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$28.55 as of 2026-08-21 close
- Market cap$71.7B as of 2026-08-21
- 1-year return+146.3% 2025-08-21 close $11.59 → 2026-08-21 close $28.55
- P/E95.35 as of 2026-08-24
- Net margin-8.8% as of 2026-08-24
- Gross margin+47.7% as of 2026-08-24
- ROE-9.2% as of 2026-08-24
- Debt / equity0.98 as of 2026-08-24
- Revenue growth (YoY)-6.0% as of 2026-08-24
- Revenue CAGR (3y)+3.3% SEC XBRL
- Beta1.56 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How WBD compares in its sector
- price-to-earnings ratiotop 10% 79 covered Communication Services peers, as of 2026-08-24
- net profit marginbottom 25% 132 covered Communication Services peers, as of 2026-08-24
- operating marginbottom 25% 132 covered Communication Services peers, as of 2026-08-24
- gross marginmiddle range 132 covered Communication Services peers, as of 2026-08-24
- return on equitymiddle range 132 covered Communication Services peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 121 covered Communication Services peers
- free cash flow (absolute dollars, latest fiscal year)top 10% 114 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.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
39.0 #1432 of 1,704 scored · #55 of 66 in Communication Services
Catalysts 74th: the analyst consensus rating has improved toward "buy" since the prior reading; trend 63rd: a strong uptrend, with buyers in control; weakest is volume and participation 19th: trading volume is about normal versus its 30-day average. Its score is docked 10 points for overextended (RSI above 75 or stochastic above 90).
Scores as of 21 Aug 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 2.
How Warner Bros. Discovery looks technically
Warner Bros. Discovery (WBD) is trading 6.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed below its 200-day average about 7 trading days ago — a "death cross", a bearish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 28, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 69, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-02-26, pushing above its recent trading range. It is 4.8% below its 52-week high (its highest price of the past year).
Trend
9
| Distance from the 200-day | it is trading 6.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +6.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $26.73 | $26.73 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $26.84 | $26.84 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 25 calendar days ago — the swings before that are what the structure reading is measured on | 25 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 25.25. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 7 trading days ago — a "death cross", a bearish long-term signal | 7 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 6.4% above | +6.4% |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 28, with buyers in control | 27.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 69, neither overbought (above 70) nor oversold (below 30) | 69.3 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($25.40 to $28.68) — its "stochastic" reading is 96 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 climbing within that range over the last few sessions. | 96.0 |
| 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 $30.00 | $30.00 |
|---|---|---|
| From the 52-week high | it is 4.8% below its 52-week high (its highest price of the past year) | -4.8% |
| Above the 52-week low | it is 153.8% above its 52-week low (its lowest price of the past year) | +153.8% |
| Below the 52-week high | it is 4.8% below its highest point of the past year | 4.8% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-02-26, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, its first since 2026-02-26, pushing above its recent trading range | 1 session |
| 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 ($11.54 to $29.98), and it has given back only a small part of its rise from last year’s low — 8% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $17.99 to $18.58. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 7.8% |
| From the all-time high | it is 63.5% below its all-time high | -63.5% |
| Nearest price level | it is trading 2.8% below a resistance level at $29.34 — a price it turned at three times since 2025-12-24, most recently on 2026-02-24. Since 2024-08-21 it has 10 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.8% |
| 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 457.6% above its all-time low | +457.6% |
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 99% of the past ~6 months) | 99th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4914 between its high and its low — about 1.7% 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 | $0.4914 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $24.71 and $29.13 — 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 | $24.71 – $26.92 – $29.13 |
| Typical daily range (% of price) | its price moves about 1.7% 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 | 1.7% |
| Stretch from the 200-day average | it is trading 3.5 daily ranges above its 200-day average price (6.4% 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 | 3.5 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.64× |
|---|
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 improved toward "buy" since the prior reading | 0.11 toward buy |
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
1
| Gap at the open | it opened on 2026-08-21 0.7% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.7% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 8.2 percentage points (the stock gained 10.5% while the market gained 2.3%) | +8.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 2.3 percentage points (the stock gained 5.4% while the market gained 3.1%) | +2.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 11.8 percentage points (the stock lost 0.7% while the market gained 11.1%) | -11.8% |
| vs market, 12 months | over the past 12 months this stock beat the market by 125.9 percentage points (the stock gained 146.3% while the market gained 20.5%) | +125.8% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, 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: a "death cross" — its 50-day average is below its 200-day, 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 6.5% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 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 thin, spanning 0.1% of the share price, which is taken to mean a barrier that gives way easily. | +6.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $27.37 — a volume-weighted average of daily closes over 154 sessions, not a true tick-by-tick VWAP. | +4.3% |
|---|---|---|
| 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 $27.67 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | +3.2% |
Price levels it has turned at before
WBD last closed at $28.55 on 2026-08-21. Since 2024-08-21 it has turned at 10 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $29.34 | Resistance | 2.8% above the last close | turned there three times · 2025-12-24 to 2026-02-24 |
| $27.50 | Support | 3.7% below the last close | turned there 7 times · 2025-12-18 to 2026-07-13 |
| $26.86 | Support | 5.9% below the last close | turned there six times · 2026-02-05 to 2026-05-22 |
| $11.18 | Support | 60.8% below the last close | turned there three times · 2025-03-26 to 2025-09-02 |
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
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $25.25.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
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 death cross (50-day crossed below 200-day) · Tested and reclaimed 200-day support · Broke out to a new 20-day high · in a strong, established uptrend (ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.74 mean, 1=Strong Buy…5=Strong Sell) — 11 analysts
- Mean price target$29.82 range $26.00 – $31.25; median $31.00
Analyst estimates, as of 2026-08-18. 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$0.01778 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
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
Risk Factors
The two filings could not be meaningfully compared for this section.
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 12 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 10 sells ($49M) — 5 selling insiders
- Last 90 days0 buys · 12 sells ($108M) — 5 selling insiders
- Last 180 days0 buys · 12 sells ($108M) — 5 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-14. As of 2026-08-24.
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.
Congressional 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.
Congressional trading disclosures →Institutional ownership (13F)
6 institutional 13F filers reported holding WBD as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 397,564,709
- Reported value $10,917,126,912
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 3 increased, 2 decreased, 0 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.
Short interest (FINRA)
WBD had 72,154,680 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
WBD had 2.87% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.76 days to cover at the same settlement.
- Reported short interest (shares) 72,154,680
- Short interest (% of shares outstanding) 2.87%
- Prior settlement (shares) 64,955,283
- Reported change 11.08%
- Days to cover (reported) 2.76
Reported to FINRA as of the 2026-07-31 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 Congressional 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 neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 69, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on WBD come from?
Fundamentals and prices come from market data, as of 2026-08-24; 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: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.