Warner Bros. Discovery (WBD)
Communication Services · Media and Entertainment Conglomerates
A struggling global media conglomerate navigating industry-wide linear TV decline while attempting a strategic separation and merger transformation.
What Warner Bros. Discovery does
Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes content across television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products through brands including HBO Max, CNN, DC Studios, Discovery Channel, TNT Sports, HBO, Food Network, and Warner Bros. Studios. The company generates revenue from distribution fees from cable and streaming providers, advertising on its networks and digital platforms, theatrical film releases, home entertainment, console games, and other sources including studio tours. It is currently pursuing strategic alternatives including potential separation and merger transactions, facing headwinds from declining linear TV subscribers and softening advertising markets.
Themes: ["Streaming consolidation"]
Fundamentals
- Price$26.15 as of 2026-07-08 close
- Market cap$64.5B as of 2026-07-09
- 1-year return+129.2% as of 2026-07-08 close
- P/E88.78 as of 2026-07-09
- Net margin-4.7% as of 2026-07-09
- Gross margin+45.5% as of 2026-07-09
- ROE-4.9% as of 2026-07-09
- Debt / equity1.00 as of 2026-07-09
- Revenue growth (YoY)-3.0% as of 2026-07-09
- Revenue CAGR (3y)+3.3% SEC XBRL
- Beta1.57 as of 2026-07-09
Key risks (from latest filing)
["Continued structural decline in linear television distribution and advertising revenue as subscriber and ad market pressures persist, materially impacting operations and profitability"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.