Warner Bros. Discovery, Inc. (WBD)
$30.95
+0.00 (+0.00%)Delayed quote.
Price history
Daily close- Start
- $22.98
- Latest close
- $30.95
- Period change
- +34.68%
- Period low
- $22.14
- Period high
- $30.95
Key metrics
- Market cap
- $77.60B
- Volume
- 0
- Average volume
- 33.09M
- 52-week range
- —
- Beta
- 1.54
- Last dividend
- —
- EPS (TTM)
- -$1.27
- P/E ratio
- 99.38
- Revenue (TTM)
- $36.12B
- Net income (TTM)
- -$3.17B
- Total assets
- $97.25B
- Total debt
- $32.02B
- Cash and equivalents
- $3.37B
Key financials (trailing twelve months).
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
- Communication Services
- Industry
- Entertainment
- Exchange
- NASDAQ
- CEO
- David Zaslav
- Employees
- 35,500
- Headquarters
- New York City, NY, US
- IPO date
- 2005-07-08
- Website
- https://ir.wbd.com
Financial statements
Annual, last 3 fiscal years. Most recent period first. Reported in USD.
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Revenue | $37.30B | $39.32B | $41.32B |
| Gross profit | $16.41B | $16.35B | $16.80B |
| Operating income | $1.31B | -$10.03B | -$1.55B |
| EBITDA | $21.26B | $11.61B | $22.37B |
| Net income | $727.00M | -$11.31B | -$3.13B |
| Diluted EPS | $0.29 | -$4.62 | -$1.28 |
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $4.57B | $5.31B | $3.78B |
| Total assets | $100.08B | $104.56B | $122.76B |
| Total liabilities | $62.92B | $69.62B | $76.28B |
| Total debt | $32.57B | $39.51B | $43.67B |
| Shareholders’ equity | $35.92B | $34.04B | $45.23B |
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $4.32B | $5.38B | $7.48B |
| Capital expenditure | -$1.23B | -$948.00M | -$1.32B |
| Free cash flow | $3.09B | $4.43B | $6.16B |
Quarterly, last 6 quarters. Most recent period first. Reported in USD.
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | $8.72B | $8.89B | $9.46B | $9.04B | $9.81B | $8.98B |
| Gross profit | $4.10B | $4.25B | $4.24B | $4.48B | $3.85B | $3.85B |
| Operating income | $373.00M | $549.00M | $536.00M | $611.00M | -$185.00M | -$37.00M |
| EBITDA | $3.87B | $1.19B | $4.25B | $4.28B | $8.01B | $4.73B |
| Net income | $149.00M | -$2.92B | -$252.00M | -$148.00M | $1.58B | -$453.00M |
| Diluted EPS | $0.06 | -$1.17 | -$0.10 | -$0.06 | $0.63 | -$0.18 |
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $3.37B | $3.26B | $4.57B | $3.99B | $4.89B | $3.87B |
| Total assets | $97.25B | $97.84B | $100.08B | $100.52B | $101.73B | $101.68B |
| Total liabilities | $63.25B | $64.13B | $62.92B | $63.21B | $64.38B | $66.51B |
| Total debt | $32.02B | $32.47B | $32.57B | $33.75B | $34.63B | $37.43B |
| Shareholders’ equity | $32.84B | $32.58B | $35.92B | $36.02B | $36.05B | $33.84B |
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $848.00M | -$208.00M | $1.80B | $979.00M | $983.00M | $553.00M |
| Capital expenditure | -$276.00M | -$268.00M | -$421.00M | -$278.00M | -$281.00M | -$251.00M |
| Free cash flow | $572.00M | -$476.00M | $1.38B | $701.00M | $702.00M | $302.00M |