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.
CEO: David Zaslav. Company website
Warner Bros. Discovery, Inc. (WBD) trades at $27.80, down 1.56% on the day, as of Sep 20, 2026 13:44 UTC.
Warner Bros. Discovery, Inc. has a market capitalisation of $69.70B, calculated from the live WBD share price and shares outstanding.
WBD has no meaningful price-to-earnings ratio: Warner Bros. Discovery, Inc. lost $1.27 per share over the last twelve months, and a P/E is only defined on positive earnings.
Warner Bros. Discovery, Inc. generated revenue of $36.12B over the trailing twelve months, which puts the stock at 1.93 times sales.
WBD has traded between $17.08 and $30.00 over the past 52 weeks, and the last price is 7.3% below that high.
No. Warner Bros. Discovery, Inc. is loss-making, with a net margin of -8.77% over the trailing twelve months.
Wall Street analysts rate WBD Hold, with an average price target of $31.00, 11.5% above the current price.
Warner Bros. Discovery, Inc. is classified under the Communication Services sector and the Entertainment industry, and is domiciled in US.
David Zaslav is the chief executive of Warner Bros. Discovery, Inc., which employs 35,500 people.
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