Warner Bros. Discovery (WBD)
Communication Services · broadcasting & entertainment · NASDAQ
Warner Bros. Discovery is a diversified media giant operating iconic film, television, and streaming brands on a global scale.
What Warner Bros. Discovery does
Warner Bros. Discovery is a global media and entertainment company that creates and distributes a portfolio of content and brands across television, film, and streaming platforms. Its operations encompass the production and distribution of filmed entertainment, television programming, news, and sports, alongside a range of direct-to-consumer streaming services. The company maintains a vast library of motion pictures, television programs, and animation, serving audiences worldwide.
Themes: media and entertainment, streaming platforms, content creation, broadcast television, digital advertising
Fundamentals
- Price$30.95 as of 2026-10-07 close
- Market cap$77.7B as of 2026-07-23 (share count; price 2026-10-07)
- 1-year return+66.4% 2025-10-07 close $18.60 → 2026-10-07 close $30.95
- P/En/a negative earnings
- Net margin+1.9% FY2025, SEC XBRL
- ROE+2.0% FY2025, SEC XBRL
- Debt / equity0.98 as of 2026-09-02
- Revenue growth (YoY)-6.0% as of 2026-09-02
- Revenue CAGR (3y)+3.3% SEC XBRL
- Beta1.36 as of 2026-09-02
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How WBD compares in its sector
- net profit marginmiddle range 127 covered Communication Services peers, as of 2026-09-02
- operating marginmiddle range 123 covered Communication Services peers, as of 2026-09-02
- return on equitymiddle range 113 covered Communication Services peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 123 covered Communication Services peers
- free cash flow (absolute dollars, latest fiscal year)top 10% 115 covered Communication Services peers, as of FY2025
Position among covered Communication Services companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
WBD is not currently in any published Top 10 list. Its scores are below.
Top 10 score
41.4 #1136 of 1,379 scored · #46 of 55 in Communication Services
Trend 81st (a strong uptrend, with buyers in control) and valuation 63rd (price to book 2.4); weakest is capital return (20th, net share count bought back over the year -3.3).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
How Warner Bros. Discovery looks technically
Warner Bros. Discovery (WBD) is trading 11.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 13 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with buyers in control. Momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 75, in overbought territory (above 70). It made a new 20-day high about 6 trading days ago. It is trading right at its highest price of the past year (its 52-week high). Trading volume is unusually light — only about 0% of its 30-day average.
Trend
7
| Distance from the 200-day | it is trading 11.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +11.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $28.55 | $28.55 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $27.78 | $27.78 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 16 calendar days ago — the swings before that are what the structure reading is measured on | 16 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 13 trading days ago — a "golden cross", a bullish long-term signal | 13 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with buyers in control | 45.6 |
Momentum
3
| 14-day RSI | momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 75, in overbought territory (above 70) | 75.2 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($27.74 to $30.99) — its "stochastic" reading is 99 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been steady within that range over the last few sessions. | 98.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 13 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $30.99 | $30.99 |
|---|---|---|
| From the 52-week high | it is trading right at its highest price of the past year (its 52-week high) | -0.1% |
| Above the 52-week low | it is 81.2% above its 52-week low (its lowest price of the past year) | +81.2% |
| Below the 52-week high | it is at or near its highest point of the past year | 0.1% |
| Since a 20-day breakout | it made a new 20-day high about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day high about 6 trading days ago | 6 sessions |
| All-time high | its highest closing price on record is $78.14 (set on 2021-03-19) | $78.14 |
| Given back of the 52-week move | over the past year its closes ranged ($17.10 to $30.95), and it has given back essentially none of its rise from last year’s low — 0% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $21.95 to $22.39. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 0.0% |
| From the all-time high | it is 60.4% below its all-time high | -60.4% |
| Nearest price level | it is trading 6.2% above a support level at $29.03 — a price it turned at four times since 2025-12-24, most recently on 2026-09-11. Since 2024-10-07 it has 11 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -6.2% |
| All-time low | its lowest closing price on record is $5.12 (set on 2008-10-24) | $5.12 |
| Above the all-time low | it is 504.5% above its all-time low | +504.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 95% of the past ~6 months) | 95th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2702 between its high and its low — about 0.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2702 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $27.21 and $32.60 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $27.21 – $29.90 – $32.60 |
| Typical daily range (% of price) | its price moves about 0.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 0.9% |
| Stretch from the 200-day average | it is trading 11.7 daily ranges above its 200-day average price (11.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale. Read that multiple with care: this company's daily range is unusually small (about 0.9% of its price), which is what makes the multiple large — a stock trading in a narrow band near a takeover price does this | 11.7 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 0% of its 30-day average | 0.00× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has softened toward "sell" since the prior reading | 0.20 toward sell |
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-10-07 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Open gap | it gapped 7.1% above the previous close 12 sessions ago and has not traded back through the level it left behind at 27.8 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +7.0% |
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 8.6 percentage points (the stock gained 9.6% while the market gained 0.9%) | +8.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 14.5 percentage points (the stock gained 18.5% while the market gained 3.9%) | +14.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 5.0 percentage points (the stock gained 12.9% while the market gained 18.0%) | -5.0% |
| vs market, 12 months | over the past 12 months this stock beat the market by 50.2 percentage points (the stock gained 66.4% while the market gained 16.2%) | +50.2% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, a strong uptrend, with buyers in control, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: its RSI momentum gauge is overbought (a stretched reading), lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 11% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-08-31 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 2.4% of the share price. | +11.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 9% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $28.29 — a volume-weighted average of daily closes over 185 sessions, not a true tick-by-tick VWAP. | +9.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% above the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $29.97 — a volume-weighted average of daily closes over 43 sessions, not a true tick-by-tick VWAP. | +3.3% |
Price levels it has turned at before
WBD last closed at $30.95 on 2026-10-07. Since 2024-10-07 it has turned at 11 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $29.03 | Support | 6.2% below the last close | turned there four times · 2025-12-24 to 2026-09-11 |
| $27.53 | Support | 11.0% below the last close | turned there 8 times · 2025-12-18 to 2026-09-18 |
| $26.86 | Support | 13.2% below the last close | turned there six times · 2026-02-05 to 2026-05-22 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-07.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Overbought (14-day RSI above 70) · Near the 52-week high · in a strong, established uptrend (ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-10-07. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.95 mean, 1=Strong Buy…5=Strong Sell) — 12 analysts
- Mean price target$30.17 range $26.00 – $31.25; median $31.00
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for WBD
- Consensus EPS estimate$0.01375 next reporting period, as of 2026-10-07
- Estimate change, 30 days-$0.00403 from $0.01778, on 2026-09-02, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant restructuring and termination-related costs affecting profitability","High debt levels and ongoing interest expense burdens","Rapidly evolving competitive landscape in streaming and traditional media distribution"]
What changed in the latest 10-Q
AI-assisted comparison of WBD's 10-Q filed 2026-05-06 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added section on 'Termination of Netflix Merger' describing January 19, 2026 amended merger agreement with Netflix, February 27, 2026 termination, and $2.8 billion Netflix Termination Fee paid by PSKY (filed 2026-05-06)
- Added section on 'PSKY Merger' describing February 27, 2026 merger agreement with Paramount Skydance Corporation, $31.00 per share cash consideration plus potential Ticking Consideration, Larry J. Ellison guarantee of $45.72 billion, April 23, 2026 stockholder approval, and March 4, 2027 termination date with extension to June 4, 2027 (filed 2026-05-06)
- Added disclosure of $3.0 billion termination fee to PSKY and potential reimbursement obligations under PSKY Merger Agreement (filed 2026-05-06)
- Added disclosure that PSKY's obligation to consummate merger is subject to WBD not having completed separation of Streaming & Studios from Global Linear Networks (filed 2026-05-06)
- Removed:
- Removed reference to 'Annual Report on Form 10-K for the year ended December 31, 2024' and replaced with '2025 Form 10-K' (filed 2026-05-06 vs 2025-11-06)
- Removed reference to 'shareholders' and replaced with 'stockholders' in context of long-term value creation (filed 2026-05-06)
- Removed detailed disclosure about June 2025 separation announcement into Warner Bros. and Discovery Global as separate publicly traded companies (filed 2025-11-06)
- Removed disclosure about October 2025 Board evaluation of broad range of strategic options including continuing separation, entire company transaction, or alternative separation structure (filed 2025-11-06)
- Removed disclosure that Company remains on track to complete Separation by mid-2026 subject to conditions (filed 2025-11-06)
- Reworded:
- Changed reporting date reference from 'As of September 30, 2025' to 'As of March 31, 2026' for segment classification (filed 2026-05-06 vs 2025-11-06)
- Revised opening reference context from 'Additional context can also be found in our Annual Report on Form 10-K for the year ended December 31, 2024' to 'year ended December 31, 2025' (filed 2026-05-06)
- Notes:
- The newer filing (2026-05-06) text appears truncated at 'INDUSTRY TRENDS - Headwinds in the industry, such as c' preventing full comparison of that section
- The older filing (2025-11-06) text also appears truncated at 'consistent with the assumption of a co' in the Results of Operations section, preventing complete comparison
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 19 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 3 sells ($7M) — 3 selling insiders
- Last 90 days · read to 2026-10-040 buys · 19 sells ($141M) — 9 selling insiders
- Last 180 days · read to 2026-10-040 buys · 19 sells ($141M) — 9 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-14. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about WBD's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 11 matched disclosures for WBD from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding WBD as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 522,638,624
- Reported value $13,933,545,715
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about WBD's institutional holders → See what each manager we track holds →
Short interest (FINRA)
WBD had 59,282,796 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
WBD had 2.36% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.81 days to cover at the same settlement.
- Reported short interest (shares) 59,282,796
- Short interest (% of shares outstanding) 2.36%
- Prior settlement (shares) 68,823,485
- Reported change -13.86%
- Days to cover (reported) 3.81
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Netflix (NFLX)
- Disney (DIS)
- Paramount Global (PARA)
- Comcast (CMCSA)
- Amazon Prime Video (AMZN)
- Apple TV+ (AAPL)
- Alphabet / YouTube (GOOGL)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Warner Bros. Discovery (WBD) do?
Warner Bros. Discovery is a global media and entertainment company that creates and distributes a portfolio of content and brands across television, film, and streaming platforms. Its operations encompass the production and distribution of filmed entertainment, television programming, news, and sports, alongside a range of direct-to-consumer streaming services. The company maintains a vast library of motion pictures, television programs, and animation, serving audiences worldwide.
What sector is Warner Bros. Discovery (WBD) in?
Warner Bros. Discovery (WBD) is classified in the Communication Services sector. Its industry is broadcasting & entertainment. It trades on NASDAQ.
Who are Warner Bros. Discovery's (WBD) competitors?
Notable peers of Warner Bros. Discovery (WBD) include Netflix, Disney, Paramount Global, Comcast and Amazon Prime Video. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in WBD?
Yes — we hold 11 matched STOCK Act disclosures for WBD from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Warner Bros. Discovery (WBD) overbought or oversold right now?
Warner Bros. Discovery (WBD) is currently in overbought territory (its 14-day RSI is 75, above 70) (as of 2026-10-07). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on WBD come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-07.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.