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WBD US​

Warner Bros Discovery Inc(WBD US)

Overview

ProfileEntity Structure

Documents

SEC Filings

Warner Bros Discovery Inc — Company Profile

Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.

Sector
Information Technology
Industry
Communications Equipment
Exchange
UQ
Headquarters
NY, US

Key Metrics

Price
$0.00
Market Cap
$0.00
Revenue (TTM)
$0.00
Net Income (TTM)
$0.00
EPS (TTM)
0.00
P/E (TTM)
0.00
P/B (TTM)
0.00
Dividend Yield
0.00%
ROE (TTM)
0.00%

Financials & Metrics

FinancialsChartingShort InterestEmployees
ROA (TTM)
0.00%
Operating Margin
0.00%
Beta
0.00

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.

Location
NY, US
Employees0
Sector
Information Technology
Industry
Communications Equipment

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Latest Documents

SEC Filings(2.3K)

Expand
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-15DNotice of suspension of duty to file (Section 15(d))16 Oct
  • 15-12GNotice of suspension of duty to file16 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • EFFECTNotice of effectiveness8 Oct
  • EFFECTNotice of effectiveness8 Oct
  • EFFECTNotice of effectiveness8 Oct

News

  • Larry Ellison Borrowed Against His Tesla and SpaceX Stock to Fund His Son's Warner Bros. Deal21 Oct
  • Larry Ellison Went on Borrowing Spree to Bankroll His Son's Warner Bros. Bid20 Oct
  • One More Time With Feeling: Paramount-WBD Merger Opponents Aim To Slow Walk Skydance's Paramount+ & HBO Max Consolidation19 Oct
  • What to know about the landmark Warner Bros. Discovery sale11 Oct
  • The ‘Squawk on the Street' crew discuss the Paramount Skydance Warner Bros. Discovery merger8 Oct
  • Ellison Family Invests About $17 Billion in Warner Bros. Takeover8 Oct
  • Why Skydance shares are falling despite Warner Bros. deal completion7 Oct
  • Is my HBO safe? What the Paramount-WBD merger means for the future of CNN, movies, and more.7 Oct
  • Here's what's happening to Paramount+ and HBO Max subscriptions after Paramount-WBD merger?7 Oct
  • Stock Picks From Seeking Alpha's September 2026 New Analysts7 Oct
  • A High-Stakes Gambit Clinched Paramount's Warner Deal6 Oct
  • Read the memo from Skydance's product chief after Paramount and WBD joined forces6 Oct
  • Skydance Chief David Ellison Asks Merger Opponents To “Give Us Time” To “Rebuild Trust”6 Oct
  • Skydance Announces Board, Adding Ynon Kreiz, Laurene Powell Jobs and Bobby Kotick as Directors and Tony Blair as Advisor6 Oct
  • Paramount completes $81bn takeover of Warner Bros Discovery6 Oct
  • Paramount officially merges with Warner Bros. Here's how we got here6 Oct
  • Skydance Stock Dips: What's Going On?6 Oct
  • Skydance Shares Slide After Merger With Warner Bros. Discovery6 Oct
  • ‘A Massive Pile of Debt' Threatens Ellison's New Media Empire6 Oct
  • Warner Bros. Discovery (NASDAQ: WBD) exits Nasdaq after Skydance closes $78 billion deal6 Oct

Mentions in Filings

  • … sold in late 2025, reflected approximately 1% of Cable service revenue in the prior year. Media revenue increased by 9% this quarter, primarily as a result of higher sports revenue and subscriber revenue from the <strong>Warner Bros. Discovery</strong> suite of channels, partially offset by lower advertising revenue. Adjusted EBITDA and margins Consolidated adjusted EBITDA increased 1% this quarter, driven by EBITDA growth across all our businesses, and our ad …
    ROGERS COMMUNICATIONS INCWarner Bros Discovery Inc·EX-99.1 - 6-K - Current report (foreign private issuer)·Q3 26·23 Oct
  • … sold in late 2025, reflected approximately 1% of Cable service revenue in the prior year. Media revenue increased by 9% this quarter, primarily as a result of higher sports revenue and subscriber revenue from the <strong>Warner Bros. Discovery</strong> suite of channels, partially offset by lower advertising revenue. Adjusted EBITDA and margins Consolidated adjusted EBITDA increased 1% this quarter, driven by EBITDA growth across all our businesses, and our ad …
    ROGERS COMMUNICATIONS INCWarner Bros Discovery Inc·EX-99.3 - 6-K - Current report (foreign private issuer)·Q3 26·23 Oct
  • … s a business combination for a total purchase price of approximately $587 million, consisting of cash consideration. On December 4, 2025, the Company entered into a definitive agreement and plan of merger with <strong>Warner Bros. Discovery, Inc.</strong> (“WBD”), to acquire WBD’s streaming and studios businesses, including its film and television studios, HBO Max and HBO (such transaction, the “WBD transaction”), which was then amended by the parties thereto on …
    NETFLIX INCWarner Bros Discovery Inc·10-Q - Quarterly report Q3·Q3 26·21 Oct
  • On October 6, 2026, Skydance Corporation, a Delaware corporation (the “***Company***”), consummated its previously announced acquisition of <strong>Warner Bros. Discovery, Inc.</strong>, a Delaware corporation (“***WBD***”), with WBD surviving as a wholly owned subsidiary of the Company (the “***Merger***”). Following the completion of the Merger, the Company distributed on October 13, 2026, one warrant (each a “***Warrant***” and collectively, the “***Warrants** …
    Skydance CorpWarner Bros Discovery Inc·S-8 - Registration statement (employee benefit plan)·Q4 26·20 Oct
  • … incorporation by reference in this Registration Statement on Form S-8 of Skydance Corporation of our report dated February 27, 2026 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in <strong>Warner Bros. Discovery, Inc.</strong>’s Annual Report on Form 10-K for the year ended December 31, 2025. /s/ PricewaterhouseCoopers LLP New York, New York October 20, 2026
    Skydance CorpWarner Bros Discovery Inc·EX-23.2 - S-8 - EXHIBIT 23.2·Q4 26·20 Oct
  • … munications, Inc., Comcast Corporation, Liberty Global plc, Live Nation Entertainment, Inc., Netflix, Inc., Nexstar Media Group, Inc., Paramount Global, Sinclair Broadcast Group, Inc., Sirius XM Holdings, Inc., <strong>Warner Bros. Discovery, Inc.</strong> and The Walt Disney Company (the “Peer Group”). To avoid creating a conflict of interest hereunder, Advisor shall request and assist any other Person with whom Advisor is affiliated during the Term to institute …
    Fox CorpWarner Bros Discovery Inc·EX-10.2 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q2 27·19 Oct

Key Stats

Trading

Px/Chg 1D$0.00 / +0.00%
52 Wk H$0.00
52 Wk L$0.00
Avg Volume0.00
Beta0.00
Mkt Cap0.00

Float

0
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Estimates

P/E0.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-61.02-3.25-6.08-1.85-267.34-26.60
Price / Sales3.510.710.460.537.128.72
Price / Book Value1.160.510.420.621.882.38
Price / Free Cash Flow-19.847.213.084.7448.71-162.96
ENTERPRISE VALUE METRICS
Enterprise Value78,296.370,760.260,135.856,066.096,617.5107,901.8
Enterprise Value / Sales5.462.091.461.4310.2112.13
Enterprise Value / EBITDA33.644.992.694.8364.7190.98
Enterprise Value / EBIT89.57-9.85-36.62-5.98542.79-42.50

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue32.3%12,191.033,817.041,321.039,321.037,296.0
Gross Income8.5%7,571.013,375.016,795.016,351.010,511.0
EBITDA7.1%7,149.014,171.022,367.011,612.09,416.0
EBIT15.9%2,066.0-7,183.0-1,642.0-9,371.03,732.0
Net Income-7.8%1,006.0-7,371.0-3,126.0-11,311.0727.0
EPS (Diluted)-34.1%1.54-3.82-1.28-4.620.29
BALANCE SHEET
Cash & ST Inv4%3,905.03,731.03,780.05,312.04,566.0
Total Assets30.6%34,427.0134,001.0122,757.0104,560.0100,085.0
Total Liabilities31.5%21,031.085,334.076,285.069,622.062,919.0
Total Shareholder Equity32.7%11,599.047,095.045,226.034,037.035,919.0
CASH FLOW
Net Operating Cash Flow11.5%2,798.04,304.07,477.05,375.04,319.0
Cap Ex34.8%-373.0-987.0-1,316.0-948.0-1,231.0
Free Cash Flow6.2%2,425.03,317.06,161.04,427.03,088.0

Enterprise Value Bridge

Millions USD5 Oct '26
Price (As of 5 Oct '26)30.95
Basic Shares2,507.14
Market Cap77,595.9
Diluted Shares2,492.00
Fully Diluted Shares Outstanding2,492.00
Fully Diluted Market Cap77,127.4
+Consolidated Debt32,466.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-3,264.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,129.0
+Pension Liabilities—
Enterprise Value107,926.9

Segment data

Revenue

by Products and services

  • Distribution Revenue50%
  • Content Licensing Contracts26%
  • Advertising21%
  • Service, Other3%

Revenue

by Geography

  • United States67%
  • Non-us33%

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