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

Company Overview

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. Pictures, New Line Cinema and Warner Bros. Television; premium subscription programming via HBO content; and a large collection of cable and broadcast networks drawn from both legacy WarnerMedia and Discovery lineups, including entertainment, news, kids and lifestyle channels. Warner Bros. Discovery also operates a direct-to-consumer streaming service (Max), which aggregates scripted HBO content together with unscripted and lifestyle programming from Discovery’s portfolio. In addition to content creation and streaming, the company generates revenue from advertising, licensing, syndication and global distribution deals.

Warner Bros. Discovery serves audiences and commercial partners worldwide, with operations and localized content in North America, Europe, Latin America and the Asia-Pacific region. Its businesses supply content for cinemas, broadcasters, digital platforms and third-party streaming services, and the company manages extensive intellectual property and franchise catalogs used across multiple media, consumer products and theme-park licensing arrangements.

The company is led by CEO David Zaslav, who has overseen the integration of the two legacy companies and the strategic emphasis on combining premium scripted content with broad unscripted and lifestyle offerings and scaling the company’s streaming and distribution footprint. Warner Bros. Discovery remains focused on leveraging its content library and brands to pursue growth across subscription, advertising and licensing channels.

Key Stats

• Today's Range: $26.90 to $27.13
• 50-Day Range: $26.82 to $27.55
• 52-Week Range: $9.11 to $30.00
• Volume: 9.79 million shs
• Average Volume: 22.95 million shs
• Market Capitalization: $67.66 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $27.04
• Consensus Rating: Hold

Warner Bros. Discovery Stock Analysis - MarketRank™

Warner Bros. Discovery scored higher than 38% of companies evaluated by MarketBeat, and ranked 186th out of 273 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 2.26, and is based on 1 strong buy rating, 6 buy ratings, 14 hold ratings, and 2 sell ratings.

Upside/Downside

The consensus price target for Warner Bros. Discovery is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Warner Bros. Discovery has been the subject of 8 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 ($0.93) to ($0.02) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Warner Bros. Discovery is -38.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Warner Bros. Discovery is -38.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Warner Bros. Discovery has a P/B Ratio of 1.80. 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

2.60% 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 3.98, 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 7.45%, 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.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.83

News Sentiment

Warner Bros. Discovery has a news sentiment score of 0.83. 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 higher news sentiment than the 0.71 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Warner Bros. Discovery this week, compared to 11 articles on an average week.

Search Interest

Only 14 people have searched for WBD on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added Warner Bros. Discovery to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Warner Bros. Discovery insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $91,638,563.00 in company stock.

Percentage Held by Insiders

1.90% 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.

Company Calendar

• Last Earnings: 5/06/2026
• Today: 6/04/2026
• AGM 2026: 6/09/2026
• Next Earnings (Estimated): 8/06/2026
• Fiscal Year End: 12/31/2026

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: 35,500
• Year Founded: 1972

Price Target and Rating

• Average Price Target for Warner Bros. Discovery: $27.04
• High Price Target: $32.00
• Low Price Target: $14.75
• Potential Upside/Downside: +0.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.26
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.70)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $727 million
• Net Margins: -4.67%
• Pretax Margin: -2.81%
• Return on Equity: -4.77%
• Return on Assets: -1.74%

Debt

• Debt-to-Equity Ratio: 0.92
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $37.30 billion
• Price / Sales: 1.81
• Cash Flow: $7.31 per share
• Price / Cash Flow: 3.69
• Book Value: $14.98 per share
• Price / Book: 1.80

Miscellaneous

• Outstanding Shares: 2,507,140,000
• Free Float: 2,459,501,000
• Market Cap: $67.66 billion
• Optionable: Optionable
• Beta: 1.54