(WBD) Warner Bros Discovery - Overview

Sector: Communication Services | Industry: Entertainment | Exchange: NASDAQ (USA) | Market Cap: 69.061m USD | Total Return: 238.8% in 12m

Films, Television, Streaming, Gaming, Networks
Total Rating 54
Safety 53
Buy Signal -0.06
Entertainment
Industry Rotation: -7.7
Market Cap: 69.1B
Avg Turnover: 706M USD
ATR: 1.06%
Peers RS (IBD): 94.4
Risk 5d forecast
Volatility40.7%
Rel. Tail Risk-13.3%
Reward TTM
Sharpe Ratio2.31
Alpha210.20
Character TTM
Beta1.240
Beta Downside1.719
Drawdowns 3y
Max DD53.82%
CAGR/Max DD0.48
EPS (Earnings per Share) EPS (Earnings per Share) of WBD over the last years for every Quarter: "2021-03": 0.53, "2021-06": 0.89, "2021-09": 0.24, "2021-12": 0.08, "2022-03": 0.69, "2022-06": 0.82, "2022-09": -0.95, "2022-12": -0.86, "2023-03": -0.44, "2023-06": -0.49, "2023-09": -0.17, "2023-12": -0.16, "2024-03": -0.24, "2024-06": -0.36, "2024-09": 0.05, "2024-12": -0.2, "2025-03": -0.18, "2025-06": 0.63, "2025-09": -0.06, "2025-12": -0.1, "2026-03": 0,
EPS CAGR: -15.05%
EPS Trend: 30.6%
Last SUE: 0.21
Qual. Beats: 0
Revenue Revenue of WBD over the last years for every Quarter: 2021-03: 2792, 2021-06: 3062, 2021-09: 3150, 2021-12: 3187, 2022-03: 3159, 2022-06: 9827, 2022-09: 9823, 2022-12: 11008, 2023-03: 10700, 2023-06: 10358, 2023-09: 9979, 2023-12: 10284, 2024-03: 9958, 2024-06: 9713, 2024-09: 9623, 2024-12: 10027, 2025-03: 8979, 2025-06: 9812, 2025-09: 9045, 2025-12: 9460, 2026-03: null,
Rev. CAGR: 33.98%
Rev. Trend: 31.1%
Last SUE: 0.01
Qual. Beats: 0

Warnings

P/E ratio 95.0

Altman Z'' -0.28 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: WBD Warner Bros Discovery

Warner Bros. Discovery, Inc. (WBD) is a global media and entertainment company. Its operations span three segments: Studios, Network, and DTC (Direct-to-Consumer).

The Studios segment produces and distributes films and television programs, including content for theaters, third-party licensing, and internal streaming platforms. This segment also handles home entertainment distribution, themed experiences, and interactive gaming. The media production industry is characterized by high upfront content creation costs and reliance on intellectual property.

The Network segment manages domestic and international television networks. The DTC segment provides premium pay-TV and streaming services. The streaming industry, a key component of the DTC segment, typically operates on a subscription-based revenue model.

WBD’s extensive portfolio includes brands like HBO, Max, Discovery Channel, CNN, and popular franchises such as Harry Potter and Game of Thrones. Content is distributed across various platforms, including linear television, free-to-air broadcasts, and digital subscription services. Investors can find more detailed financial and operational data to assess WBDs performance on ValueRay.

Headlines to Watch Out For
  • Streaming subscriber growth impacts direct-to-consumer revenue
  • Studio content production costs affect profitability
  • Advertising revenue fluctuates with economic conditions
  • Debt reduction influences financial stability
Piotroski VR‑10 (Strict) 3.0
Net Income: 727.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.15 > 1.0
NWC/Revenue: 1.89% < 20% (prev -4.40%; Δ 6.30% < -1%)
CFO/TA 0.04 > 3% & CFO 4.32b > Net Income 727.0m
Net Debt (28.00b) to EBITDA (16.20b): 1.73 < 3
Current Ratio: 1.06 > 1.5 & < 3
Outstanding Shares: last quarter (2.53b) vs 12m ago 3.10% < -2%
Gross Margin: 40.30% > 18% (prev 0.42%; Δ 3.99k% > 0.5%)
Asset Turnover: 36.45% > 50% (prev 37.61%; Δ -1.16% > 0%)
Interest Coverage Ratio: 1.79 > 6 (EBITDA TTM 16.20b / Interest Expense TTM 2.09b)
Altman Z'' -0.28
A: 0.01 (Total Current Assets 13.21b - Total Current Liabilities 12.50b) / Total Assets 100.08b
B: -0.12 (Retained Earnings -11.51b / Total Assets 100.08b)
C: 0.04 (EBIT TTM 3.73b / Avg Total Assets 102.32b)
D: -0.19 (Book Value of Equity -11.89b / Total Liabilities 62.92b)
Altman-Z'' Score: -0.28 = B
Beneish M -3.12
DSRI: 0.94 (Receivables 5.29b/5.93b, Revenue 37.30b/39.32b)
GMI: 1.03 (GM 40.30% / 41.58%)
AQI: 0.99 (AQ_t 0.80 / AQ_t-1 0.81)
SGI: 0.95 (Revenue 37.30b / 39.32b)
TATA: -0.04 (NI 727.0m - CFO 4.32b) / TA 100.08b)
Beneish M-Score: -3.12 (Cap -4..+1) = AA
What is the price of WBD shares? As of April 12, 2026, the stock is trading at USD 27.44 with a total of 15,363,223 shares traded.
Over the past week, the price has changed by +0.11%, over one month by -1.15%, over three months by -3.38% and over the past year by +238.77%.
Is WBD a buy, sell or hold? Warner Bros Discovery has received a consensus analysts rating of 3.85. Therefore, it is recommended to buy WBD.
  • StrongBuy: 11
  • Buy: 3
  • Hold: 12
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the WBD price?
Analysts Target Price 29.6 7.9%
Warner Bros Discovery (WBD) - Fundamental Data Overview as of 10 April 2026
P/E Trailing = 95.0
P/E Forward = 2500.0
P/S = 1.8517
P/B = 1.9066
P/EG = 216.9231
Revenue TTM = 37.30b USD
EBIT TTM = 3.73b USD
EBITDA TTM = 16.20b USD
Long Term Debt = 32.43b USD (from longTermDebt, last quarter)
Short Term Debt = 139.0m USD (from shortTermDebt, last quarter)
Debt = 32.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 28.00b USD (from netDebt column, last quarter)
Enterprise Value = 97.06b USD (69.06b + Debt 32.57b - CCE 4.57b)
Interest Coverage Ratio = 1.79 (Ebit TTM 3.73b / Interest Expense TTM 2.09b)
EV/FCF = 31.43x (Enterprise Value 97.06b / FCF TTM 3.09b)
FCF Yield = 3.18% (FCF TTM 3.09b / Enterprise Value 97.06b)
FCF Margin = 8.28% (FCF TTM 3.09b / Revenue TTM 37.30b)
Net Margin = 1.95% (Net Income TTM 727.0m / Revenue TTM 37.30b)
Gross Margin = 40.30% ((Revenue TTM 37.30b - Cost of Revenue TTM 22.26b) / Revenue TTM)
Gross Margin QoQ = 30.21% (prev 49.54%)
Tobins Q-Ratio = 0.97 (Enterprise Value 97.06b / Total Assets 100.08b)
Interest Expense / Debt = 1.80% (Interest Expense 586.0m / Debt 32.57b)
Taxrate = 21.0% (US default 21%)
NOPAT = 2.94b (EBIT 3.73b * (1 - 21.00%))
Current Ratio = 1.06 (Total Current Assets 13.21b / Total Current Liabilities 12.50b)
Debt / Equity = 0.91 (Debt 32.57b / totalStockholderEquity, last quarter 35.92b)
Debt / EBITDA = 1.73 (Net Debt 28.00b / EBITDA 16.20b)
Debt / FCF = 9.07 (Net Debt 28.00b / FCF TTM 3.09b)
Total Stockholder Equity = 35.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 727.0m / Total Assets 100.08b)
RoE = 2.05% (Net Income TTM 727.0m / Total Stockholder Equity 35.46b)
RoCE = 5.49% (EBIT 3.73b / Capital Employed (Equity 35.46b + L.T.Debt 32.43b))
RoIC = 4.21% (NOPAT 2.94b / Invested Capital 69.99b)
WACC = 7.48% (E(69.06b)/V(101.63b) * Re(10.34%) + D(32.57b)/V(101.63b) * Rd(1.80%) * (1-Tc(0.21)))
Discount Rate = 10.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.91%
[DCF] Terminal Value 79.65% ; FCFF base≈3.62b ; Y1≈3.43b ; Y5≈3.26b
[DCF] Fair Price = 14.96 (EV 65.49b - Net Debt 28.00b = Equity 37.49b / Shares 2.51b; r=7.48% [WACC]; 5y FCF grow -6.98% → 3.0% )
EPS Correlation: 30.58 | EPS CAGR: -15.05% | SUE: 0.21 | # QB: 0
Revenue Correlation: 31.13 | Revenue CAGR: 33.98% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.07 | Chg7d=-0.014 | Chg30d=+0.025 | Revisions Net=+0 | Analysts=13
EPS current Year (2026-12-31): EPS=-0.08 | Chg7d=-0.014 | Chg30d=+0.100 | Revisions Net=+2 | Growth EPS=-128.4% | Growth Revenue=+0.4%
EPS next Year (2027-12-31): EPS=-0.00 | Chg7d=+0.036 | Chg30d=+0.099 | Revisions Net=+6 | Growth EPS=+99.3% | Growth Revenue=+1.8%
[Analyst] Revisions Ratio: +0.00 (2 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 9.3% (Discount Rate 10.3% - Earnings Yield 1.1%)
[Growth] Growth Spread = -13.1% (Analyst -3.8% - Implied 9.3%)
External Resources
Dataroma Stockcircle