Warner Bros. Discovery, Inc. WBD NDXSPX

Communication Services · Entertainment · United States

https://www.wbd.com

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.

Market & Price

Market Cap

$67.72B

Current Price

$27.01

High / Low (52W)

$29.98 / $9.53

Beta

1.57

Valuation

Stock P/E

Industry PE

23.46

Forward P/E

PEG Ratio

216.92

Book Value

$14.48

Price to Book

1.86

P/S

1.82

EV/EBITDA

12.92

Dividend Yield

Profitability & Returns

ROCE

4.25%

ROE

-4.96%

ROA

1.39%

Profit Margin

-4.67%

Op Margin

8.59%

EPS (Latest Qtr)

$-1.17

EPS (TTM)

$-0.70

Balance Sheet & Liquidity

Debt/Equity

0.96

Quick Ratio

0.41

Current Ratio

0.73

Debt

$32.47B

Total Assets

$100.08B

Current Assets

$13.21B

Working Capital

$706.00M

Ownership

Promoter Holding

4.22%

Chg in Prom Hold

FII / Inst Holding

75.80%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$98.02B

Total Revenue (TTM)

$37.21B

EBITDA

$7.58B

Free Cash Flow

$18.47B

Operating Cash Flow

$3.56B

Shares Outstanding

2.51B

Gross Margin

45.75%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

3.32%

Profit 5Y

36.62%

Revenue (YoY)

-1.00%

Earnings (YoY)

PROS

Profit CAGR of 36.6% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Communication Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WBD Warner Bros. Discovery, Inc. NDXSPX	27.01	-	$67.72B	-	4.25%	-4.96%	3.32%	36.62%
2	GOOGL Alphabet Inc. NDXSPXAI	380.34	28.99	$4.61T	0.23%	32.40%	38.88%	12.51%	30.14%
3	META Meta Platforms, Inc. NDXSPXAI	632.51	22.99	$1.61T	0.33%	26.87%	32.93%	19.89%	37.61%
4	NFLX Netflix, Inc. NDXSPXAI	86.02	27.75	$362.21B	-	30.26%	48.49%	12.64%	34.71%
5	APP AppLovin Corporation NDXSPXAI	613.09	53.17	$205.96B	-	70.20%	-	24.84%	609.87%
6	TMUS T-Mobile US, Inc. NDXSPX	187.53	19.93	$202.95B	2.18%	9.27%	18.02%	3.53%	61.90%
7	VZ Verizon Communications Inc. SPX	47.81	11.66	$199.63B	5.92%	8.59%	17.20%	0.33%	-6.86%
8	DIS The Walt Disney Company SPX	101.83	16.29	$176.83B	1.47%	8.46%	11.01%	4.51%	58.00%
9	T AT&T Inc. SPX	24.80	8.16	$172.32B	4.48%	9.23%	18.37%	1.34%	119.18%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	1.61B	1.75B	1.65B	1.86B	2.31B	2.85B	2.59B	2.81B	2.71B	2.88B	2.68B	2.87B	2.68B	2.54B	2.56B	2.79B	3.06B	3.15B	3.16B	9.83B	9.82B	10.70B	10.36B	9.98B	9.96B	9.71B	-	-	8.98B	9.81B	9.04B	9.46B	8.89B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.13B	5.97B	4.56B	5.22B	4.64B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.85B	3.85B	4.48B	4.24B	4.25B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.74B	3.92B	3.74B	3.70B	3.70B
Operating Income	557.00M	505.00M	441.00M	489.00M	586.00M	458.00M	525.00M	487.00M	630.00M	433.00M	-837.00M	204.00M	650.00M	369.00M	711.00M	774.00M	911.00M	619.00M	705.00M	779.00M	717.00M	531.00M	396.00M	779.00M	329.00M	353.00M	-3.64B	-2.19B	-557.00M	-906.00M	97.00M	-267.00M	-10.21B	-	-	107.00M	-79.00M	745.00M	536.00M	549.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.73B	8.01B	4.28B	4.25B	1.19B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	468.00M	463.00M	570.00M	584.00M	581.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-434.00M	2.45B	27.00M	-408.00M	-3.12B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.00M	866.00M	170.00M	-161.00M	-214.00M
Net Income	286.00M	279.00M	219.00M	263.00M	408.00M	219.00M	304.00M	215.00M	374.00M	218.00M	-1.14B	-8.00M	216.00M	117.00M	269.00M	384.00M	947.00M	262.00M	476.00M	377.00M	271.00M	300.00M	140.00M	672.00M	156.00M	456.00M	-3.42B	-2.31B	-1.07B	-1.24B	-417.00M	-966.00M	-9.99B	-	-	-453.00M	1.58B	-148.00M	-252.00M	-2.92B
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	1.01	0.24	0.69	-1.50	-0.95	-0.44	-0.51	-0.17	-0.40	-4.07	-	-0.20	-0.18	0.63	-0.06	-	-1.17

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	6.50B	6.87B	10.55B	11.14B	10.67B	-	33.82B	41.32B	39.32B	37.30B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.44B	24.53B	22.97B	20.89B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.38B	16.80B	16.35B	16.41B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.87B	17.68B	16.33B	15.10B
Operating Income	-8.00M	1.06B	1.27B	1.38B	1.80B	1.86B	1.98B	2.06B	1.99B	2.06B	713.00M	1.93B	3.01B	2.52B	-	-3.50B	-886.00M	18.00M	1.31B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.17B	22.37B	11.61B	21.26B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.78B	2.22B	2.02B	2.08B
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.96B	-3.86B	-11.39B	1.64B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.66B	-784.00M	94.00M	890.00M
Net Income	-68.00M	317.00M	549.00M	653.00M	1.13B	943.00M	1.07B	1.14B	1.03B	1.19B	-337.00M	594.00M	2.07B	1.22B	-	-7.37B	-3.13B	-11.31B	727.00M
Diluted EPS	-0.24	0.98	1.27	1.52	2.80	2.48	2.97	-	-	-	-	-	-	1.81	-	-3.82	-1.28	-4.62	0.29

Compounded Sales Growth

5 Years:	3.32%
1 Year:	-1.00%

Compounded Profit Growth

5 Years:	36.62%
1 Year:	-

Stock Price Performance

1 Year:	+170.91%
6 Months:	+17.64%
3 Months:	-4.12%
1 Month:	-0.15%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	10.48B	10.95B	11.02B	11.91B	12.93B	14.98B	15.97B	15.86B	15.67B	22.55B	32.55B	33.73B	34.09B	-	134.00B	122.76B	104.56B	100.08B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.00B	14.22B	14.08B	13.21B
Cash & Equivalents	-	209.00M	94.00M	623.00M	466.00M	1.05B	1.20B	408.00M	367.00M	390.00M	300.00M	7.31B	986.00M	1.55B	2.09B	-	3.73B	3.78B	5.31B	4.57B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.38B	6.05B	4.95B	5.29B
Total Liabilities	-	-	4.87B	4.68B	4.79B	5.39B	6.64B	8.75B	9.62B	10.17B	10.26B	17.53B	22.03B	21.77B	21.70B	-	85.33B	76.28B	69.62B	62.92B
Current Liabilities	-	-	1.07B	783.00M	785.00M	746.00M	946.00M	1.29B	2.60B	1.58B	1.56B	1.87B	4.00B	3.24B	3.08B	-	15.02B	15.33B	15.81B	12.50B
Long Term Debt	-	-	-	3.50B	3.62B	4.25B	5.24B	6.50B	7.11B	7.74B	7.92B	14.79B	16.79B	15.42B	15.40B	-	48.63B	41.89B	36.76B	32.43B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49.00B	43.67B	39.51B	32.57B
Total Equity	4.55B	-	5.54B	6.20B	6.22B	6.52B	6.29B	6.20B	5.60B	5.45B	-	4.61B	8.39B	9.89B	10.46B	-	47.09B	45.23B	34.04B	35.92B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.66B	2.67B	2.68B	2.71B

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	58.00M	573.00M	642.00M	668.00M	1.10B	1.10B	-	-	-	1.38B	1.63B	2.58B	3.40B	2.74B	-	4.30B	7.48B	5.38B	4.32B
Investing Cash Flow	-15.00M	88.00M	238.00M	-190.00M	-214.00M	-643.00M	-	-	-	-256.00M	-633.00M	-8.59B	-438.00M	-703.00M	-	3.52B	-1.26B	-349.00M	-1.18B
Financing Cash Flow	12.00M	-774.00M	-356.00M	-641.00M	-297.00M	-305.00M	-	-	-	-1.18B	5.95B	-283.00M	-2.36B	-1.55B	-	-7.74B	-5.84B	-3.75B	-4.24B
Capital Expenditure	-47.00M	-102.00M	-55.00M	-49.00M	-58.00M	-77.00M	-115.00M	-120.00M	-103.00M	-88.00M	-135.00M	-147.00M	-289.00M	-402.00M	-	-987.00M	-1.32B	-948.00M	-1.23B
Free Cash Flow	11.00M	471.00M	587.00M	619.00M	1.04B	1.02B	-	-	-	1.29B	1.49B	2.43B	3.11B	2.34B	-	3.32B	6.16B	4.43B	3.09B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86.00M	381.00M	1.28B	-1.10B
Share Buybacks	-	-	-	605.00M	997.00M	1.38B	1.05B	1.23B	698.00M	1.37B	603.00M	0	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.6%	40.6%	41.6%	44.0%
Operating Margin %	-	-	-	-	-	-	-	-	-	31.7%	10.4%	18.3%	27.0%	23.6%	-	-10.3%	-2.1%	0.0%	3.5%
Net Margin %	-	-	-	-	-	-	-	-	-	18.4%	-4.9%	5.6%	18.6%	11.4%	-	-21.8%	-7.6%	-28.8%	1.9%
ROE %	-	5.7%	8.9%	10.5%	17.4%	15.0%	17.3%	20.3%	19.0%	-	-7.3%	7.1%	20.9%	11.6%	-	-15.7%	-6.9%	-33.2%	2.0%
ROCE %	-	11.3%	12.5%	13.5%	16.1%	15.5%	14.4%	15.4%	13.9%	14.6%	3.4%	6.8%	9.9%	8.1%	-	-2.9%	-0.8%	0.0%	1.5%

Shareholding Pattern

Insiders

4.22%

Institutions

75.80%

Public Float

79.14%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.77%	194.80M	$5.26B
2	Vanguard Capital Management LLC	6.26%	156.91M	$4.24B
3	State Street Corporation	5.08%	127.43M	$3.44B
4	Vanguard Portfolio Management LLC	4.12%	103.40M	$2.79B
5	Geode Capital Management, LLC	2.79%	69.94M	$1.89B
6	Pentwater Capital Management Lp	2.00%	50.24M	$1.36B
7	Millennium Management Llc	1.75%	43.94M	$1.19B
8	Harris Associates L.P.	1.31%	32.87M	$887.93M
9	FMR, LLC	1.30%	32.47M	$877.03M
10	Sessa Capital IM, L.P.	1.27%	31.97M	$863.40M

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WBD · Communication Services