Warner Bros Discovery Inc (WBD) Stock Price & News

Warner Bros. Discovery, Inc. was an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed on April 8, 2022, by the merger of Discovery, Inc. with AT&T subsidiary WarnerMedia, with the latter being the successor of Kinney National Company and Time Inc. Warner Bros. Discovery operated via two divisions: Streaming & Studios and Global Linear Networks. Streaming & Studios included the flagship Warner Bros. studios, HBO, DC Entertainment, and streaming services such as HBO Max and Discovery+. Global Linear Networks largely included advertising-supported cable networks. Those networks were inherited from its predecessors Discovery, Scripps Networks Interactive, and Turner Broadcasting System. Warner Bros. Discovery International was also included in the division, which managed broadcasting operations outside of the United States. In June 2025, Warner Bros. Discovery announced plans to spin off the less-profitable Global Linear Networks division, and its debt, as a separate company, retaining the more profitable Streaming & Studios division. Wikipedia

About Warner Bros Discovery Inc

CEODavid Zaslav

Employees35.5K

FoundedApr 8, 2022

Headquarters-

SectorEntertainment

Website-

Analyst	Recommendation	Action	Price target	Projected	Date
Joseph Bonner Argus Research	Sell	Downgraded	$31.00	+0.2%	09/28/2026
Sean Diffley Morgan Stanley	Hold	Reiterated	$31.00	+0.2%	09/22/2026
Kannan Venkateshwar Barclays	Hold	Initiated	$29.00	-6.3%	09/17/2026
Annick Mass Bernstein	Hold	Maintained	$27.75	-10.3%	09/15/2026
Laurent Yoon Bernstein	Hold	Maintained	$27.75	-10.3%	08/14/2026
Patrick Sholl Barrington	Hold	Reiterated	-	-	08/10/2026
Michael Morris Guggenheim	Hold	Maintained	-	-	08/06/2026
Unknown Analyst Wells Fargo	Hold	Maintained	$31.00	+0.2%	08/07/2026
Laura Martin Needham	Hold	Maintained	-	-	08/06/2026
Doug Creutz TD Cowen	Hold	Maintained	$26.00	-16%	08/07/2026
David Joyce Seaport Global	Hold	Downgraded	-	-	07/26/2026
Douglas Arthur Huber Research	Buy	Upgraded	$31.00	+0.2%	06/01/2026
John Hodulik UBS	Hold	Reiterated	$31.00	+0.2%	05/07/2026
Steven Cahall Wells Fargo	Hold	Initiated	$31.00	+0.2%	03/09/2026
Robert Fishman MoffettNathanson	Hold	Downgraded	-	-	03/06/2026
Matthew Harrigan Benchmark Co.	Hold	Downgraded	-	-	02/27/2026
Bryan Kraft Deutsche Bank	Hold	Downgraded	$31.00	+0.2%	02/27/2026
Andrew Beale Arete Research	Hold	Downgraded	$31.25	+1%	02/27/2026
Ric Prentiss Raymond James	Sell	Downgraded	-	-	02/26/2026
Hamilton Faber Rothschild & Co Redburn	Hold	Downgraded	$31.00	+0.2%	02/17/2026

All values in USD	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	9.04B	9.46B	8.89B	8.72B
Cost of goods sold	4.53B	5.12B	4.60B	4.62B
Cost of revenue	4.53B	5.12B	4.60B	4.62B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	2.35B	2.33B	2.30B	2.49B
Operating expense	3.73B	3.64B	3.53B	3.65B
Total operating expenses	8.26B	8.76B	8.13B	8.27B
Operating income	790.00M	698.00M	764.00M	445.00M
Other non operating income	-12.00M	-150.00M	-11.00M	12.00M
EBT including unusual items	27.00M	-408.00M	-3.12B	-271.00M
EBT excluding unusual items	205.00M	-53.00M	140.00M	43.00M
Income tax expense	170.00M	-161.00M	-214.00M	-433.00M
Effective tax rate	629.63%	39.46%	6.86%	159.78%
Other operating expenses	-	-	-	-
Net income	-148.00M	-252.00M	-2.92B	149.00M
Net profit margin	-1.64%	-2.66%	-32.79%	1.71%
Earnings per share	-0.06	-0.10	-1.17	0.06
Interest and investment income	47.00M	36.00M	22.00M	34.00M
Interest expense	-570.00M	-587.00M	-584.00M	-514.00M
Net interest expenses	-523.00M	-551.00M	-562.00M	-480.00M
Depreciation and amortization charges	1.38B	1.32B	1.23B	1.16B
EBITDA	2.16B	2.01B	1.99B	1.60B
Gain or loss from assets sale	-	-	-	-

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