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 9/23/2026, 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 |
The U.S. Justice Department on Tuesday urged a federal court to require states seeking to block Paramount Skydance's $110 billion takeover of Warner Bros Discovery to post a "proper bond" covering the costs of any delay in completing the deal.
Netflix is upgraded to a buy as competitive dynamics shift favorably amid PSKY's debt-laden WBD acquisition. NFLX's scale, recurring revenue, and strong profitability support premium valuation and potential for double-digit top-line growth. Management emphasizes monetization and pricing power, guiding for 12% revenue growth and 33.2% operating margin next quarter.
Warner Bros. Discovery, Inc. (NASDAQ: WBD - Get Free Report) Director Kenneth Lowe sold 200,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $28.23, for a total transaction of $5,646,000.00. Following the completion of the transaction, the director directly owned 590,108 shares in the
Warner Bros. Discovery, Inc. (NASDAQ: WBD - Get Free Report) insider Amy Girdwood sold 262,285 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $27.98, for a total transaction of $7,338,734.30. Following the sale, the insider directly owned 539,374 shares of the company's
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 |
|---|---|---|---|---|---|---|---|
| $30.83 | $77.3B | 106.31 | -5.15% | 1.95% | 2.02% | — | |
| $103.83 | $180.3B | 15.16 | 3.35% | 8.7% | 7.47% | — | |
| $64.25 | $28.17B | 16.73 | 5.07% | 9.84% | 14.56% | — | |
| $72.16 | $300.47B | 28.52 | 15.85% | 28.22% | 47.96% | — | |
| $22.42 | $79.56B | 4.16 | -0.02% | 8.97% | 12% | — | |
| $2.97 | $1.7B | -2.41 | 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.
