WBD
Warner Bros. Discovery, Inc.Communication ServicesEntertainmentIncome
$27.18 · 15min delay
β 1.57A steady large-cap income stock trading at a premium valuation.
52-wk low $8.8252-wk high $30.00
Mkt Cap
$68.14B
P/E
—
PEG
216.92
P/B
1.88
Dividend
—
ROE
-5.0%
About the business
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Who would buy WBD?
Consensus 10/100 · Mixed · Investors are split.
1 3 11
Endorses
· 1 framework- Dividend Growth School· Dividend Income80/100
Payout Ratio < 70% 0.0% clears "< 70.0%".
Rejects
· 3 frameworks- Peter Lynch· Lynch GARP0/100
PEG < 1 (growth at a discount) is 216.92× — fails "< 1.00×".
- Joel Greenblatt
Insider activity · Negative
Insider selling outweighs buying
Strength 70/100
11 insiders sold $260.4M on a discretionary basis. Discretionary selling carries more signal than planned disposals, but insiders sell for many non-thesis reasons (taxes, diversification, life events) — do not over-read it. Over the 6M window, insiders are net buyers by 1,751,429 shares.
In Prism's context
Insider selling is worth flagging but insiders sell for many non-thesis reasons. Read alongside the framework verdict (Fails criteria).
| Insider | Role | Type | Date | Shares | Avg price | Value | Own |
|---|---|---|---|---|---|---|---|
| PRICE PAULA A | Director | Transaction | Mar 27, 2026 | 1,340 | — | — | Direct |
| NOTO ANTHONY J. | Director | Transaction | Mar 27, 2026 | 1,063 | — | — | Direct |
| MERCHANT FAZAL F | Director | Open-market sell | Mar 16, 2026 | 35,000 | $27.48 | $962K | Direct |
| PERRETTE JEAN-BRIAC | Officer | Open-market sell | Mar 16, 2026 | 659,120 | $27.42 | $18.07M | Direct |
| GOULD PAUL A | Director | Open-market sell | Mar 16, 2026 | 600,000 | $27.35 | $16.41M | Direct |
| AIYAR PRIYA | Officer | Open-market sell | Mar 10, 2026 | 98,651 | $27.85 | $2.75M | Direct |
| AIYAR PRIYA | Officer | Option exercise | Mar 10, 2026 | 77,243 | $11.02 | $851K | Direct |
| LEE DEBRA L | Director | Transaction | Mar 10, 2026 | 16,345 | — | — | Direct |
| CAMPBELL BRUCE L | Officer | Open-market sell | Mar 9, 2026 | 41,784 | $27.82 | $1.16M | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Open-market sell | Mar 4, 2026 | 991,903 | $28.17 | $27.95M | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Option exercise | Mar 4, 2026 | 346,133 | $11.19 | $3.87M | Direct |
| CAMPBELL BRUCE L | Officer | Open-market sell | Mar 4, 2026 | 1,635,449 | $28.00 | $45.79M | — |
| CAMPBELL BRUCE L | Officer | Option exercise | Mar 4, 2026 | 755,109 | $15.68 | $11.84M | Direct |
| ZEILER GERHARD | Officer | Open-market sell | Mar 4, 2026 | 600,000 | $28.02 | $16.81M | Direct |
| AIYAR PRIYA | Officer | Open-market sell | Mar 3, 2026 | 223,512 | $28.24 | $6.31M | Direct |
| GIRDWOOD AMY | Officer | Open-market sell | Mar 3, 2026 | 75,030 | $28.25 | $2.12M | Direct |
| ZASLAV DAVID M | Chief Executive Officer | Open-market sell | Mar 3, 2026 | 4,004,149 | $28.26 | $113.16M | Direct |
| FISHER RICHARD W. | Director | Open-market sell | Mar 3, 2026 | 16,345 | $28.31 | $463K | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Transaction | Mar 2, 2026 | 156,195 | — | — | Direct |
| AIYAR PRIYA | Officer | Transaction | Mar 2, 2026 | 88,747 | — | — | Direct |
| GIRDWOOD AMY | Officer | Transaction | Mar 2, 2026 | 93,717 | — | — | Direct |
| CAMPBELL BRUCE L | Officer | Transaction | Mar 2, 2026 | 165,957 | — | — | Direct |
| PERRETTE JEAN-BRIAC | Officer | Transaction | Mar 2, 2026 | 165,957 | — | — | Direct |
| ZEILER GERHARD | Officer | Transaction | Mar 2, 2026 | 117,146 | — | — | Direct |
| LOCKE LORI C | Officer | Transaction | Mar 2, 2026 | 29,287 | — | — | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Transaction | Feb 24, 2026 | 709,866 | — | — | Direct |
| ZASLAV DAVID M | Chief Executive Officer | Transaction | Feb 24, 2026 | 4,101,224 | — | — | Direct |
| CAMPBELL BRUCE L | Officer | Transaction | Feb 24, 2026 | 725,792 | — | — | Direct |
| PERRETTE JEAN-BRIAC | Officer | Transaction | Feb 24, 2026 | 725,792 | — | — | Direct |
| ZEILER GERHARD | Officer | Transaction | Feb 24, 2026 | 532,400 | — | — | Direct |
| ZASLAV DAVID M | Chief Executive Officer | Transaction | Jan 5, 2026 | 1,963,465 | — | — | Direct |
| PRICE PAULA A | Director | Transaction | Dec 19, 2025 | 1,306 | — | — | Direct |
| DI PIAZZA SAMUEL A. JR. | Director | Transaction | Dec 19, 2025 | 2,701 | — | — | Direct |
| NOTO ANTHONY J. | Director | Transaction | Dec 19, 2025 | 1,036 | — | — | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Option exercise | Dec 10, 2025 | 242,994 | $26.99 | $6.56M | Direct |
| LOCKE LORI C | Officer | Open-market sell | Dec 10, 2025 | 14,122 | $27.94 | $395K | Direct |
| WIEDENFELS GUNNAR | Chief Financial Officer | Open-market sell | Dec 10, 2025 | 242,994 | $29.50 | $7.17M | Direct |
| LOCKE LORI C | Officer | Open-market sell | Dec 5, 2025 | 10,000 | $24.78 | $248K | Direct |
| LOCKE LORI C | Officer | Open-market sell | Dec 3, 2025 | 15,000 | $24.06 | $361K | Direct |
| LOCKE LORI C | Officer | Open-market sell | Nov 28, 2025 | 10,000 | $23.54 | $235K | Direct |
Insider activity from Yahoo Finance (quoteSummary: insiderTransactions + netSharePurchaseActivity). Cached 6 hours. · Insiders hold 4.2% of shares outstanding.
Net 6M: +1,751,429 sh
Price history
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Drag across the chart to select a custom period — all analysis below refocuses to that window.
What this means: A significant rerating — the valuation-sensitive frameworks below will have tightened since this move.
What would WBD do to your portfolio?
Add Warner Bros. Discovery, Inc. at a hypothetical weight and Prism recalculates your whole book:
Risk metrics
Sharpe, Sortino, volatility, max drawdown, beta — before and after.
Sector concentration
How much this shifts your top sector weight and overall diversification.
Archetype tilt
Whether this leans your book more toward Quality, Value, Growth, Deep Value, Income, or Momentum.
WBD is currently tagged:IncomeFails criteria (10/100)
Portfolio analytics are part of the member experience.
Sign in to run this simulationProbabilistic recommendation· rec-v1.0.0-2026-04
Warner Bros. Discovery, Inc. · WBD
WBD: 53% estimated probability of outperforming over the next 12M window. 2 of 6 signal families negative (medium confidence). Strongest support: 21% below fair value. Main risk to monitor: ROE -5% (weak).
Outperform prob.
53%
vs S&P 500 · 12M
Expected return
-5.4% → +30.6%
mid +12.6% / yr
Downside (p20)
-20.9%
stress -41.8%
Data quality
95/100
Excellent
Probabilistic research output, not financial advice. Prism recommendations are based on available data, historical relationships, and model assumptions. They do not guarantee future returns. Conduct independent due diligence before any investment decision.
Backtested and similar-setup statistics may be affected by survivorship bias, look-ahead bias, overfitting, transaction costs, liquidity constraints, and data limitations. Probability estimates are anchored heuristics — not validated forecasts — until the walk-forward backtest pipeline is in place.
Prism Score
Composite 67/100. Strongest contribution from valuation; weakest from quality. Risk patterns shaved 2 points off the composite.
Composite
67
/ 100
Deep valueval.
94/ 100
P/B 1.88× · FCF yield 27.1%
Margin of safetyval.
81/ 100
21% below fair value
Bull · base · bear scenarios
Three plausible paths over a 5-year horizon.
Indicative only. Probabilities are model-implied weights for stress-testing — not forecasts.
Bull
~20%$44.96
+10.6% / yr (5y)
A turnaround takes hold: margin recovers toward peer averages, revenue stabilises, and the market re-prices the asset value rather than the running earnings.
Drivers
- • Margin expands by 200–400 bps from 9%
- • Stranded asset value crystallises
- • Multiple re-rates one full turn higher
Base
~45%$34.58
+4.9% / yr (5y)
No deterioration, no surprise re-acceleration. 9% operating margin and -1% top-line growth chug along; the multiple slowly converges to the central fair-value estimate.
Global value comparison
Warner Bros. Discovery, Inc. vs sector medians — GCC, MENA, and Global ex-US.
Sector: Communication Services. MENA-aware investors can sanity-check whether the US name is offering value relative to regional peers.
| Metric | WBD | GCC median | MENA median | Global ex-US |
|---|---|---|---|---|
| P/E (TTM) | — | 14.2× | — | 13.5× |
| P/B | 1.88× | 2.10× | — | 2.00× |
| Dividend yield | — | 4.40% | — | 4.00% |
| ROE | -5.0% |
Earnings reaction explainer
WBD missed materially — -1171.7% below consensus.
Reported EPS $-1.17 vs $-0.09 expected — a material miss. The bar of the next two prints will be lower, but the multiple that was bid up to today's level usually does not survive an unexplained shortfall this size. Trailing operating margin: 8.6%.
- Quality investorsNegative
A material miss is incompatible with a quality-compounder narrative until proven otherwise. Two more prints needed before that label is restored.
- Growth investorsNegative
Multiple compression typically follows. The risk is not the miss itself, it's that consensus needs to re-rate forward estimates lower.
- Value investorsNegative
Even cheap stocks get cheaper after this kind of print — wait for capitulation rather than catching the falling knife.
News & events
Next earnings
Thu, Aug 6 · consensus EPS $-0.09 · last actual $-1.17
JAKKS Pacific, in Collaboration with Warner Bros. Discovery Global Consumer Products, Unveils All-New Fashion Doll Collection Featuring Iconic DC Characters
GlobeNewswire · just now
Is It Time To Reassess Warner Bros. Discovery (WBD) After The Terminated Netflix Proposal?
Simply Wall St. · just now
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Key Metrics at a Glance
P/E Ratio (TTM)
N/A
PEG Ratio
216.92
P/B Ratio
1.88
EPS Growth
N/A
Revenue Growth
-1.0%
Debt / Equity
0.96
Net Cash / Share
$-11.63
Return on Equity
-5.0%
Gross Margin
45.7%
Operating Margin
8.6%
FCF / Share
$7.37
Current Ratio
0.73