Warner Bros. Discovery (WBD) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Q1 2026 earnings due May 6: Warner Bros. Discovery is set to report results before the market opens on Wednesday, May 6, with analysts forecasting ($0.09) EPS and $8.886 billion in revenue.
• In its last quarter (released Feb. 26) WBD missed EPS expectations—reporting ($0.10) vs. a $0.09 estimate—while revenue was $9.46 billion, down 5.7% year-over-year.
• Significant insider selling and mixed sentiment: Insiders have sold about 8.2 million shares in the past 90 days (including large sales by the CFO and a director), and Wall Street’s consensus rating is a "Hold" with a $26.30 price target versus the stock trading around $27.16.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) is anticipated to issue its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $8.8860 billion for the quarter. Parties may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, May 6, 2026 at 4:30 PM ET.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.19). The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) EPS. On average, analysts expect Warner Bros. Discovery to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warner Bros. Discovery Trading Up 0.8%

WBD traded up $0.21 during midday trading on Wednesday, reaching $27.16. 1,548,443 shares of the company's stock traded hands, compared to its average volume of 24,609,211. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. Warner Bros. Discovery has a 52 week low of $8.06 and a 52 week high of $30.00. The firm has a fifty day moving average of $27.65 and a two-hundred day moving average of $26.34. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 93.54 and a beta of 1.63.

Insider Activity

In related news, CFO Gunnar Wiedenfels sold 617,580 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total value of $17,446,635.00. Following the completion of the transaction, the chief financial officer directly owned 691,570 shares in the company, valued at $19,536,852.50. The trade was a 47.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul A. Gould sold 600,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares of the company's stock, valued at approximately $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of hedge funds have recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its holdings in Warner Bros. Discovery by 22.8% in the 4th quarter. Ameriflex Group Inc. now owns 3,108 shares of the company's stock worth $90,000 after acquiring an additional 578 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Warner Bros. Discovery by 1.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,143 shares of the company's stock worth $706,000 after acquiring an additional 620 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in Warner Bros. Discovery by 54.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 2,095 shares of the company's stock worth $60,000 after acquiring an additional 739 shares during the last quarter. L2 Asset Management LLC raised its holdings in Warner Bros. Discovery by 7.0% in the 4th quarter. L2 Asset Management LLC now owns 11,798 shares of the company's stock worth $340,000 after acquiring an additional 772 shares during the last quarter. Finally, Swiss RE Ltd. purchased a new position in Warner Bros. Discovery in the 4th quarter worth approximately $26,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on WBD shares. Argus lowered their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 8th. Deutsche Bank Aktiengesellschaft lowered shares of Warner Bros. Discovery from a "buy" rating to a "hold" rating and raised their price objective for the stock from $29.50 to $31.00 in a report on Friday, February 27th. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a report on Friday. Finally, Wells Fargo & Company started coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They issued an "equal weight" rating and a $31.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.30.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery NASDAQ: WBD is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company's core activities include film and television production and distribution through units such as Warner Bros.

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