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.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery, Inc. | 2026-03-03 13:33:24 | 28.24 | -0.26 | -0.93 |
| 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. | 2026-02-26 15:20:55 |
| 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 |
|---|---|
| 2025 | 35,500 |
| 2024 | 35,000 |
| 2023 | 35,300 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 37,296,000,000 | 39,321,000,000 | 41,321,000,000 |
| Cost Of Revenue | 20,885,000,000 | 22,970,000,000 | 24,526,000,000 |
| Gross Profit | — | — | — |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 9,418,000,000 | 9,296,000,000 | 9,696,000,000 |
| Operating Expenses | 36,558,000,000 | 49,353,000,000 | 42,869,000,000 |
| Operating Income | 738,000,000 | -10,032,000,000 | -1,548,000,000 |
| Net Income | 727,000,000 | -11,311,000,000 | -3,126,000,000 |
| Earnings Per Share Basic | 0.29 | -4.62 | -1.28 |
| Earnings Per Share Diluted | 0.29 | -4.62 | -1.28 |
| Weighted Average Shares Outstanding Basic | 2,475,000,000 | 2,450,000,000 | 2,436,000,000 |
| Weighted Average Shares Outstanding Diluted | 2,530,000,000 | 2,450,000,000 | 2,436,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 4,566,000,000 | 5,312,000,000 | 3,780,000,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 5,294,000,000 | 4,947,000,000 | 6,047,000,000 |
| Inventories | — | — | — |
| Non Trade Receivables | 2,230,000,000 | 2,039,000,000 | 2,780,000,000 |
| Other Assets Current | 1,952,000,000 | 2,056,000,000 | 2,283,000,000 |
| Total Assets Current | 13,206,000,000 | 14,078,000,000 | 14,218,000,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 6,685,000,000 | 6,087,000,000 | 5,957,000,000 |
| Other Assets Non Current | 7,383,000,000 | 7,327,000,000 | 8,099,000,000 |
| Total Assets Non Current | 86,879,000,000 | 90,482,000,000 | 108,539,000,000 |
| Total Assets | 100,085,000,000 | 104,560,000,000 | 122,757,000,000 |
| Accounts Payable | 1,093,000,000 | 1,055,000,000 | 1,260,000,000 |
| Deferred Revenue | 1,642,000,000 | 1,569,000,000 | 1,924,000,000 |
| Short Term Debt | 139,000,000 | 2,748,000,000 | 1,780,000,000 |
| Other Liabilities Current | 9,626,000,000 | 10,438,000,000 | 10,368,000,000 |
| Total Liabilities Current | 12,500,000,000 | 15,810,000,000 | 15,332,000,000 |
| Long Term Debt | 32,567,000,000 | 39,505,000,000 | 43,669,000,000 |
| Other Liabilities Non Current | 11,608,000,000 | 10,070,000,000 | 10,328,000,000 |
| Total Liabilities Non Current | 50,419,000,000 | 53,812,000,000 | 60,953,000,000 |
| Total Liabilities | 62,919,000,000 | 69,622,000,000 | 76,285,000,000 |
| Common Stock | 27,000,000 | 27,000,000 | 27,000,000 |
| Retained Earnings | -11,512,000,000 | -12,239,000,000 | -928,000,000 |
| Accumulated Other Comprehensive Income | -407,000,000 | -1,067,000,000 | -741,000,000 |
| Total Shareholders Equity | 35,919,000,000 | 34,037,000,000 | 45,226,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 5,684,000,000 | 7,037,000,000 | 7,985,000,000 |
| Share Based Compensation Expense | 769,000,000 | 557,000,000 | 500,000,000 |
| Other Non Cash Income Expense | -69,000,000 | -115,000,000 | -259,000,000 |
| Change In Accounts Receivable | 336,000,000 | -1,012,000,000 | -312,000,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | 108,000,000 | -529,000,000 | -820,000,000 |
| Change In Other Liabilities | -327,000,000 | 260,000,000 | -824,000,000 |
| Cash From Operating Activities | 4,319,000,000 | 5,375,000,000 | 7,477,000,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 1,231,000,000 | 948,000,000 | 1,316,000,000 |
| Acquisition Of Business | 0 | 0 | 50,000,000 |
| Other Investing Activities | -72,000,000 | -31,000,000 | -98,000,000 |
| Cash From Investing Activities | -1,179,000,000 | -349,000,000 | -1,259,000,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | 18,306,000,000 | 1,617,000,000 | 1,496,000,000 |
| Repayment Of Long Term Debt | 2,000,000,000 | 296,000,000 | 1,350,000,000 |
| Other Financing Activities | -115,000,000 | -130,000,000 | -116,000,000 |
| Cash From Financing Activities | -4,240,000,000 | -3,749,000,000 | -5,837,000,000 |
| Change In Cash | -846,000,000 | 1,097,000,000 | 389,000,000 |
| Cash At End Of Period | 4,566,000,000 | 5,312,000,000 | 3,780,000,000 |
| Income Taxes Paid | 1,926,000,000 | 1,113,000,000 | 1,440,000,000 |
| Interest Paid | 2,295,000,000 | 1,996,000,000 | 2,237,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 0.29 | -4.62 | -1.28 |
| Price To Earnings Ratio | 99.3793 | -2.2879 | -8.8906 |
| Earnings Growth Rate | -106.2771 | 260.9375 | -66.4921 |
| Price Earnings To Growth Ratio | -0.9351 | -0.0088 | 0.1337 |
| Book Value Per Share | 15.0166 | 14.2604 | 19.0772 |
| Price To Book Ratio | 1.9192 | 0.7412 | 0.5965 |
| Ebitda | 10,422,000,000 | -1,144,000,000 | 8,520,000,000 |
| Enterprise Value | 99,469,500,000 | 62,837,500,000 | 69,390,680,000 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 0.9105 | 1.2414 | 1.0049 |
| Capital Expenditures | 6,282,000,000 | 7,167,000,000 | 8,641,000,000 |
| Free Cash Flow | -1,963,000,000 | -1,792,000,000 | -1,164,000,000 |
| Return On Equity | 0.0202 | -0.3323 | -0.0691 |
| One Year Beta | 1.7294 | 0.9169 | 1.8786 |
| Three Year Beta | 1.5742 | 1.3468 | 1.228 |
| Five Year Beta | 1.3205 | 1.0607 | 1.0615 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Zeiler Gerhard | President, International | 2026-02-24 | 191,102 | A | 1,191,492 |
| Zeiler Gerhard | President, International | 2026-02-24 | 341,298 | A | 1,532,790 |
| Wiedenfels Gunnar | Chief Financial Officer | 2026-02-24 | 254,802 | A | 1,173,742 |
| Wiedenfels Gunnar | Chief Financial Officer | 2026-02-24 | 455,064 | A | 1,641,851 |
| Perrette Jean-Briac | Pres.&CEO, Global Streaming | 2026-02-24 | 270,728 | A | 1,766,518 |
| 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 |
|---|---|---|---|---|---|---|
| Gilbert Cisneros | 2026-02-13 | CA31 | Purchase | 2026-01-09 | — | $1,001 - $15,000 |
| Julia Letlow | 2026-01-13 | LA05 | Purchase | 2024-11-01 | — | $1,001 - $15,000 |
| Julia Letlow | 2026-01-13 | LA05 | Sale (Partial) | 2025-07-25 | — | $1,001 - $15,000 |
| Julia Letlow | 2026-01-13 | LA05 | Sale | 2025-12-08 | — | $1,001 - $15,000 |
| Gilbert Cisneros | 2025-12-15 | CA31 | Purchase | 2025-11-18 | — | $1,001 - $15,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Ovata Capital Management Ltd | 2025-12-31 | 2,572,300 | 11,807 | 217.8623 |
| Caitong International Asset Management Co., Ltd | 2025-12-31 | 45,536 | 1,580 | 28.8203 |
| Strategic Investment Solutions, Inc. /IL | 2025-12-31 | 164,563 | 5,710 | 28.8201 |
| Compass Financial Services Inc | 2025-12-31 | 2,968 | 103 | 28.8155 |
| Alpine Global Management, LLC | 2025-12-31 | 6,772,700 | 235,000 | 28.82 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| World Funds Trust | 2025-12-31 | Super Institutional Class | CLIQX | 52,600 | 1,515,932 | 1.1082 |
| World Funds Trust | 2025-12-31 | Institutional Class | CLIFX | 52,600 | 1,515,932 | 1.1082 |
| World Funds Trust | 2025-12-31 | Investor Class | CLFFX | 52,600 | 1,515,932 | 1.1082 |
| PIMCO Equity Series | 2025-12-31 | Class A | PKAAX | 1,362,185 | 39,258,171.7 | 2.9607 |
| PIMCO Equity Series | 2025-12-31 | I-2 | PKAPX | 1,362,185 | 39,258,171.7 | 2.9607 |