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WBD

Warner Bros. Discovery, Inc.

WBD

NASDAQ·Communication Services·Entertainment·Mkt cap $67.2B

$26.48

▼ -1.23%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$10.76 - $30.00

P/E

-37.83

Fwd P/E

-140.67

Beta

1.55

Div Yield

0.00%

Avg Vol

20.8M

Shares Out

2.5B

Mkt Cap

$67.2B

Price action

Price chart

Up 141.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Extensive Premium Content Library
  • Diverse Multi-Platform Distribution
  • Strong Brand Portfolio
  • Global Content Production Capabilities
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.6).

Growth

Stable outlook

Streaming Service Expansion

Value

Deep value opportunity - significant discount to Video Streaming peers

Momentum

Stable

-1.9% over 3m

Quality

Strong

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 7, 2026

“
Q2 26 RECAP

MAY 6, 2026

Reported EPS of -$1.17 vs -$0.11 consensus (-975.4% surprise). Revenue of $8.9B vs $8.9B expected (+0.1%).

EPS miss
Rev beat +0.1%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-975.4%

Next: May 7, 2026

Revenue trend · last 8Q

—

—

-2%

-10%

+1%

-6%

-6%

-1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$9.7B

$9.6B

$10.0B

$9.0B

$9.8B

$9.0B

$9.5B

$8.9B

Margins · last 8Q

Gross

34.1%

Operating

8.1%

Profit

-37.5%

View full earnings history →

Wall Street consensus

8 analysts · 13% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

13%

Hold

6

75%

Sell

1

13%

Median Price Target

$31.00

▲ +17.1% vs $26.48

Low $31.00
Median $31.00
High $31.00

Latest: Seaport Global · $31.00 · Jun 29, 2026

2 analysts covering

View full analyst page →

vs Industry

How WBD stacks vs Entertainment

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.