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Warner Bros. Discovery

NASDAQ: WBD

Stock price

30.95 USD

(+18.36%) 5 years

BroadcastingEntertainment

Financial Performance

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5Y price score: 23

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 11.8%

DATE RANGE:

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  • Free cash flow per share

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17.0

52-week range

30.9

30.95

Your model inputs

Required return / cost of capital
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FCFF terminal growth rate
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Your fair value & Margin of safety

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Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

2.8 %

Dividend Yield TTM

-

Market cap $

$ 77,596

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

(24.4)

Price / Book TTM

2.4

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(0.2)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

63 %

18.4 %

11.8 %

Free cash flow per share growth

(20.9) %

(64.6) %

(32.8) %

Earnings per share growth

(90.5) %

(84) %

(81.6) %

Founded: 2,022

Employees: 35,000

Business Summary:Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Aug 6, 2026)

1) Strategy & Leadership
- Warner Bros. Discovery (WBD) aims to be the leading storytelling company, focusing on creative excellence and quality storytelling.
- CEO David Zaslav emphasized the importance of maintaining high-quality content and the positive trajectory of HBO Max as a global streaming service.
- The company is preparing for the completion of its sale to Paramount Skydance, with management confident in the transaction's success.

2) Financial & Segment Results
- The Streaming segment achieved over $3 billion in revenue for the first time, with a 10% growth in subscriber-related revenue (ex FX) and $512 million in adjusted EBITDA, marking a 60% improvement YoY.
- HBO Max is recognized as a top-tier streaming service, with several shows averaging over 25 million viewers per episode in 2026.
- The Studio segment is projected to generate over $3 billion in adjusted EBITDA long-term, despite a challenging Q2 2026 due to tough comparisons from 2025.

3) Problems / Headwinds
- Linear advertising revenues fell nearly 30%, primarily due to a decline in NBA viewership.
- The geopolitical environment has created consumer caution, impacting international ad markets, with Q2 showing weaker trends compared to Q1.
- Some films underperformed expectations, but the studio's diversification strategy is expected to mitigate risks.

4) Operational or Product Plans
- WBD plans to ramp up film production from 14 films in 2026 to 19 in 2027, focusing on a mix of original and tentpole IP-driven films.
- Upcoming content includes highly anticipated series like "Harry Potter," "The Last of Us," and "A Knight of the Seven Kingdoms."
- The company is also investing in local content production globally, which is expected to drive subscriber growth and engagement.

5) Guidance & Outlook / Investor Angle
- WBD anticipates continued growth in streaming and content engagement, with a strong pipeline for 2027.
- The company expects to maintain a positive trajectory in subscriber retention and lower churn rates, aided by successful bundling strategies.
- There is a lack of specific financial guidance for the second half of 2026, particularly regarding the impact of the Paramount Skydance transaction.

Bottom line: WBD is positioned for strong growth, particularly in its streaming segment, with a robust content pipeline and strategic focus on quality storytelling. The company is navigating current challenges while maintaining confidence in its long-term objectives, making it an attractive prospect for shareholders.

Annual Reports, Presentations And IR Contacts

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Warner Bros. Discovery — Financial Overview, Stock Price, Market Cap

Warner Bros. Discovery is a company. Founded in 2022. As of October 9, 2026, the company's market capitalization is $77595880927 with a current stock price of $30.95.