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NASDAQ · Entertainment · USD

Warner Bros. Discovery, Inc. (WBD) Stock Analysis

Warner Bros. Discovery, Inc. (WBD) is a Entertainment stock listed on NASDAQ and quoted in US Dollar.

WBD

$28.25

−$0.12 (−0.42%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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WBD Key Statistics

As of Sep 4, 2026
Trading
Open
$28.32
Previous Close
$28.37
Day's Range
28.21–28.35
52-Week Range
11.92–30.00
Volume
11.49M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.57
Valuation
Market Cap
$70.83B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
403.57
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
55.33
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.96
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.27
Financials (FY)
Revenue (FY)
$37.30B−5.15%
Net Income (FY)
$727.00M
Profit marginThe share of revenue left as profit after all costs and taxes.
−8.77%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
2.51B
1-Year Return
+140.02%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
21.86M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

WBD Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−1.98%
2025+172.66%
2024−7.12%
2023+20.04%
2022−59.73%
2021−21.77%
2020−8.09%
2019+32.34%
2018+10.55%
2017−18.35%
2016 (partial year)+4.62%

As of September 4, 2026.

WBD Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$37.30B$727.00M1.9%
2024$39.32B−$11.31B−28.8%
2023$41.32B−$3.13B−7.6%
2022$33.82B−$7.37B−21.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$37.30B$16.41B$1.31B$727.00M1.9%
2024$39.32B$16.35B$18.00M−$11.31B−28.8%
2023$41.32B$16.80B−$886.00M−$3.13B−7.6%
2022$33.82B$13.38B−$3.50B−$7.37B−21.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

WBD Valuation vs Entertainment Median

Median of 47 stocks
MetricWBDEntertainment medianvs median
P/S ratio1.961.1374% above
Profit margin−8.77%−0.88%7.9 pts below

Medians across 47 Entertainment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Warner Bros. Discovery, Inc. (WBD) is capitalised at $70.83B on the latest close. The company sits in the Communication Services sector, in the Entertainment industry. Headcount on file is 35,500.

The 52-week range on file runs from $11.92 to $30.00. WBD last closed at $28.25 on September 4, 2026. That is −$0.12 (−0.42%) against the previous close. The latest close sits 137% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $37.30B. That is −5.15% against the prior fiscal year, when revenue was $39.32B. Net income for the same year was $727.00M. The reported profit margin is −8.77%. That is 7.9 percentage points below the Entertainment median of −0.88%. Earnings per share on a trailing basis come to −1.27.

Across the 4 fiscal years on file, revenue moves from $33.82B in 2022 to $37.30B in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 403.57. The PEG ratio, which sets the P/E against expected earnings growth, reads 55.33. Measured against sales, the shares trade at 1.96 times revenue. On price-to-sales that is 73.55% above the Entertainment median of 1.13. The medians here are taken across 47 Entertainment companies that report the metric.

Beta against the wider market is reported at 1.57. Daily returns over the trailing 10 years annualize to a volatility of 47.08%. Over the trailing twelve months the price has returned +140.02%. Across 10 years the annualized return works out at +0.88%.

Growth & Income

No dividend is on file for WBD.

So far in 2026 the price is −1.98%. The strongest complete calendar year on file is 2025 at +172.66%; the weakest is 2022 at −59.73%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

Warner Bros. Discovery, Inc. (WBD) operates in the Entertainment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Warner Bros. Discovery, Inc. WBD $70.83B —
Netflix, Inc. NFLX $325.83B 24.6
The Walt Disney Company DIS $181.84B 22.1
Live Nation Entertainment, Inc. LYV $40.42B —

The Entertainment industry average P/E ratio is 27.4x. Warner Bros. Discovery, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

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