Warner Bros. Discovery, Inc. (WBD) is a Communication Services stock trading at $27.25 (as of 2026-07-15), with a market capitalization of $68.32B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Warner Bros. Discovery makes money by creating and licensing entertainment content (films and TV), distributing it across theaters, linear networks, and direct-to-consumer platforms, and monetizing those audiences through subscriber-related revenues and advertising.
Profit is primarily driven by how well Warner Bros. Discovery can monetize its own content across multiple distribution windows (theaters, linear networks, and direct-to-consumer streaming), because revenue comes from content-related distribution and programming plus subscriber-related and advertising monetization tied to those audiences.
| Studios | $3.3B |
| Network | $3.9B |
| DTC | $2.6B |
Business quality (Weak): Clear multi-platform content monetization story across Studios, Network, and DTC, but the latest quarter shows large network-segment goodwill impairment and a wide operating loss, so segment value and earnings power remain under pressure.
| Price | $27.25 |
| Market Cap | $68.32B |
| EV / EBITDA | 28.2 |
| Price / Book | 2.03 |
| Price / Sales | 1.86 |
| FCF Yield | 3.7% |
| DCF Value (model) | $37.40 |
| DCF Upside vs Price | 37.2% |
| Revenue (TTM) | $37.30B |
| Net Margin | 1.9% |
| Revenue Growth (YoY) | -5.1% |
| EPS Growth (YoY) | -106.3% |
| FCF Growth (YoY) | -30.2% |
| Altman Z-Score | 0.89 (distress) |
| Sector P/E (Communication Services) | 22.7 |
| Industry P/E (Communication) | 15.9 |
| Top Institutional Holder | METEORA CAPITAL, LLC ($9.06B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Communication Services |
| Industry | Communication |
| CEO | David Zaslav |
| Employees | 35,000 |
| Country | US |
| IPO Date | 2005-07-08 |
Data as of 2026-07-15.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.