Warner Bros. Discovery, Inc. logo WBD - Warner Bros. Discovery, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 12
HOLD 19
SELL 1
STRONG
SELL 0
| PRICE TARGET: $30.80 DETAILS
HIGH: $31.00
LOW: $30.00
MEDIAN: $31.00
CONSENSUS: $30.80
UPSIDE: 15.18%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 37,296 39,321 41,321 33,817 12,191 10,671 11,144 10,553 6,873 6,497 6,394 6,265 5,535 4,487 4,168 3,706 3,458 3,443 76 688 694.5 631.2 506.1 539.3 592.7 295.7
Cost of Revenue 26,785 22,970 24,526 20,442 4,620 3,860 3,819 3,935 2,656 2,432 2,343 2,124 1,689 1,218 1,176 1,013 1,044 1,024 60 454 445.8 380.3 301.0 0 0 0
Gross Profit 10,511 16,351 16,795 13,375 7,571 6,811 7,325 6,618 4,217 4,065 4,051 4,141 3,846 3,269 2,992 2,693 2,414 2,419 16 234 248.7 250.9 205.1 539.3 592.7 295.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 9,418 9,296 9,696 9,678 4,016 2,722 2,788 2,620 1,768 1,690 1,669 1,692 1,598 1,287 1,171 1,174 1,188 1,115 22 177 170.0 153.1 130.3 0 0 0
Other Expenses (216) 17,087 8,647 11,067 1,543 1,574 1,528 2,064 1,736 317 397 388 273 123 18 142 (48) 247 2 172 80.0 80.9 77.2 600.8 943.4 357.9
Operating Expenses 9,202 26,383 18,343 20,745 5,559 4,296 4,316 4,684 3,504 2,007 2,066 2,080 1,871 1,410 1,189 1,316 1,140 1,362 24 349 250.1 234.0 207.5 600.8 943.4 357.9
Operating Income
Operating Income 1,309 (10,032) (1,548) (7,370) 2,012 2,515 3,009 1,934 713 2,058 1,985 2,061 1,975 1,859 1,803 1,377 1,274 1,057 (8) (115) (1.4) 16.9 (2.4) (61.5) (350.6) (62.2)
Interest Expense 2,085 2,017 2,221 1,777 633 692 677 729 475 353 330 328 306 248 208 203 248 258 0 0 0 0 47.5 0 0 0
Interest Income 206 210 179 67 18 10 22 15 21 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0
Profitability
EBITDA 9,416 11,612 22,367 14,171 7,149 6,691 7,171 6,437 2,578 4,119 3,928 3,961 3,508 2,748 2,736 2,002 1,442 1,350 60 (35) 79.1 94.5 71.6 539.3 (350.6) 295.7
EBIT 3,732 (9,371) (1,642) (7,183) 2,066 2,376 2,971 1,751 338 2,024 1,889 2,075 2,042 1,766 1,771 1,155 1,287 1,118 (8) (103) 2.7 16.9 1.1 539.3 (350.6) 295.7
Income Before Tax 1,639 (11,388) (3,863) (8,960) 1,433 1,728 2,294 1,022 (137) 1,671 1,559 1,747 1,736 1,518 1,559 935 1,031 754 (9.2) (2.1) 82.1 101.1 (34.5) 0 0 0
Income Tax Expense 890 94 (784) (1,663) 236 373 81 341 176 453 511 610 659 562 425 277 472 352 59.2 43.9 48.8 35.0 20.2 67.8 608.3 241.5
Net Income 727 (11,311) (3,126) (7,371) 1,006 1,219 2,069 594 (337) 1,194 1,034 1,139 1,075 943 1,132 653 549 317 (68) (46) 33.3 66.1 (52.4) (129.3) (608.3) (303.8)
Per Share Data
EPS (Basic) 0.29 -4.62 -1.28 -3.82 1.55 1.82 2.90 0.86 -0.59 1.97 1.59 1.67 1.51 0.63 1.41 0.78 0.65 0.50 -0.12 -0.08 0.06 0.12 -0.10 -0.23 -1.08 -0.54
EPS (Diluted) 0.29 -4.62 -1.28 -3.82 1.54 1.81 2.86 0.86 -0.59 1.96 1.58 1.66 1.49 1.27 1.40 0.78 0.65 0.49 -0.12 -0.08 0.06 0.12 -0.09 -0.23 -1.09 -0.54
Shares Outstanding 2,475 2,450 2,436 1,940 507 510 535 688 384 401 432 454 330.9 348.9 529.1 569.4 564.9 562.4 561.2 560.4 560.4 560.4 560.4 560.4 560.4 560.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Current Assets
Cash & Cash Equivalents 4,566 5,312 3,780 3,731 3,905 2,091 1,552 986 7,309 300 390 367 408 1,201 1,048 466 623 100 8 155 250.4 21.6 8.6 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 5,294 5,926 7,312 7,611 2,446 2,537 2,633 2,620 1,838 1,495 1,479 1,433 1,371 1,130 1,042 880 812 780 10 147 134.6 151.1 102.9 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 3,346 2,056 2,283 2,112 245 532 579 313 410 310 381 416 350 196 166 164 146 122 352 3 4.4 8.8 0 0 0 0
Total Current Assets 13,206 14,078 14,218 13,999 7,264 6,130 5,217 4,231 9,991 2,502 2,596 2,491 2,410 2,730 2,431 1,735 1,671 1,109 372 317 400.4 199.0 131.4 0 0 0
Non-Current Assets
Property, Plant & Equipment 6,685 6,087 5,957 5,301 1,336 1,206 951 800 597 482 488 554 514 388 379 399 409 395 5 281 256.2 258.7 257.5 0 0 366.9
Goodwill 25,933 25,667 34,969 34,438 12,912 13,070 13,050 13,006 7,073 8,040 8,164 8,236 7,341 6,399 6,291 6,434 6,433 6,891 1,782 2,075 2,133.5 2,135.4 102.9 2,104.7 2,034.1 0
Intangible Assets 27,764 51,401 59,514 71,634 10,149 11,079 11,796 12,743 3,983 3,601 3,760 3,944 3,448 2,166 1,873 1,850 1,850 1,879 1 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 543 507 568 935 335 557 567 644 1,087 1,095 807 0 0 0 0 0 0 2,945.8 2,863.0 2,816.5 2,899.8 0
Other Non-Current Assets 26,497 7,327 8,099 8,629 2,223 2,095 2,153 835 576 490 289 101 179 152 132 601 589 210 3,706 3,198 3,029.1 25.9 8.0 (4,921.2) (4,933.9) (2,682.1)
Total Non-Current Assets 86,879 90,482 108,539 120,002 27,163 27,957 28,518 28,319 12,564 13,170 13,268 13,479 12,569 10,200 9,482 9,284 9,281 9,375 5,494 5,554 5,418.9 5,365.9 5,265.2 0 0 0
Total Assets 100,085 104,560 122,757 134,001 34,427 34,087 33,735 32,550 22,555 15,672 15,864 15,970 14,979 12,930 11,913 11,019 10,952 10,484 5,866 5,871 5,819.2 5,564.8 5,396.6 5,373.1 5,399.7 5,954.7
Current Liabilities
Account Payables 1,093 1,055 1,260 1,454 412 397 463 325 277 241 282 225 141 71 53 87 63 71 1 44 26.9 33.3 12.3 0 0 0
Short-Term Debt 139 2,748 1,780 365 339 335 609 1,819 30 82 119 1,107 17 31 26 20 38 466 0 0 0 0 0 0 0 0
Deferred Revenue 1,642 1,569 1,924 1,694 478 557 489 249 255 163 190 178 144 123 113 114 91 93 25.0 16 17.5 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 31 5 32 85 55 27 171 208 90 89.0 0 0 22.0 12.9 0 0 0
Total Current Liabilities 12,500 15,810 15,332 15,017 3,459 3,082 3,239 3,997 1,871 1,561 1,579 2,604 1,294 946 746 785 783 1,070 120 122 89.9 108.5 60.6 0 0 0
Non-Current Liabilities
Long-Term Debt 32,428 36,757 41,889 48,634 14,420 15,069 14,810 14,974 14,755 7,841 7,616 6,002 6,482 5,212 4,219 3,598 3,457 3,331 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 6,383 6,985 8,736 11,014 1,225 1,534 1,691 1,811 319 467 556 588 637 272 337 304 268 246 1,227 1,175 1,131.5 1,084.0 1,053.1 0 0 0
Other Non-Current Liabilities 11,608 10,070 10,328 10,669 1,927 2,019 2,029 1,251 587 393 421 425 333 207 92 99 175 276 24 25 22.4 25.1 22.6 0 0 0
Total Non-Current Liabilities 50,419 53,812 60,953 70,317 17,572 18,622 18,530 18,036 15,661 8,701 8,593 7,015 7,452 5,691 4,648 4,001 3,900 3,853 1,251 1,200 1,153.9 1,109.0 1,075.8 0 0 0
Total Liabilities 62,919 69,622 76,285 85,334 21,031 21,704 21,769 22,033 17,532 10,262 10,172 9,619 8,746 6,637 5,394 4,786 4,683 4,923 1,371 1,322 1,243.8 1,217.5 1,136.4 1,755.7 1,821.3 1,861.5
Stockholders' Equity
Common Stock 27 27 27 27 7 7 7 7 5 5 5 5 3 3 3 3 3 3 3 3 2.8 0 0 0 0 0
Retained Earnings (11,512) (12,239) (928) 2,205 9,580 8,543 7,333 5,254 4,632 5,232 4,517 3,809 2,892 2,075 1,132 0 (387) (936) (1,253) (1,184) (1,137.8) (1,171.1) (1,237.2) 0 0 0
Accumulated Other Comprehensive Income (407) (1,067) (741) (1,523) (830) (651) (822) (785) (585) (762) (633) (368) 4 4 (23) (33) (21) (78) 17 16 (1.9) 12.3 6.7 0 0 0
Total Stockholders' Equity 35,919 34,037 45,226 47,095 11,599 10,464 9,891 8,386 4,610 5,167 5,451 5,602 6,196 6,291 6,517 6,225 6,197 5,536 4,495 4,549 4,575.4 4,347.3 4,260.3 3,617.4 3,578.4 4,093.2
Total Liabilities & Equity 100,085 104,560 122,757 134,001 34,427 34,087 33,735 32,550 22,555 15,672 15,864 15,970 14,979 12,930 11,913 11,019 10,952 10,484 5,866 5,871 5,819.2 5,564.8 5,396.6 5,373.1 5,399.7 5,954.7
Debt Metrics
Total Debt 32,567 39,505 43,669 48,999 14,759 15,404 15,419 16,793 14,785 7,923 7,735 7,109 6,499 5,243 4,245 3,618 3,495 3,797 0 0 0 0 0 0 0 0
Net Debt 28,001 34,193 39,889 45,268 10,854 13,313 13,867 15,807 7,476 7,623 7,345 6,742 6,091 4,042 3,197 3,152 2,872 3,697 (8) (155) (250.4) (21.6) (8.6) 0 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Operating Activities
Net Income 727 (11,482) (3,079) (7,297) 1,197 1,355 2,213 681 (313) 1,218 1,048 1,137 1,077 945 1,133 669 564 445 (68) (46) 33.3 66.1 (52.4)
Depreciation & Amortization 5,684 20,983 24,009 21,354 5,083 4,315 4,200 4,686 2,240 2,095 2,039 1,886 1,466 982 965 847 155 232 68 68 76.4 77.6 70.5
Stock-Based Compensation 0 557 500 412 178 110 142 80 39 69 35 78 190 154 99 182 228 (66) 0 0 0 0 0
Change in Working Capital (11,302) (12,126) (11,989) (10,982) (3,237) (3,099) (2,973) (2,920) (1,895) (2,071) (1,893) (1,585) (1,521) (1,056) (1,142) (1,151) (830) (316) (15) 19 7.5 (10.6) (14.1)
Other Non-Cash Items 9,920 9,175 380 3,659 88 244 321 180 1,757 96 63 (17) (10) 144 5 110 538 84 16 (9) (82.2) (80.5) 8.0
Operating Cash Flow 4,319 5,375 7,477 4,304 2,798 2,739 3,399 2,576 1,629 1,380 1,294 1,318 1,285 1,099 1,100 668 642 569 57 74 85.3 84.3 29.7
Investing Activities
Capital Expenditure (1,231) (948) (1,316) (987) (373) (402) (289) (147) (135) (88) (103) (120) (115) (77) (58) (49) (55) (102) (47) (78) (90.5) (49.3) (25.9)
Acquisitions 633 (109) (162) 3,444 (186) (220) (327) (8,519) (475) 19 (19) (327) (1,861) (553) (177) (165) 0 37 2 (47) 0 (40.3) 5.5
Purchases of Investments (100) 0 0 0 (189) (250) 0 0 (545) (272) (281) (180) (55) 0 0 (127) (31) 0 0 (52) (0.4) 0 0
Sales/Maturities of Investments 80 677 121 1,058 599 154 179 0 0 0 0 0 0 0 21 0 24 24 28 0 12.8 0 0
Other Investing Activities 72 31 98 9 93 15 (1) 73 522 85 102 59 44 (13) 0 151 300 139 2 8 15.4 (12.7) 0.2
Investing Cash Flow (546) (349) (1,259) 3,524 (56) (703) (438) (8,593) (633) (256) (301) (568) (1,987) (643) (214) (190) 238 98 (15) (169) (62.7) (102.3) (20.2)
Financing Activities
Net Debt Issuance (4,560) (3,426) (5,371) (7,317) (574) (214) (1,404) (216) 6,680 248 806 434 1,198 970 619 77 (371) (411) (1) (0.0) 0.1 0 (403.9)
Stock Repurchased 0 0 0 0 0 (969) (633) 0 (603) (1,431) (957) (1,422) (1,305) (1,380) (997) (605) 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (7) 0 0 0 0 0 0 0 0
Other Financing Activities (313) (323) (466) (425) (279) (366) (320) (67) (126) (1) (768) 210 278 105 88 (113) 15 (363) 0 (0.3) 206.0 31.0 391.0
Financing Cash Flow (4,873) (3,749) (5,837) (7,742) (853) (1,549) (2,357) (283) 5,951 (1,184) (919) (734) (85) (305) (297) (641) (356) (774) 12 0 206.2 31.0 (12.8)
Cash Position
Net Change in Cash (850) 1,097 389 25 1,783 570 566 (6,323) 7,009 (90) 23 (41) (793) 153 582 (157) 529 (109) 54 (95) 228.7 13.0 (3.4)
Cash at Beginning 5,416 4,319 3,930 3,905 2,122 1,552 986 7,309 300 390 367 408 1,201 1,048 466 623 94 209 155 250 21.6 8.6 12.0
Cash at End 4,570 5,416 4,319 3,930 3,905 2,122 1,552 986 7,309 300 390 367 408 1,201 1,048 466 623 100 209 155 250.4 21.6 8.6
Free Cash Flow 3,088 4,427 6,161 3,317 2,425 2,337 3,110 2,429 1,494 1,292 1,191 1,198 1,170 1,022 1,042 619 587 467 10 (4) (5.2) 35.0 3.8
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 37,296 39,321 41,321 33,817 12,191 10,671 11,144 10,553 6,873 6,497 6,394 6,265 5,535 4,487 4,168 3,706 3,458 3,443 76 688 694.5 631.2 506.1 539.3 592.7 295.7
Gross Profit 10,511 16,351 16,795 13,375 7,571 6,811 7,325 6,618 4,217 4,065 4,051 4,141 3,846 3,269 2,992 2,693 2,414 2,419 16 234 248.7 250.9 205.1 539.3 592.7 295.7
Operating Income 1,309 (10,032) (1,548) (7,370) 2,012 2,515 3,009 1,934 713 2,058 1,985 2,061 1,975 1,859 1,803 1,377 1,274 1,057 (8) (115) (1.4) 16.9 (2.4) (61.5) (350.6) (62.2)
Net Income 727 (11,311) (3,126) (7,371) 1,006 1,219 2,069 594 (337) 1,194 1,034 1,139 1,075 943 1,132 653 549 317 (68) (46) 33.3 66.1 (52.4) (129.3) (608.3) (303.8)
EPS (Diluted) 0.29 -4.62 -1.28 -3.82 1.54 1.81 2.86 0.86 -0.59 1.96 1.58 1.66 1.49 1.27 1.40 0.78 0.65 0.49 -0.12 -0.08 0.06 0.12 -0.09 -0.23 -1.09 -0.54
Balance Sheet
Cash & Equivalents 4,566 5,312 3,780 3,731 3,905 2,091 1,552 986 7,309 300 390 367 408 1,201 1,048 466 623 100 8 155 250.4 21.6 8.6 0 0 0
Total Assets 100,085 104,560 122,757 134,001 34,427 34,087 33,735 32,550 22,555 15,672 15,864 15,970 14,979 12,930 11,913 11,019 10,952 10,484 5,866 5,871 5,819.2 5,564.8 5,396.6 5,373.1 5,399.7 5,954.7
Total Debt 32,567 39,505 43,669 48,999 14,759 15,404 15,419 16,793 14,785 7,923 7,735 7,109 6,499 5,243 4,245 3,618 3,495 3,797 0 0 0 0 0 0 0 0
Stockholders' Equity 35,919 34,037 45,226 47,095 11,599 10,464 9,891 8,386 4,610 5,167 5,451 5,602 6,196 6,291 6,517 6,225 6,197 5,536 4,495 4,549 4,575.4 4,347.3 4,260.3 3,617.4 3,578.4 4,093.2
Cash Flow
Operating Cash Flow 4,319 5,375 7,477 4,304 2,798 2,739 3,399 2,576 1,629 1,380 1,294 1,318 1,285 1,099 1,100 668 642 569 57 74 85.3 84.3 29.7
Capital Expenditure (1,231) (948) (1,316) (987) (373) (402) (289) (147) (135) (88) (103) (120) (115) (77) (58) (49) (55) (102) (47) (78) (90.5) (49.3) (25.9)
Free Cash Flow 3,088 4,427 6,161 3,317 2,425 2,337 3,110 2,429 1,494 1,292 1,191 1,198 1,170 1,022 1,042 619 587 467 10 (4) (5.2) 35.0 3.8