Warner Bros. Discovery (WBD) Stock Price, News & Analysis

Company Overview

Warner Bros. Discovery, Inc. (NASDAQ: WBD) is a global media and entertainment company formed in April 2022 through the merger of WarnerMedia and Discovery, Inc. The company develops, produces and distributes a wide array of content across film, television, streaming, sports and news. Its portfolio includes legacy entertainment brands such as Warner Bros. Pictures, HBO, CNN, TNT and Cartoon Network, alongside nonfiction and lifestyle networks like Discovery Channel, HGTV and Food Network.

In the streaming arena, Warner Bros. Discovery operates Max, an ad-supported and subscription service featuring original series, blockbuster films and licensed content, as well as Discovery+, which offers documentary and reality programming. The company also generates revenue through linear television advertising, licensing agreements, consumer products and theme-park partnerships, leveraging its extensive library and intellectual property globally.

Warner Bros. Discovery reaches audiences in North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. Its operations span content creation, aggregation and distribution, with local language production and strategic partnerships to tailor offerings to regional markets. The company’s diversified portfolio is designed to capture viewership across traditional broadcast, cable and digital platforms, catering to consumers and advertisers worldwide.

With roots dating back to the founding of Warner Bros. in 1923 and the launch of Discovery Channel in 1985, the merged entity combines decades of storytelling expertise and a deep content library. David Zaslav serves as president and chief executive officer, overseeing a leadership team tasked with integrating two legacy businesses, driving growth in direct-to-consumer offerings and expanding the company’s global footprint.

Key Stats

• Today's Range: $19.55 to $20.58
• 50-Day Range: $11.54 to $20.33
• 52-Week Range: $7.25 to $20.58
• Volume: 71.14 million shs
• Average Volume: 31.60 million shs
• Market Capitalization: $50.33 billion
• P/E Ratio: 67.77
• Dividend Yield: N/A
• Price Target: $17.00
• Consensus Rating: Hold

Warner Bros. Discovery Stock Analysis - MarketRank™

Warner Bros. Discovery scored higher than 37% of companies evaluated by MarketBeat, and ranked 215th out of 295 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Warner Bros. Discovery has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 7 buy ratings, 16 hold ratings, and no sell ratings.

Downside Risk

Warner Bros. Discovery has a consensus price target of $17.00, representing about 16.4% downside from its current price of $20.33.

Amount of Analyst Coverage

Warner Bros. Discovery has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Warner Bros. Discovery are expected to grow in the coming year, from ($4.33) to $0.14 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Warner Bros. Discovery is 67.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 41.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Warner Bros. Discovery is 67.77, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.33.

Price to Earnings Growth Ratio

Warner Bros. Discovery has a PEG Ratio of 2.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Warner Bros. Discovery has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.31% of the float of Warner Bros. Discovery has been sold short.

Short Interest Ratio / Days to Cover

Warner Bros. Discovery has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Warner Bros. Discovery has recently increased by 8.64%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Warner Bros. Discovery does not currently pay a dividend.

Dividend Growth

Warner Bros. Discovery does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.31% of the float of Warner Bros. Discovery has been sold short.

Short Interest Ratio / Days to Cover

Warner Bros. Discovery has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Warner Bros. Discovery has recently increased by 8.64%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.39

News Sentiment

Warner Bros. Discovery has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 54 news articles for Warner Bros. Discovery this week, compared to 30 articles on an average week.

Search Interest

100 people have searched for WBD on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.

MarketBeat Follows

34 people have added Warner Bros. Discovery to their MarketBeat watchlist in the last 30 days. This is an increase of 113% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Warner Bros. Discovery insiders have sold 401.93% more of their company's stock than they have bought. Specifically, they have bought $3,550,000.00 in company stock and sold $17,818,490.00 in company stock.

Percentage Held by Insiders

Only 1.80% of the stock of Warner Bros. Discovery is held by insiders.

Percentage Held by Institutions

59.95% of the stock of Warner Bros. Discovery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WBD Stock Analysis - Frequently Asked Questions

How have WBD shares performed this year?

Warner Bros. Discovery's stock was trading at $10.57 at the beginning of 2025. Since then, WBD stock has increased by 92.3% and is now trading at $20.33.

How were Warner Bros. Discovery's earnings last quarter?

Warner Bros. Discovery, Inc. (NASDAQ:WBD) released its earnings results on Thursday, August, 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.79. The business's quarterly revenue was up 1.0% compared to the same quarter last year.
Read the conference call transcript.

Who are Warner Bros. Discovery's major shareholders?

Top institutional investors of Warner Bros. Discovery include Pacer Advisors Inc. (0.92%), Voya Investment Management LLC (0.13%), Assenagon Asset Management S.A. (0.09%) and Douglas Lane & Associates LLC (0.07%). Insiders that own company stock include Programming P Advance/Newhouse, Gunnar Wiedenfels, Anton J Levy, Savalle Sims, Gerhard Zeiler, Bruce Campbell and Piazza Samuel A Jr Di.
View institutional ownership trends.

How do I buy shares of Warner Bros. Discovery?

Shares of WBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Warner Bros. Discovery own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Warner Bros. Discovery investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/07/2025
• Today: 10/21/2025
• Next Earnings (Estimated): 11/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: BRDCST - RADIO/TV
• Sub-Industry: Communication
• Current Symbol: NASDAQ:WBD
• CIK: 1437107
• Web: corporate.discovery.com
• Phone: (212) 548-5555
• Fax: 240-662-1868
• Employees: 35,000
• Year Founded: 1972

Price Target and Rating

• Average Price Target for Warner Bros. Discovery: $17.00
• High Price Target: $24.00
• Low Price Target: $9.00
• Potential Upside/Downside: -16.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 24 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.30
• Trailing P/E Ratio: 61.07
• Forward P/E Ratio: N/A
• P/E Growth: 2.24
• Net Income: -$11.31 billion
• Net Margins: 2.00%
• Pretax Margin: 3.87%
• Return on Equity: 2.14%
• Return on Assets: 0.74%

Debt

• Debt-to-Equity Ratio: 0.92
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $39.32 billion
• Price / Sales: 1.28
• Cash Flow: $4.37 per share
• Price / Cash Flow: 4.65
• Book Value: $14.19 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 2,475,770,000
• Free Float: 2,431,208,000
• Market Cap: $50.33 billion
• Optionable: Optionable
• Beta: 1.73