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Warner Bros. Discovery, Inc. (WBD)

28.25 -0.12 (-0.42%)
At close: September 4 at 4:00:00 PM EDT
28.25 0.00 (0.00%)
After hours: September 4 at 7:58:29 PM EDT
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What's happening with WBD?

11m ago
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Warner Bros. Discovery (WBD) is navigating a complex landscape marked by mixed valuation views and regulatory challenges surrounding its acquisition by Paramount Skydance. The company's recent performance shows significant year-over-year gains, but concerns about debt and profitability persist amid ongoing merger uncertainties.

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  • Previous Close 28.37
  • Open 28.32
  • Bid 26.05 x 200
  • Ask 29.00 x 200
  • Day's Range 28.21 - 28.35
  • 52 Week Range 11.92 - 30.00
  • Volume 11,413,184
  • Avg. Volume 21,697,206
  • Market Cap (intraday) 70.827B
  • Beta (5Y Monthly) 1.57
  • PE Ratio (TTM) --
  • EPS (TTM) -1.28
  • Earnings Date (est.) Nov 5, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 29.82

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.

www.wbd.com

35,500

Full Time Employees

December 31

Fiscal Year Ends

Entertainment

Industry

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

WBD
1.98%
S&P 500 (^GSPC)
12.75%

1-Year Return

WBD
140.02%
S&P 500 (^GSPC)
18.71%

3-Year Return

WBD
144.38%
S&P 500 (^GSPC)
70.93%

5-Year Return

WBD
0.21%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 8.72B
Earnings 149M
Profit Margin 1.71%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

-2B
0
2B
4B
6B
8B
-30.0%
-20.0%
-10.0%
0.0%

Analyst Insights

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Analyst Price Targets

26.00 Low
29.82 Average
28.25 Current
31.25 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 7/27/2026
Analyst Seaport Global
Rating Action Downgrade
Rating Neutral
Price Action --
Price Target --

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -8.77%

  • Return on Assets (ttm)

    1.71%

  • Return on Equity (ttm)

    -8.79%

  • Revenue (ttm)

    36.12B

  • Net Income Avi to Common (ttm)

    -3.17B

  • Diluted EPS (ttm)

    -1.28

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.41B

  • Total Debt/Equity (mrq)

    94.20%

  • Levered Free Cash Flow (ttm)

    16.17B

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