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Paramount Skydance WBD Deal Spurs Job Fears And Valuation Questions
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as of 03-13-2026 3:44pm EST
$27.09
$0.34
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Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. In 2026, it intends to split its networks from streaming and studios to form two separate companies. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
| Founded: | 1923 | Country: | United States |
| Employees: | N/A | City: | NEW YORK |
| Market Cap: | 69.9B | IPO Year: | 2008 |
| Target Price: | $23.27 | AVG Volume (30 days): | 20.5M |
| Analyst Decision: | Buy | Number of Analysts: | 20 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | 0.29 | EPS Growth: | 106.28 |
| 52 Week Low/High: | $7.52 - $29.99 | Next Earning Date: | N/A |
| Revenue: | N/A | Revenue Growth: | N/A |
| Revenue Growth (this year): | 1.23% | Revenue Growth (next year): | 1.54% |
| P/E Ratio: | 94.55 | Index: | |
| Free Cash Flow: | 3.1B | FCF Growth: | -30.25% |
AI-Powered WBD Daily Prediction
Machine learning model trained on 25+ technical indicators
Updated 2 days ago
AI Recommendation
hold
Model Accuracy: 80.00%
80.00%
Confidence
Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.
Stock Insider Trading Activity of Warner Bros. Discovery Inc. Series A (WBD)
Aiyar Priya
Sell
Chief Legal Officer
WBD Mar 10, 2026
Avg Cost/Share
$27.85
Shares
98,651
Total Value
$2,747,430.35
Owned After
897,844
Campbell Bruce
Sell
Chief Rev & Strategy Officer
WBD Mar 9, 2026
Avg Cost/Share
$27.82
Shares
41,784
Total Value
$1,162,430.88
Owned After
604,666
SEC Form 4
Campbell Bruce
Sell
Chief Rev & Strategy Officer
WBD Mar 4, 2026
Avg Cost/Share
$28.00
Shares
1,635,449
Total Value
$45,792,572.00
Owned After
604,666
Wiedenfels Gunnar
Sell
Chief Financial Officer
WBD Mar 4, 2026
Avg Cost/Share
$28.05
Shares
374,323
Total Value
$10,499,760.15
Owned After
691,570
Zeiler Gerhard
Sell
President, International
WBD Mar 4, 2026
Avg Cost/Share
$28.02
Shares
600,000
Total Value
$16,812,000.00
Owned After
672,649
SEC Form 4
Wiedenfels Gunnar
Sell
Chief Financial Officer
WBD Mar 3, 2026
Avg Cost/Share
$28.25
Shares
617,580
Total Value
$17,446,635.00
Owned After
691,570
SEC Form 4
Zaslav David
Sell
Chief Executive Officer & Pres
WBD Mar 3, 2026
Avg Cost/Share
$28.26
Shares
4,004,149
Total Value
$113,157,250.74
Owned After
7,200,627
SEC Form 4
Aiyar Priya
Sell
Chief Legal Officer
WBD Mar 3, 2026
Avg Cost/Share
$28.24
Shares
223,512
Total Value
$6,311,978.88
Owned After
897,844
SEC Form 4
FISHER RICHARD W
Sell
Director
WBD Mar 3, 2026
Avg Cost/Share
$28.31
Shares
16,345
Total Value
$462,726.95
Owned After
70,479
SEC Form 4
Girdwood Amy
Sell
Chief People & Culture Officer
WBD Mar 3, 2026
Avg Cost/Share
$28.25
Shares
75,030
Total Value
$2,119,597.50
Owned After
1,027,283
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Aiyar Priya | WBD | Chief Legal Officer | Mar 10, 2026 | Sell | $27.85 | 98,651 | $2,747,430.35 | 897,844 | |
| Campbell Bruce | WBD | Chief Rev & Strategy Officer | Mar 9, 2026 | Sell | $27.82 | 41,784 | $1,162,430.88 | 604,666 | |
| Campbell Bruce | WBD | Chief Rev & Strategy Officer | Mar 4, 2026 | Sell | $28.00 | 1,635,449 | $45,792,572.00 | 604,666 | |
| Wiedenfels Gunnar | WBD | Chief Financial Officer | Mar 4, 2026 | Sell | $28.05 | 374,323 | $10,499,760.15 | 691,570 | |
| Zeiler Gerhard | WBD | President, International | Mar 4, 2026 | Sell | $28.02 | 600,000 | $16,812,000.00 | 672,649 | |
| Wiedenfels Gunnar | WBD | Chief Financial Officer | Mar 3, 2026 | Sell | $28.25 | 617,580 | $17,446,635.00 | 691,570 | |
| Zaslav David | WBD | Chief Executive Officer & Pres | Mar 3, 2026 | Sell | $28.26 | 4,004,149 | $113,157,250.74 | 7,200,627 | |
| Aiyar Priya | WBD | Chief Legal Officer | Mar 3, 2026 | Sell | $28.24 | 223,512 | $6,311,978.88 | 897,844 | |
| FISHER RICHARD W | WBD | Director | Mar 3, 2026 | Sell | $28.31 | 16,345 | $462,726.95 | 70,479 | |
| Girdwood Amy | WBD | Chief People & Culture Officer | Mar 3, 2026 | Sell | $28.25 | 75,030 | $2,119,597.50 | 1,027,283 |
Earnings Transcripts
SEC 8-K filings with transcript text
2025 Q4 Q4 2025 Earnings
8-K BUY Feb 26, 2026 · 100% conf.
2025
Q4
Q4 2025 Earnings
8-K BUYFeb 26, 2026 · 100% conf.
AI Prediction BUY
1D
+1.40%
$29.23
Act: -2.34%
5D
+5.15%
$30.32
Act: -3.19%
20D
+8.12%
$31.17
Price: $28.83 Prob +5D: 100% AUC: 1.000
0001437107-26-000011
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 26, 2026
Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter)
Commission File Number: 001-34177 Delaware 35-2333914
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)
230 Park Avenue South New York, New York 10003 (Address of principal executive offices, including zip code)
212-548-5555 (Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Series A Common StockWBDNasdaq Global Select Market 4.302% Senior Notes due 2030WBDI30, WBDI30A Nasdaq Global Market 4.693% Senior Notes due 2033WBDI33, WBDI33A Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On February 26, 2026, Warner Bros. Discovery, Inc. ("we," “Warner Bros. Discovery” or the “Company”) released its earnings for the quarter and year ended December 31, 2025. A copy of Warner Bros. Discovery's earnings press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 Regulation FD Disclosure
Shareholder Letter
On February 26, 2026, in conjunction with its earnings press release, the Company issued a letter to shareholders which was posted on the Company's Investor Relations website at ir.wbd.com. A copy of the letter to shareholders is furnished herewith as Exhibit 99.2 and is incorporated herein by reference.
Use of Website to Distribute Material Company Information
The Company's Investor Relations website is ir.wbd.com. We use our Investor Relations website as a means of disclosing material non-public information and for the purpose of complying with our disclosure obligations under Regulation FD. Therefore, we encourage investors, the media, and others interested in Warner Bros. Discovery to review the information we post on our Investor Relations website.
The information in this Item 7.01, including Exhibit 99.2 attached hereto, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
-2-
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibit NumberDescription 99.1Earnings Press Release of Warner Bros. Discovery, Inc., dated February 26, 2026
99.2Shareholder Letter, dated February 26, 2026
101Inline XBRL Instance Document - the instance document does not appear in the Interactive Date File
2025 Q3 Q3 2025 Earnings
8-K Nov 6, 2025
2025
Q3
Q3 2025 Earnings
8-KNov 6, 2025
0001437107-25-000213
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2025
Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter)
Commission File Number: 001-34177 Delaware 35-2333914
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)
230 Park Avenue South New York, New York 10003 (Address of principal executive offices, including zip code)
212-548-5555 (Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Series A Common StockWBDNasdaq Global Select Market 4.302% Senior Notes due 2030WBDI30, WBD130A Nasdaq Global Market 4.693% Senior Notes due 2033WBDI33, WBD133A Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On November 6, 2025, Warner Bros. Discovery, Inc. ("we," “Warner Bros. Discovery” or the “Company”) released its earnings for the quarter ended September 30, 2025. A copy of Warner Bros. Discovery's earnings press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 Regulation FD Disclosure
Shareholder Letter
On November 6, 2025, in conjunction with its earnings press release, the Company issued a letter to shareholders which was posted on the Company's Investor Relations website at ir.wbd.com. A copy of the letter to shareholders is furnished herewith as Exhibit 99.2 and is incorporated herein by reference.
Use of Website to Distribute Material Company Information
The Company's Investor Relations website is ir.wbd.com. We use our Investor Relations website as a means of disclosing material non-public information and for the purpose of complying with our disclosure obligations under Regulation FD. Therefore, we encourage investors, the media, and others interested in Warner Bros. Discovery to review the information we post on our Investor Relations website.
The information in this Item 7.01, including Exhibit 99.2 attached hereto, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
-2-
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibit NumberDescription 99.1Earnings Press Release of Warner Bros. Discovery, Inc., dated November 6, 2025
99.2Shareholder Letter, dated November 6, 2025
101Inline XBRL Instance Document - the instance document does not appear in the Interactive Date File because its
2025 Q2 Q2 2025 Earnings
8-K Aug 7, 2025
2025
Q2
Q2 2025 Earnings
8-KAug 7, 2025
0001437107-25-000189
disca-202508070001437107false00014371072025-08-072025-08-070001437107us-gaap:CommonClassAMember2025-08-072025-08-070001437107disca:SeniorNotesDue20304.302Member2025-08-072025-08-070001437107disca:SeniorNotesDue20304.302AMember2025-08-072025-08-070001437107disca:SeniorNotesDue20304.693AMember2025-08-072025-08-070001437107disca:SeniorNotesDue20304.693Member2025-08-072025-08-07
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 7, 2025
Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter)
Commission File Number: 001-34177 Delaware 35-2333914
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)
230 Park Avenue South New York, New York 10003 (Address of principal executive offices, including zip code)
212-548-5555 (Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Series A Common StockWBDNasdaq Global Select Market 4.302% Senior Notes due 2030WBDI30, WBD130A Nasdaq Global Market 4.693% Senior Notes due 2033WBDI33, WBD133A Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On August 7, 2025, Warner Bros. Discovery, Inc. ("we," “Warner Bros. Discovery” or the “Company”) released its earnings for the quarter ended June 30, 2025. A copy of Warner Bros. Discovery's earnings press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 Regulation FD Disclosure
Shareholder Letter
On August 7, 2025, in conjunction with its earnings press release, the Company issued a letter to shareholders which was posted on the Company's Investor Relations website at ir.wbd.com. A copy of the letter to shareholders is furnished herewith as Exhibit 99.2 and is incorporated herein by reference.
Use of Website to Distribute Material Company Information
The Company's Investor Relations website is ir.wbd.com. We use our Investor Relations website as a means of disclosing material non-public information and for the purpose of complying with our disclosure obligations under Regulation FD. Therefore, we encourage investors, the media, and others interested in Warner Bros. Discovery to review the information we post on our Investor Relations website.
The information in this Item 7.01, including Exhibit 99.2 attached hereto, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
-2-
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibit NumberDescription 99.1Earnings Press Release of Warner Bros. Discovery, Inc., dated August 7, 2025
99.2Shareholder Letter, dated August 7, 2025
101Inline XBRL Instance Document - the instance document does not appear in the Interactive Date File because its XBRL tags are e
Latest Warner Bros. Discovery Inc. Series A News
WBD Breaking Stock News: Dive into WBD Ticker-Specific Updates for Smart Investing
Barrons.com
Warner Bros. Stock Slides. The Shares Are Offering a 14% Return If Paramount Deal Closes On Time.
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Positive
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TipRanks
Teamsters submit concerns about Paramount-Warner merger to DOJ
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Negative
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GuruFocus.com
Wells Fargo Resumes Coverage on Netflix, Paramount After WBD Deal
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Neutral
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Zacks
Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
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24/7 Wall St.
Link: Netflix simpler story without Warner Bros. Discovery deal
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Netflix to Acquire Ben Affleck's AI Studio in Deal Worth Up to $600 Million
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MT Newswires
Teamsters Urge DOJ to Block Paramount-Warner Bros. Deal Without Labor Protections
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The information presented on this page, "WBD Warner Bros. Discovery Inc. Series A - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.