Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022. Warner Bros. Discovery operates via two divisions: Streaming & Studios (S&S) and Global Linear Networks (GLN). S&S includes the flagship Warner Bros. studios, HBO, DC Entertainment, and the Warner Bros. Discovery's streaming services. GLN largely includes advertising-supported cable networks. Those networks were inherited from its predecessors Discovery (such as Discovery Channel among others), Scripps Networks Interactive (such as HGTV among others), and Turner Broadcasting System (such as Cartoon Network, CNN, TBS, and TNT). Warner Bros. Discovery International is also included in the division, which manages broadcasting operations outside of the United States.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery, Inc. | 2025-12-16 22:24:34 | 28.69 | -0.21 | -0.73 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WBD | 0001437107 | Warner Bros. Discovery, Inc. | US9344231041 | 5493006ZCRFWKF6B1K26 | 352333914 | Nasdaq | 4841 | Cable & Other Pay Television Services | 1231 | DE | 230 PARK AVENUE SOUTH | NEW YORK | NY | 10003 | UNITED STATES | US | 212-548-5555 | 230 PARK AVENUE SOUTH, NEW YORK, NY, 10003 | 230 PARK AVENUE SOUTH, NEW YORK, NY, 10003 | Discovery, Inc. | Media | 2022-04-08 | David Zaslav | 35,000 | https://www.wbd.com/ | 18,000,000,000 | 2,708,000,000 | 2,477,974,509 | Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022. Warner Bros. Discovery operates via two divisions: Streaming & Studios (S&S) and Global Linear Networks (GLN). S&S includes the flagship Warner Bros. studios, HBO, DC Entertainment, and the Warner Bros. Discovery's streaming services. GLN largely includes advertising-supported cable networks. Those networks were inherited from its predecessors Discovery (such as Discovery Channel among others), Scripps Networks Interactive (such as HGTV among others), and Turner Broadcasting System (such as Cartoon Network, CNN, TBS, and TNT). Warner Bros. Discovery International is also included in the division, which manages broadcasting operations outside of the United States. | 2025-12-11 14:48:40 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 18,000,000,000 | -12,000,000,000 | -40 | 2,454,764,337 | 15,077,100 | 0.618 |
| 2023 | 30,000,000,000 | -2,000,000,000 | -6.25 | 2,439,687,237 | 9,657,255 | 0.3974 |
| 2022 | 32,000,000,000 | 18,000,000,000 | 128.5714 | 2,430,029,982 | 2,294,803,605 | 1,697.0089 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Gerhard Zeiler | President | 2022 | 1,330,813 | 2,946,504 | 3,178,270 | 2,734,429 | 77,573 | 10,267,589 |
| David M. Zaslav | Chief Executive Officer, President | 2021 | 3,000,000 | 4,400,000 | 13,165,436 | 22,000,000 | 1,118,281 | 246,573,481 |
| Gerhard Zeiler | President | 2021 | 3,000,000 | 4,400,000 | 13,165,436 | 22,000,000 | 1,118,281 | 246,573,481 |
| Jean-Briac Perrette | Chief Executive Officer, President | 2017 | 1,549,356 | — | 1,624,477 | 2,879,328 | 486,127 | 8,232,071 |
| David M. Zaslav | Chief Executive Officer, President | 2017 | 3,000,000 | — | 14,994,939 | 8,141,565 | 505,353 | 42,247,984 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 35,000 |
| 2023 | 35,300 |
| 2022 | 37,500 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 39,321,000,000 | 41,321,000,000 | 33,817,000,000 |
| Cost Of Revenue | 22,970,000,000 | 24,526,000,000 | 20,442,000,000 |
| Gross Profit | — | — | — |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 9,296,000,000 | 9,696,000,000 | 9,678,000,000 |
| Operating Expenses | 49,353,000,000 | 42,869,000,000 | 41,187,000,000 |
| Operating Income | -10,032,000,000 | -1,548,000,000 | -7,370,000,000 |
| Net Income | -11,311,000,000 | -3,126,000,000 | -7,371,000,000 |
| Earnings Per Share Basic | -4.62 | -1.28 | -3.82 |
| Earnings Per Share Diluted | -4.62 | -1.28 | -3.82 |
| Weighted Average Shares Outstanding Basic | 2,450,000,000 | 2,436,000,000 | 1,940,000,000 |
| Weighted Average Shares Outstanding Diluted | 2,450,000,000 | 2,436,000,000 | 1,940,000,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 5,312,000,000 | 3,780,000,000 | 3,731,000,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 4,947,000,000 | 6,047,000,000 | 6,380,000,000 |
| Inventories | — | — | — |
| Non Trade Receivables | 2,039,000,000 | 2,780,000,000 | 3,015,000,000 |
| Other Assets Current | 2,056,000,000 | 2,283,000,000 | 2,657,000,000 |
| Total Assets Current | 14,078,000,000 | 14,218,000,000 | 13,999,000,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 6,087,000,000 | 5,957,000,000 | 5,301,000,000 |
| Other Assets Non Current | 7,327,000,000 | 8,099,000,000 | 8,629,000,000 |
| Total Assets Non Current | 90,482,000,000 | 108,539,000,000 | 120,002,000,000 |
| Total Assets | 104,560,000,000 | 122,757,000,000 | 134,001,000,000 |
| Accounts Payable | 1,055,000,000 | 1,260,000,000 | 1,454,000,000 |
| Deferred Revenue | 1,569,000,000 | 1,924,000,000 | 1,694,000,000 |
| Short Term Debt | 2,748,000,000 | 1,780,000,000 | 365,000,000 |
| Other Liabilities Current | 10,438,000,000 | 10,368,000,000 | 11,504,000,000 |
| Total Liabilities Current | 15,810,000,000 | 15,332,000,000 | 15,017,000,000 |
| Long Term Debt | 39,505,000,000 | 43,669,000,000 | 48,999,000,000 |
| Other Liabilities Non Current | 10,070,000,000 | 10,328,000,000 | 10,669,000,000 |
| Total Liabilities Non Current | 53,812,000,000 | 60,953,000,000 | 70,317,000,000 |
| Total Liabilities | 69,622,000,000 | 76,285,000,000 | 85,334,000,000 |
| Common Stock | 27,000,000 | 27,000,000 | 27,000,000 |
| Retained Earnings | -12,239,000,000 | -928,000,000 | 2,205,000,000 |
| Accumulated Other Comprehensive Income | -1,067,000,000 | -741,000,000 | -1,523,000,000 |
| Total Shareholders Equity | 34,037,000,000 | 45,226,000,000 | 47,095,000,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 7,037,000,000 | 7,985,000,000 | 7,193,000,000 |
| Share Based Compensation Expense | 557,000,000 | 500,000,000 | 412,000,000 |
| Other Non Cash Income Expense | -115,000,000 | -259,000,000 | -435,000,000 |
| Change In Accounts Receivable | -1,012,000,000 | -312,000,000 | -181,000,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | -529,000,000 | -820,000,000 | 1,529,000,000 |
| Change In Other Liabilities | 260,000,000 | -824,000,000 | 130,000,000 |
| Cash From Operating Activities | 5,375,000,000 | 7,477,000,000 | 4,304,000,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 948,000,000 | 1,316,000,000 | 987,000,000 |
| Acquisition Of Business | 0 | 50,000,000 | — |
| Other Investing Activities | -31,000,000 | -98,000,000 | -9,000,000 |
| Cash From Investing Activities | -349,000,000 | -1,259,000,000 | 3,524,000,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | 1,617,000,000 | 1,496,000,000 | 0 |
| Repayment Of Long Term Debt | 296,000,000 | 1,350,000,000 | 125,000,000 |
| Other Financing Activities | -130,000,000 | -116,000,000 | -125,000,000 |
| Cash From Financing Activities | -3,749,000,000 | -5,837,000,000 | -7,742,000,000 |
| Change In Cash | 1,097,000,000 | 389,000,000 | 25,000,000 |
| Cash At End Of Period | 5,312,000,000 | 3,780,000,000 | 3,731,000,000 |
| Income Taxes Paid | 1,113,000,000 | 1,440,000,000 | 1,027,000,000 |
| Interest Paid | 1,996,000,000 | 2,237,000,000 | 1,539,000,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | -4.62 | -1.28 | -3.82 |
| Price To Earnings Ratio | -2.2879 | -8.8906 | -2.4817 |
| Earnings Growth Rate | 260.9375 | -66.4921 | -346.4516 |
| Price Earnings To Growth Ratio | -0.0088 | 0.1337 | 0.0072 |
| Book Value Per Share | 14.2604 | 19.0772 | 25.0861 |
| Price To Book Ratio | 0.7412 | 0.5965 | 0.3779 |
| Ebitda | -1,144,000,000 | 8,520,000,000 | 2,626,000,000 |
| Enterprise Value | 62,837,500,000 | 69,390,680,000 | 64,024,200,000 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 1.2414 | 1.0049 | 1.0482 |
| Capital Expenditures | 7,167,000,000 | 8,641,000,000 | 11,158,000,000 |
| Free Cash Flow | -1,792,000,000 | -1,164,000,000 | -6,854,000,000 |
| Return On Equity | -0.3323 | -0.0691 | -0.1565 |
| One Year Beta | 0.9169 | 1.8786 | 1.3088 |
| Three Year Beta | 1.3468 | 1.228 | 0.9997 |
| Five Year Beta | 1.0607 | 1.0615 | 0.9807 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Locke Lori C. | Chief Accounting Officer | 2025-12-10 | 4,122 | D | 100,962 |
| Wiedenfels Gunnar | Chief Financial Officer | 2025-12-10 | 92,592 | A | 1,011,532 |
| Wiedenfels Gunnar | Chief Financial Officer | 2025-12-10 | 92,592 | D | 918,940 |
| Wiedenfels Gunnar | Chief Financial Officer | 2025-12-10 | 150,402 | A | 1,069,342 |
| Wiedenfels Gunnar | Chief Financial Officer | 2025-12-10 | 92,592 | D | 0 |
| Name Of Reporting Person | Type Of Reporting Person | Report Date | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Sheldon Whitehouse | Senator | 2023-10-17 | Sale (Full) | 2023-09-20 | Spouse | $1,001 - $15,000 |
| Sheldon Whitehouse | Senator | 2023-10-17 | Sale (Full) | 2023-09-20 | Self | $1,001 - $15,000 |
| Gary C Peters | Senator | 2023-01-10 | Sale (Full) | 2022-12-12 | Self | $1,001 - $15,000 |
| Gary C Peters | Senator | 2022-05-11 | Exchange | 2022-04-08 | Self | $1,001 - $15,000 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Laurel Lee | 2025-08-11 | FL15 | Sale | 2024-11-29 | Spouse | $1,001 - $15,000 |
| Jefferson Shreve | 2025-06-22 | IN06 | Sale | 2025-05-12 | — | $15,001 - $50,000 |
| August Lee Pfluger | 2025-02-15 | TX11 | Sale | 2025-01-13 | Spouse | $1,001 - $15,000 |
| Laurel Lee | 2025-01-07 | FL15 | Sale (Partial) | 2024-11-29 | Spouse | $1,001 - $15,000 |
| Carol Devine Miller | 2024-09-13 | WV01 | Sale | 2024-08-12 | — | $1,001 - $15,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Keel Point, LLC | 2025-09-30 | 221,490 | 11,341 | 19.53 |
| MIRABELLA FINANCIAL SERVICES LLP | 2025-09-30 | 195,300 | 10,000 | 19.53 |
| FNY Investment Advisers, LLC | 2025-09-30 | 12,000 | 636 | 18.8679 |
| FNY Investment Advisers, LLC | 2025-09-30 | 393,000 | 20,140 | 19.5134 |
| NEW MEXICO EDUCATIONAL RETIREMENT BOARD | 2025-09-30 | 1,987,000 | 101,732 | 19.5317 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| Morningstar Funds Trust | 2025-10-31 | Institutional | MSTRX | 8,000 | 6,080 | 0.0006 |
| Morningstar Funds Trust | 2025-10-31 | Institutional | MSTRX | 2,066,000 | 2,045,216.04 | 0.212 |
| Morningstar Funds Trust | 2025-10-31 | Institutional | MSTRX | 714,000 | 699,613.09 | 0.0725 |
| Morningstar Funds Trust | 2025-10-31 | Institutional | MSTVX | -11,283 | -253,303.35 | -0.1087 |
| Morningstar Funds Trust | 2025-10-31 | Institutional | MSTVX | 35,000 | 31,398.5 | 0.0135 |