Warner Bros. Discovery has aggressively deleveraged, cutting total debt from $42.6B in 2024Q1 to $1.5B in 2026Q2 (D/E of 0.04), which strengthens the balance sheet but comes amid a persistent revenue slide of 11.2% YoY in 2026Q2. The company's streaming pivot ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue contracted 11.2% YoY to $8.7B in 2026Q2 with gross margin at 47.0% but operating margin thin at 2.7%, reflecting content mix volatility and cost pressures.
The company's stock price has appreciated due to ongoing debt reduction efforts, improving financial health.
Warner Bros. Discovery is gaining traction in streaming, contributing to positive financial results.
The planned split into two listed companies by mid-2026 is seen as a catalyst for unlocking shareholder value.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $0.06+142.7% vs -$0.14 | $8.7B-5.8% vs $9.3B |
Q2 2026 May 6, 2026 | -$1.17-975.4% vs -$0.11 | $8.9B+0.0% vs $8.9B |
Q1 2026 Feb 26, 2026 | -$0.10-209.8% vs -$0.03 | $9.5B+1.2% vs $9.4B |
Q4 2025 Nov 6, 2025 | -$0.06+11.6% vs -$0.07 | $9.0B-1.4% vs $9.2B |
Paramount has started syndication for a proposed senior secured term loan of $7.5 billion – a chunk of change it needs to fund the acquisition of Warner Bros. Discovery. It began the process after a legal settlement earlier this week paved the way for the merger to close. Paramount intends to raise approximately $44.
Paramount Skydance said on Thursday it has launched a syndication for a proposed $7.5 billion senior secured term loan, part of a broader financing package to fund its acquisition of Warner Bros Discovery.
Politico and MS NOW reporters were barred from the White House despite a judge's order calling for access to be restored immediately for journalists from Politico, CNN and MS NOW after President Donald Trump banned the news outlets.
Paramount is planning to invite Elon Musk to join the group of equity investors backing its $111 billion acquisition of Warner Bros. Discovery, said a Semafor report citing sources familiar with the matter.
Benchmark WBD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Warner Bros. Discovery, Inc. (WBD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $30.94 | $77.57B | 106.69 | -5.15% | 1.95% | 2.02% | — | |
| $102.19 | $177.45B | 14.92 | 3.35% | 8.7% | 7.47% | — | |
| $62.28 | $27.31B | 16.22 | 5.07% | 9.84% | 14.56% | — | |
| $67.06 | $279.23B | 26.51 | 15.85% | 28.22% | 47.96% | — | |
| $21.57 | $76.54B | 4.00 | -0.02% | 8.97% | 12% | — | |
| $2.77 | $1.59B | -2.25 | 4.57% | -10.59% | — | — |
Warner Bros. Discovery, Inc. (WBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Warner Bros. Discovery, Inc. (WBD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 12, 2026·SEC
Jun 4, 2026·SEC
Feb 27, 2026·SEC
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Warner Bros. Discovery, Inc. (WBD) stock FAQ — growth, dividends, profitability & financials explained
Warner Bros. Discovery, Inc. (WBD) reported $36.12B in revenue for fiscal year 2025. This represents a 7036% increase from $506.1M in 2003.
Warner Bros. Discovery, Inc. (WBD) saw revenue decline by 5.1% over the past year.
Warner Bros. Discovery, Inc. (WBD) reported a net loss of $3.17B for fiscal year 2025.
Warner Bros. Discovery, Inc. (WBD) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.
Warner Bros. Discovery, Inc. (WBD) generated $2.18B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
