanguard MStar Total Stk Mkt Idx Invest75.69M3.02%
- Vanguard 500 Index Investor65.84M2.63%
- Invesco QQQ Trust53.93M2.15%
- Vanguard MStar Mid Cap Index Instl51.52M2.05%
- State Street® CommServSelSectSPDR®ETF36.64M1.46%
- iShares Core S&P 500 ETF33.00M1.32%
- Fidelity 500 Index32.05M1.28%
Stock Splits
- Aug 7, 20141957:1000