Reading the tape
NASDAQ: WBD
Warner Bros. Discovery, Inc.
Communication Services · Entertainment
Market Cap
$67.97B
52w High
$30.00
52w Low
$8.82
P/E
-31.36
Volume
10.55M
Outstanding Shares
2.51B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 200.89%Revenue (TTM): -2.93%FCF (TTM): -46.76%P/FCF: 98th pct
What changed
The stock rose 200.89% over the last year. Revenue declined 2.93% over the trailing twelve months. Operating margin moved from -25.56% to 4.53%. Free cash flow declined 46.76% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 4.53%. A decisive move in revenue — currently down 2.93% — would be the clearest signal to resolve the ambiguity.
Company profile
Warner Bros.
CEODavid Zaslav
SectorCommunication Services
IndustryEntertainment
Employees35,000
IPO dateJul 8, 2005
Valuation
Forward P/E—
EV/EBITDA10.55
Enterprise value$99.33B
Stock splits
Aug 7, 2014↑ Forward
Every 1000 shares became 1957
Sep 18, 2008↓ Reverse
Every 2 shares became 1
Profitability & growth
Revenue growth-0.85%
Gross margin38.21%▼32.23%vs FY2024
Operating margin4.53%▲113.76%vs FY2024
ROE2.02%▲106.09%vs FY2024
Analyst consensus
RatingHold
Target price$30.06▲10.88%
12
Buy
19
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est -$0.09 · Revenue est $9.33B
View
Congressional Activity
Congress Trades in WBD
STOCK Act disclosures from senators and representatives.
August Lee Pfluger
TXhouseRepublicanSale2026-02-10$1,001 - $15,000+37d to disclose