Warner Bros. Discovery, Inc.
WBDNasdaq · SIC 4841
$25.86
↓ -3.8%Jul 20 close · end-of-day
Price
1Y↑ +102.0%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$67.0B
Enterprise Value
$96.2B
P/E
—
P/S
1.8
P/B
2.1
EV/EBITDA
26.2
PEG
—
FCF Yield
3.5%
Dividend Yield
—
Revenue (TTM)
$37.2B
Net Income (TTM)
-$1.7B
Free Cash Flow (TTM)
$2.3B
Gross Margin
—
Operating Margin
-4.5%
Net Margin
-4.7%
ROE
-5.3%
ROIC
-2.2%
Debt / Equity
1.0
Net Cash
-$29.2B
Return 1Y
+109.3%
Company profile
Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. The company owns and operates various television networks under the Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Investigation Discovery, and Discovery Home & Health brands. Its content spans genres, including survival, natural history, exploration, sports, home, food, travel, and kids.
- CEO
- David M. Zaslav
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Communication
- Employees
- 37,500
- Headquarters
- New York
- Website
- corporate.discovery.com
Management & directors
- Zaslav DavidChief Executive Officer & Pres
- Girdwood AmyChief People & Culture Officer
- Perrette Jean-BriacPres.&CEO, Global Streaming
- Campbell BruceChief Rev & Strategy Officer
- Wiedenfels GunnarChief Financial Officer
- Zeiler GerhardPresident, International
- Aiyar PriyaChief Legal Officer
- Locke Lori C.Chief Accounting Officer
Roles derived from SEC Form 4 filings.
Earnings
Next earnings · estimated2026-08-05
WBD Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$8.9B↓ -1.0%
Diluted EPS-$1.17↑ +550.0%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $10.7B | $12.2B | $33.8B | $41.3B | $39.3B | $37.3B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $2.5B | $2.0B | -$7.4B | -$1.5B | -$10.0B | $738.0M |
| Net income | $1.2B | $1.0B | -$7.4B | -$3.1B | -$11.3B | $727.0M |
| Diluted EPS | $1.81 | $1.54 | -$3.82 | -$1.28 | -$4.62 | $0.29 |
| Operating cash flow | $2.7B | $2.8B | $4.3B | $7.5B | $5.4B | $4.3B |
| Free cash flow | $2.3B | $2.4B | $3.3B | $6.2B | $4.4B | $3.1B |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 23.6% | 16.5% | -21.8% | -3.7% | -25.5% | 2.0% |
| Net margin | 11.4% | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7B | $9.6B | $10.0B | $9.0B | $9.8B | $9.0B | $9.5B | $8.9B |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | -$10.2B | $281.0M | $162.0M | -$37.0M | -$185.0M | $611.0M | $349.0M | -$2.5B |
| Net income | -$10.0B | $135.0M | -$494.0M | -$453.0M | $1.6B | -$148.0M | -$252.0M | -$2.9B |
| Diluted EPS | -$4.07 | $0.05 | -$0.20 | -$0.18 | $0.63 | -$0.06 | -$0.10 | -$1.17 |
| Operating cash flow | $1.2B | $847.0M | $2.7B | $553.0M | $983.0M | $979.0M | $1.8B | -$208.0M |
| Free cash flow | $976.0M | $632.0M | $2.4B | $302.0M | $702.0M | $701.0M | $1.4B | -$476.0M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | -105.1% | 2.9% | 1.6% | -0.4% | -1.9% | 6.8% | 3.7% | -27.8% |
| Net margin | -102.8% | 1.4% | -4.9% | -5.0% | 16.1% | -1.6% | -2.7% | -32.8% |
Company news
Jul 20, 2026
- 1h agoJudge temporarily halts Paramount-Warner Bros. Discovery mergercbsnews.com
- 1h agoSector Update: Consumer Stocks Softer Late Afternoonfinance.yahoo.com
- 2h agoCourt orders Paramount to pause Warner Bros dealuk.finance.yahoo.com
- 2h agoParamount Stock Slips After Judge Temporarily Pauses Warner Bros. Acquisitionfinance.yahoo.com
- 2h agoParamount Skydance-Warner Bros. Discovery merger paused by federal judgeaxios.com
- 2h agoParamount takeover of Warner Bros paused on orders of judgeuk.finance.yahoo.com
- 2h agoJudge temporarily blocks Paramount-Skydance’s $110 bln Warner Bros Discovery dealfinance.yahoo.com
- 3h agoCourt temporarily pauses Paramount’s $110 billion Warner Bros. Discovery dealfinance.yahoo.com
- 3h agoJudge blocks Paramount Warner Bros. merger temporarilyqz.com
- 4h agoJudge orders Paramount to temporarily pause Warner Bros acquisitionfinance.yahoo.com
Jul 17, 2026
- 2d agoCan ‘The Odyssey’ Beat the World Cup?finance.yahoo.com
- 2d agoWarner Bros. Discovery (WBD) Suffers a Larger Drop Than the General Market: Key Insightsfinance.yahoo.com
- 3d agoSector Update: Consumer Stocks Decline Late Afternoonfinance.yahoo.com
- 3d agoWall Street Just Punished Netflix’s Guidance, But the Real Story Could Send the Stock Much Higherbarchart.com
- 3d ago12-State Legal Challenge Clouds Paramount-Warner Bros. Discovery Mergerinvestorshub.advfn.com
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-13 | Zaslav David· Chief Executive Officer & Pres | Sale | 2,089,876 | $27.22 | $56.9M | filing |
| 2026-07-13 | Zaslav David· Chief Executive Officer & Pres | Option exercise | 2,089,876 | $10.16 | $21.2M | filing |
| 2026-07-13 | Zaslav David· Chief Executive Officer & Pres | Sale | 94,906 | $27.22 | $2.6M | filing |
| 2026-06-30 | Noto Anthony | Award | 1,079 | $0.00 | $0.00 | filing |
| 2026-06-12 | Zaslav David· Chief Executive Officer & Pres | Tax withholding | 202,881 | $26.98 | $5.5M | filing |
| 2026-06-09 | Noto Anthony | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | Merchant Fazal F | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | LEVY ANTON J | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | LEE DEBRA L | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | GOULD PAUL A | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | FISHER RICHARD W | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | Di Piazza Samuel A Jr. | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | LOWE KENNETH W | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | LEVIN JOSEPH | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | YANG GEOFFREY Y | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | Sanchez Daniel E. | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-09 | Price Paula A | Award | 9,067 | $0.00 | $0.00 | filing |
| 2026-06-04 | Price Paula A | I | 11,046 | $27.00 | $298,242.00 | filing |
| 2026-04-15 | Girdwood Amy· Chief People & Culture Officer | Tax withholding | 225,624 | $27.20 | $6.1M | filing |
| 2026-03-27 | Price Paula A | Award | 1,340 | $0.00 | $0.00 | filing |
| 2026-03-27 | Noto Anthony | Award | 1,063 | $0.00 | $0.00 | filing |
| 2026-03-16 | Perrette Jean-Briac· Pres.&CEO, Global Streaming | Sale | 659,120 | $27.42 | $18.1M | filing |
| 2026-03-16 | GOULD PAUL A | Sale | 600,000 | $27.35 | $16.4M | filing |
| 2026-03-16 | Merchant Fazal F | Sale | 35,000 | $27.48 | $961,800.00 | filing |
| 2026-03-10 | LEE DEBRA L | Gift | 16,345 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.