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Warner Bros Discovery WBD

US equityMarket cap rank #214Streaming Services
$30.80
+$0.04 (+0.13%)
Market open · Sep 24, 2:00 pm ET
After hours $30.76 0.00%
Open$30.79
Prev close$30.76
Day range$30.71 – $30.81
Volume29.18M
Market cap$77.33B
P/E (TTM)–
Dividend yield–

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

WBD at a glance

Shares of Warner Bros Discovery are up 0.13% at $30.80. The company is worth $77.33B, number 214 out of 300 on our list.

Shares are at a 52-week high, after a year that ran from $17.08 to $30.92. Holders are ahead 55.4% over twelve months, and up 13.2% across the last three months.

On the chart it holds above both the 50-day ($27.60) and 200-day ($27.60) moving averages; RSI is 76, which some call overbought, and the last 30 sessions moved at roughly 32% annualized volatility.

Revenue for the quarter ended Jun 2026 was $8.72B, down 11.2% from a year earlier, with $162.00M of net profit (a -8.8% margin).

8 analysts follow the stock and the average call is "hold". The mean target, $28.44, sits 7.7% under where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Warner Bros Discovery: the business

Warner Bros. Discovery owns HBO, Max, the Warner Bros. studios and cable networks such as CNN and Discovery.

What tends to move it. Streaming profits, declining cable revenue and its planned corporate split or sale are what people focus on.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+0.1%
1 week
+9.7%
1 month
+7.3%
3 months
+13.2%
6 months
+12.9%
Year to date
+6.9%
1 year
+55.4%
Day range
$30.71$30.81
52-week range
$17.08$30.92

Technical signals

Full technicals →
Trend readStrong uptrend

4 bullish · 1 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average+7.5%Bullish
Price vs 50-day average+11.6%Bullish
Price vs 200-day average+11.6%Bullish
50-day vs 200-day50d below 200dBearish
RSI (14)75.5Neutral
MACD (12,26,9)0.61Bullish
Bollinger band position105%Neutral

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$30.79 / $30.80
Average price today$30.76
Volume29.18MAvg (90d) 24.77M
Turnover$897.63M
Turnover rate1.22%of shares outstanding
Volume ratio0.39vs. recent average pace
Day amplitude0.31%
Market cap$77.33B
Float market cap$73.47B
Shares outstanding2.39B
EPS (TTM)$0.29
P/B2.35
Book value / share$13.08
Earnings yield-0.10%
Net profit (TTM)$728.10M
Net assets$32.84B
30-day volatility32.2%annualized
Avg daily range (ATR)1.57%of price, 14 days
Max drawdown (1y)-15.7%-0.1% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How WBD ranks on BeStock

Market value#214 of 300
P/E (cheapest = 1)#270 of 283
Closeness to 52-week high#1 of 300
Dollar volume today#47 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026

Revenue$8.72B-11.2% YoY
Operating profit$373.00M+572.2% YoY
Net profit$162.00M-89.8% YoY
Diluted EPS$0.06-90.5% YoY
Free cash flow$572.00M-18.5% YoY
Operating cash flow$848.00M

Revenue, last 8 quarters

$9.6BSep '24$10.0BDec '24$9.0BMar '25$9.8BJun '25$9.0BSep '25$9.5BDec '25$8.9BMar '26$8.7BJun '26

Net profit, last 8 quarters

$141.0MSep '24$-640.0MDec '24$-449.0MMar '25$1.6BJun '25$-143.0MSep '25$-247.0MDec '25$-2.9BMar '26$162.0MJun '26

Profitability & balance sheet

Gross margin47.2%
Operating margin6.1%
Net margin-8.8%
Return on equity-9.2%
Return on assets-3.2%
Return on invested capital-2.1%
Current ratio0.78
Liabilities / assets65.0%
Cash & investments$3.37B
Total debt$32.02B
Net cash (debt)-$28.65B
Free cash flow / sales6.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Global Linear Networks$3.99B 42.5%
  • Streaming$3.08B 32.8%
  • Studios$2.33B 24.8%
  • Corporate$1.00M 0.0%
Average move on report day±5.9%last 16 reports
Closed higher7 of 1644% of the time
Best reaction+11.8%
Worst reaction-19.0%

Stock move on the day after each report

+11.8%2024/Q3+4.8%2024/Q4+5.3%2025/Q1-7.3%2025/Q2-1.5%2025/Q3-0.3%2025/Q4-0.3%2026/Q1+1.7%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings-22.1x
CheapRich

Near the bottom of its 5-year range · 7th percentile, 5-year average 10.7x

Price / book2.1x
CheapRich

Near the top of its 5-year range · 91st percentile, 5-year average 1.1x

#2982 of 5304 stocks by PB (1 = cheapest)

Price / sales1.9x
CheapRich

Near the top of its 5-year range · 91st percentile, 5-year average 1.2x

#2394 of 5143 stocks by PS (1 = cheapest)

P/E over five years

-54x21x96x171xApr '22Jun '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$28.00
Price vs. fair value+10.0%Trading above the estimate
Star rating★★★☆☆
UncertaintyVery High

Analyst view

All ratings →
ConsensusHold
Analysts8
Average target$28.44-7.7% vs. price
  • Buy 13%
  • Hold 88%
Low $26.00Now $30.80Avg $28.44High $31.00

Latest rating actions

  • 17 Aug 2026Argus ResearchBUY · PT $31.00
  • 14 Aug 2026BernsteinHOLD · PT $27.75
  • 10 Aug 2026BarringtonHOLD
  • 10 Aug 2026Morgan StanleyHOLD · PT $29.00
  • 7 Aug 2026Morgan StanleyHOLD · PT $29.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership82.4%-0.08 pts vs. prior quarter
Institutions holding1,529-4 vs. prior quarter
Insider trades (recent)13 buys / 11 sellsNet buying
Short interest2.74% of floatDays to cover 3.9 · as of 31 Aug 2026
Short-sale volume share13.1%5-day average of daily volume

Short-sale volume as % of daily volume

7%10%12%15%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$13.64M (12 inflow days, 8 outflow days).

Latest headlines

More news →
  • Warner Bros Discovery(WBD.US) Director Sells US$9.65 Million in Common StockMarket news · 9 Sep 2026
  • Form 144 | Warner Bros Discovery(WBD.US) Director Proposes to Sell 5.62 Million in Common StocksMarket news · 9 Sep 2026
  • Warner Bros Discovery(WBD.US) Director Sells US$5.65 Million in Common StockMarket news · 12 Sep 2026
  • Warner Bros Discovery(WBD.US) Officer Sells US$7.34 Million in Common StockMarket news · 11 Sep 2026
  • Form 144 | Warner Bros Discovery(WBD.US) Officer Proposes to Sell 7.34 Million in Common StocksMarket news · 10 Sep 2026
  • Argus Research Maintains Warner Bros Discovery(WBD.US) With Buy Rating, Raises Target Price to $31Market news · 18 Aug 2026

WBD stock: common questions

How is Warner Bros Discovery stock doing today?

$30.80 is the latest print for WBD, a move of +0.13% against yesterday's close of $30.76. Today's low and high so far: $30.71 and $30.81.

How large is Warner Bros Discovery by market value?

Equity value comes to $77.33B at the current price. By that measure it is number 214 of the 300 names in our coverage.

How far is WBD from its yearly high?

The year's floor is $17.08 and the ceiling $30.92. Shares are 0.4% away from that ceiling.

Are there dividends on Warner Bros Discovery shares?

Our data shows no dividend paid by Warner Bros Discovery over the trailing twelve months.

Do Wall Street analysts like WBD?

Of 8 analysts, 13% say buy, 88% hold and 0% sell. Price targets average $28.44, with the most cautious at $26.00 and the most optimistic at $31.00.

How does Warner Bros Discovery make money?

Warner Bros. Discovery owns HBO, Max, the Warner Bros. studios and cable networks such as CNN and Discovery.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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