Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc.

WBD
Warner Bros. Discovery, Inc.US flagNASDAQ Global Select
26.98
USD
+0.12
- -
67.64BMarket Cap
Warner Bros. Discovery, Inc.
WBD
(NASDAQ Global Select)

Recent

price

26.98

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.51
7.88
12.86
16.72
13.8
14.8
16.2
17.9
21.19
21.07
21.13
24.24
17.43
16.96
16.05
15.07
14.99
Revenue per Share
1.14
2.14
2.7
3.25
2.51
2.39
1.97
-0.59
0.87
2.93
2.16
1.78
-3.82
-1.28
-4.62
0.29
-0.7
Basic EPS, GAAP
1.09
1.97
2.93
3.54
2.64
2.76
3.22
3.89
4.88
5.88
4.63
4.82
1.71
2.53
1.81
1.25
0.93
Free Cash Flow per Basic Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.01
2.15
5.96
8.75
8.4
10.47
13.06
12.08
10.56
13.88
16.93
19.06
1.15
-0.37
-4.98
-4.64
-5.8
Book Value per Share
-3.61
-3.11
-6.52
-13.77
-12.84
-14.43
-15.54
-15.71
-30.59
-24.35
-23.3
-19.21
-29.59
-19.71
-17.2
-14.4
-15.42
Tangible Book Value per Share
569
529
349
331
454
432
401
384
498
529
505
503
1,940
2,436
2,450
2,475
2,483
Basic Weighted Avg Shares
3,706
4,168
4,487
5,535
6,265
6,394
6,497
6,873
10,553
11,144
10,671
12,191
33,817
41,321
39,321
37,296
37,210
Sales/Revenue/Turnover
37.53
40.88
41.56
35.63
33.84
32.09
31.6
30.83
24.64
28.63
25.58
16.18
-10.34
-2.14
0.05
3.51
4.71
Operating Margin (%)
847
965
982
1,466
1,886
2,039
2,095
2,240
4,686
4,200
4,315
5,083
21,354
24,009
20,983
17,539
16,572
Depreciation Expense
653
1,132
943
1,075
1,139
1,034
1,194
-337
594
2,069
1,219
1,006
-7,371
-3,126
-11,311
727
-1,736
Net Income, GAAP
30.78
27.32
37.02
37.96
34.92
32.78
27.11
- -
33.37
3.53
21.59
16.47
- -
- -
- -
54.3
664.92
Effective Tax Rate (%)
17.62
27.16
21.02
19.42
18.18
16.17
18.38
-4.9
5.63
18.57
11.42
8.25
-21.8
-7.57
-28.77
1.95
-4.67
Profit Margin (%)
950
1,685
1,784
1,116
-113
1,017
941
8,120
234
1,978
3,048
3,805
-1,018
-1,114
-1,732
706
-4,374
Working Capital
3,598
4,219
5,212
6,482
6,002
7,616
7,841
14,755
14,974
14,810
15,069
14,420
48,634
41,889
36,757
32,428
30,973
LT Debt
6,233
6,519
6,293
6,233
6,351
5,692
5,410
5,023
10,517
11,966
12,383
13,396
48,667
46,472
34,938
37,166
33,707
Total Equity
9.8
11.99
10.49
10.03
10.46
10.2
11.16
- -
7.35
11.25
7.77
5.9
- -
- -
- -
0.82
- -
Return on Invested Capital (%)
22.81
28.45
17.27
15.07
12.83
10.27
11.02
- -
4.51
10.52
6.28
5.17
- -
- -
- -
6.56
-107.15
Return on Capital (%)
- -
198.95
58.7
43.23
33.95
24.81
16.17
-4.56
8.77
24.62
13.73
9.88
-125.56
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
139
139
1,493
LT Borrowings
33,382
32,428
30,973
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,477
2,480
2,507
Market Capitalization
48,200
71,262
68,174

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
13,062
13,206
11,741
Cash, Cash Equivalents & STI
4,294
4,566
3,264
Accounts Receivable, Net
5,128
5,294
5,009
Inventories
- -
- -
- -
Total Current Liabilities
12,163
12,500
16,115
Payables & Accruals
10,375
10,719
13,030
ST Debt
139
139
1,493
Deferred Revenue
1,649
1,642
1,592

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.31%
49.71%
6.38%
Free Cash Flow
15.78%
13.58%
-30.25%
Net Income, GAAP
-93.41%
-150.47%
-106.43%
Sales/Revenue/Turnover
26.61%
40.77%
-5.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,958
9,713
9,623
10,027
39,321
2025
8,979
9,812
9,045
9,460
37,296
2026
8,893
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.4
-4.07
0.06
-0.2
-4.62
2025
-0.18
0.64
-0.06
- -
0.29
2026
-1.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Warner Bros. Discovery, Inc. (WBD) operates as a global media and entertainment company, producing and distributing content across film, television, streaming, and gaming platforms. The company maintains two primary divisions: Streaming and Studios, encompassing Warner Bros. Motion Picture Group with Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, and Castle Rock Entertainment; Warner Bros. Television Group including Warner Bros. Television, Warner Bros. Animation, Cartoon Network Studios, Williams Street, and Warner Horizon Unscripted Television; DC Studios and DC Entertainment for DC Comics-based film, series, and media; HBO and HBO Max (rebranded as Max) for premium scripted content, Cinemax, and direct-to-consumer streaming; Warner Bros. Games for interactive entertainment; and Warner Bros. Discovery Global Experiences for theme parks and studio tours; and Global Linear Networks, featuring cable brands such as Discovery Channel, TLC, HGTV, Food Network, OWN, Investigation Discovery, Animal Planet, TBS, TNT, TruTV, Cartoon Network, Adult Swim, CNN Worldwide, and TNT Sports with Eurosport and Bleacher Report. It distributes content globally through linear networks, free-to-air and broadcast television, authenticated apps, digital licensing, and subscription services, targeting audiences in over 220 countries and territories with localized operations in regions including Asia-Pacific, EMEA, Latin America, and Poland via hubs like TVN Warner Bros. Discovery. Warner Bros. Discovery, formed in 2022 from the merger of Discovery, Inc. and WarnerMedia, is headquartered in New York, New York, with key studios in Burbank, California. Recent strategic developments include the June 2025 announcement of a tax-free separation into two public companies by mid-2026—Warner Bros. (Streaming and Studios, led by CEO David Zaslav, incorporating HBO Max expansion to 77 markets and targeting 150 million subscribers) and Discovery Global (Global Networks, led by CFO Gunnar Wiedenfels, retaining linear TV assets and assuming debt)—to enhance focus and value; ongoing review of unsolicited acquisition bids from multiple parties including Paramount Skydance, Netflix, and Comcast as of November 2025, with second-round proposals due by December 1 requesting higher valuations amid a 10% share surge; April 2025 Series D investment of $24 million in FloSports alongside partners like Bertelsmann Digital Media Investments; March 2025 acquisition of a 30% stake in Dubai-based OSN Streaming for $57 million; NBA rights settlement in November 2024 preserving highlights access and international games while sublicensing Big 12 sports from Disney; and divestitures such as selling New Zealand assets to Sky Network Television in July 2025 and completing the All3Media sale in May 2024.

Company News

MCPAPIChat
  • Paramount takeover of Warner Bros won't harm competition or consumers, DOJ says

  • DOJ clears Paramount-Warner Bros merger after 8-month antitrust probe, says deal could boost competition

  • Justice Department Greenlights Paramount-Warner Bros Merger With No Conditions

  • DOJ signs off on $111B Paramount takeover of Warner Bros. Discovery

  • Justice Department says Paramount's Warner deal wouldn't harm competition

  • Justice Department Clears Paramount-Warner Bros. Discovery Deal

  • David Ellison's Paramount just got the DOJ's permission to buy WBD

  • Paramount-WBD merger wins approval from DOJ, source says

  • DOJ Gives Thumbs Up To Paramount's $111B WBD Acquisition; States Ponder Next Move

  • US Justice Department approves Paramount's acquisition of Warner Bros, Politico reports

  • There's a ticking time bomb under the Paramount-Warner Bros. deal. Here's what could set it off.

  • Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

  • Warner Bros. Stock Hits a Low.

  • CBS News boss Bari Weiss poised to oversee CNN editorial operations: report

  • Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know

  • Chip stocks bounce back as AI rally resumes; CMA launches inquiry into Paramount-Warner Bros deal – business live

  • Britain begins formal review of Paramount's $110 billion Warner Bros deal

  • ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

  • Stock Market Today, June 5: Warner Bros. Discovery Falls on Reports of State Antitrust Challenge to Paramount Deal

  • Paramount's Warner Bros. acquisition faces lawsuit from states as Hollywood frets over deal: report