Warner Bros. Discovery/$WBD
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About Warner Bros. Discovery
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. In 2026, it intends to split its global networks business from its streaming and studios businesses, forming two separate companies. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
Ticker
$WBD
Sector
Primary listing
Employees
35,000
Headquarters
Website
WBD Metrics
BasicAdvanced
$45B
57.97
$0.31
1.59
-
Price and volume
Market cap
$45B
Beta
1.59
52-week high
$19.60
52-week low
$7.25
Average daily volume
69M
Financial strength
Current ratio
1.044
Quick ratio
0.788
Long term debt to equity
92.141
Total debt to equity
94.297
Interest coverage (TTM)
0.82%
Profitability
EBITDA (TTM)
7,972
Gross margin (TTM)
44.30%
Net profit margin (TTM)
2.00%
Operating margin (TTM)
4.09%
Effective tax rate (TTM)
56.93%
Revenue per employee (TTM)
$1,100,000
Management effectiveness
Return on assets (TTM)
0.94%
Return on equity (TTM)
1.76%
Valuation
Price to earnings (TTM)
57.968
Price to revenue (TTM)
1.152
Price to book
1.24
Price to tangible book (TTM)
-1.15
Price to free cash flow (TTM)
10.891
Free cash flow yield (TTM)
9.18%
Free cash flow per share (TTM)
1.652
Growth
Revenue change (TTM)
-3.74%
Earnings per share change (TTM)
-106.44%
3-year revenue growth (CAGR)
25.77%
10-year revenue growth (CAGR)
19.57%
3-year earnings per share growth (CAGR)
-51.85%
10-year earnings per share growth (CAGR)
-14.10%
What the Analysts think about WBD
Analyst ratings (Buy, Hold, Sell) for Warner Bros. Discovery stock.
Bulls say / Bears say
Warner Bros. Discovery posted an unexpected Q2 2025 profit, powered by streaming and the studio business, gaining 3.4 million new streaming subscribers worldwide and reporting $293 million in adjusted EBITDA versus a $107 million loss a year earlier.
The Studios unit’s revenue jumped 55% year-on-year to $3.8 billion in Q2 2025, driven by the success of major releases like 'A Minecraft Movie' and 'Sinners,' which fueled a 61% rise in content revenue.
In June 2025, bondholders approved changes that removed loan restrictions and allowed Warner Bros. Discovery to buy back nearly half its $37 billion debt, making it easier to cut leverage ahead of the planned company split.
Fitch downgraded Warner Bros. Discovery’s credit rating to junk (‘BB+’) in June 2025, citing the planned mid-2026 split and high debt loads that will leave both companies smaller and more leveraged.
After the split, the streaming and studio business is expected to be saddled with debt totaling about five times its projected 2026 EBITDA, which could hurt its content spending and competitive ability.
Advertising revenue dropped 8.8% to $2.22 billion in Q2 2025 as cable TV viewership continued to decline, highlighting persistent weakness in the Global Networks business.
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.
WBD Financial Performance
Revenues and expenses
WBD Earnings Performance
Company profitability
WBD News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Warner Bros. Discovery stock?
Warner Bros. Discovery (WBD) has a market cap of $45B as of September 18, 2025.
What is the P/E ratio for Warner Bros. Discovery stock?
The price to earnings (P/E) ratio for Warner Bros. Discovery (WBD) stock is 57.97 as of September 18, 2025.
Does Warner Bros. Discovery stock pay dividends?
No, Warner Bros. Discovery (WBD) stock does not pay dividends to its shareholders as of September 18, 2025.
When is the next Warner Bros. Discovery dividend payment date?
Warner Bros. Discovery (WBD) stock does not pay dividends to its shareholders.
What is the beta indicator for Warner Bros. Discovery?
Warner Bros. Discovery (WBD) has a beta rating of 1.59. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.