Warner Bros. Discovery Inc WBD
At closeOct 5, 2026, 4:00 PM EDT
After hours · Oct 5, 4:00 PM ET
- YTD
- 0.00%
- 1 year
- 0.00%
- Market cap
- 77.60B
- Revenue (ttm)
- 36.12B
- Profit margin
- -8.77%
- EPS (ttm)
- -1.28
- Shares out
- 2.51B
- Forward P/E
- -1238.00
- YTD return
- 0.00%
- 1-year return
- 0.00%
- Volume
- 40
- Avg volume
- 39.39M
- Previous close
- 30.95
- Day's range
- 30.94 – 30.99
- 52-week range
- 18.00 – 30.99
- Beta
- 1.54
- Analysts
- Hold
- Price target
- 30.63 (-1.1%)
- Earnings date
- Nov 5, 2026
Key statistics
- Enterprise value
- 107.48B
- PEG ratio
- 55.18
- Price / sales
- 2.15
- Price / book
- 2.36
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -11.20%
- Free cash flow
- 16.17B
- Total cash
- 3.41B
- Total debt
- 32.02B
- Return on equity
- -8.79%
- Short % of float
- 2.37%
- 50-day average
- 28.39
- 200-day average
- 27.65
Analyst view
Consensus: hold
- Target (low)
- 27.75
- Target (mean)
- 30.63
- Target (high)
- 31.25
- Strong buy0
- Buy2
- Hold10
- Sell0
- Strong sell0
Next earnings
Nov 5, 2026
Expected Nov 5, 2026. Consensus EPS estimate -0.024.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 5, 2026 | Sep 30, 2026 | -0.0374 | — | — | — |
| Aug 6, 2026 | Jun 30, 2026 | -0.14044 | 0.06 | +0.20 | +142.72% |
| May 6, 2026 | Mar 31, 2026 | -0.1088 | -1.17 | -1.06 | -975.37% |
| Feb 25, 2026 | Dec 31, 2025 | -0.03228 | -0.10 | -0.07 | -209.79% |
| Nov 6, 2025 | Sep 30, 2025 | -0.06786 | -0.06 | +0.01 | +11.58% |
| Aug 7, 2025 | Jun 30, 2025 | -0.23974 | 0.63 | +0.87 | +362.78% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 29, 2026 | Argus Research | down | Hold | Sell |
| Sep 22, 2026 | Morgan Stanley | main | Equal-Weight | Equal-Weight |
| Aug 18, 2026 | Argus Research | reit | Buy | Buy |
| Jul 27, 2026 | Seaport Global | down | Buy | Neutral |
| Jun 29, 2026 | Seaport Global | up | Neutral | Buy |
| May 7, 2026 | UBS | main | Neutral | Neutral |
About Warner Bros. Discovery Inc
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 engages 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, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Espanol, Hogar de HGTV, and other brands. The company was incorporated in 2008 and is based in New York, New York. As of October 6, 2026, Warner Bros. Discovery, Inc. operates as a subsidiary of Skydance Corporation.
- Sector
- Communication Services
- Industry
- Entertainment
- Country
- United States
News
Capital-Light Expansion Isn't a Golden Ticket—How To Stress-Test Valuations 
Warner Bros. Pictures Animation and Amazon Ads Invite Audiences to Play Inside the World of The Cat in the Hat Ahead of Film's Premiere 
Larry Ellison Borrowed Against His Tesla and SpaceX Stock to Fund His Son's Warner Bros. Deal 
Larry Ellison Went on Borrowing Spree to Bankroll His Son's Warner Bros. Bid 
One More Time With Feeling: Paramount-WBD Merger Opponents Aim To Slow Walk Skydance's Paramount+ & HBO Max Consolidation 
What's Going On With Skydance Stock Wednesday? 
Reported Earlier: Skydance Distributes 470.7M Warrants To Shareholders, Each Exercisable For 1 Class B Share At $12; Issues $11.98B In U.S. Notes And €546.5M In Euro Notes In Warner Bros. Discovery Merger Exchange 
What to know about the landmark Warner Bros. Discovery sale 
Deal Dispatch: Uber Buys ezCater For $2.3B, Skydance Takes Over Warner Bros., True Food Kitchen Bankruptcy 
David Zaslav Made Nearly $800 Million from Paramount Deal in 2026: Here’s the Math
Your note
Sign in to keep a note on WBD — it syncs with the Stock Master app.
Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CAMPBELL BRUCE L | Officer | Sale | Mar 8, 2026 | 604,666 |
| DI PIAZZA SAMUEL A. JR. | Director | Stock Award(Grant) | Jun 8, 2026 | 216,519 |
| GOULD PAUL A | Director | Stock Award(Grant) | Jun 8, 2026 | 253,424 |
| LEVY ANTON J | Director | Sale | Sep 2, 2026 | 618,067 |
| LOWE KENNETH W | Director | Sale | Sep 9, 2026 | 590,901 |
| PRICE PAULA A | Director | Stock Award(Grant) | Jun 8, 2026 | 92,218 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 7.89% | 198,085,828 | 6.13B | Jun 29, 2026 |
| Vanguard Capital Management LLC | 6.32% | 158,635,529 | 4.91B | Jun 29, 2026 |
| State Street Corporation | 5.11% | 128,364,674 | 3.97B | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 4.19% | 105,102,281 | 3.25B | Jun 29, 2026 |
| Invesco Ltd. | 3.19% | 80,086,951 | 2.48B | Jun 29, 2026 |
| Geode Capital Management, LLC | 2.78% | 69,897,377 | 2.16B | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.01% | 75,610,712 | 2.34B | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard 500 Index Fund | 2.56% | 64,224,548 | 1.99B | Jun 29, 2026 |
| Invesco QQQ Trust, Series 1 | 2.15% | 53,931,827 | 1.67B | Aug 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund | 2.06% | 51,608,076 | 1.60B | Jun 29, 2026 |
| SELECT SECTOR SPDR TRT-State Street Communication Services Select Sect | 1.46% | 36,730,952 | 1.14B | Aug 30, 2026 |
| iShares Trust-iShares Core S&P 500 ETF | 1.31% | 33,003,761 | 1.02B | Aug 30, 2026 |