Warner Bros. Discovery, Inc. (WBD)

US — Communication Services Sector
Peers: LYV  CMCSA  LLYVK  FOXA  WMG  TKO  AMX  RDDT 

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Key Metrics & Ratings

  • symbol WBD
  • Rev/Share 15.2735
  • Book/Share 15.0484
  • PB 1.9666
  • Debt/Equity 0.9369
  • CurrentRatio 1.0739
  • ROIC 0.0013

 

  • MktCap 70815323200.0
  • FreeCF/Share 1.6676
  • PFCF 17.13
  • PE 146.0463
  • Debt/Assets 0.3357
  • DivYield 0
  • ROE 0.0139

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 3
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade WBD Guggenheim Buy Neutral -- $30 Jan. 14, 2026
Downgrade WBD Seaport Research Partners Buy Neutral -- -- Dec. 9, 2025
Upgrade WBD Rothschild & Co Redburn Neutral Buy -- $28 Oct. 30, 2025
Upgrade WBD Argus Hold Buy -- -- Oct. 28, 2025
Downgrade WBD KeyBanc Capital Markets Overweight Sector Weight -- -- Sept. 26, 2025
Downgrade WBD TD Cowen Buy Hold -- $14 Sept. 16, 2025
Upgrade WBD MoffettNathanson Neutral Buy $9 $13 Jan. 21, 2025

News

He's Known as ‘The Godfather' and Paramount Is Turning to Him in its Battle for Warner
PSKY, WBD
Published: January 16, 2026 by: WSJ
Sentiment: Positive

RedBird's Gerry Cardinale will tell anyone who will listen why the hostile $77.9 billion bid is superior

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image for news He's Known as ‘The Godfather' and Paramount Is Turning to Him in its Battle for Warner
David Ellison's Paramount suffers a setback in its legal fight with Warner Bros. Discovery
PSKY, WBD
Published: January 15, 2026 by: Business Insider
Sentiment: Negative

Paramount Skydance has suffered a legal setback in its pursuit of Warner Bros. Discovery.

Read More
image for news David Ellison's Paramount suffers a setback in its legal fight with Warner Bros. Discovery
Judge rejects Paramount Skydance request to speed up lawsuit demanding Warner Bros. Discovery-Netflix details
NFLX, PARA, WBD
Published: January 15, 2026 by: New York Post
Sentiment: Negative

Paramount wanted the court to fast-track the case so Warner Bros. shareholders could have access to financial details necessary to decide whether to accept its $30 per share all-cash tender offer

Read More
image for news Judge rejects Paramount Skydance request to speed up lawsuit demanding Warner Bros. Discovery-Netflix details
Delaware judge won't speed up Paramount lawsuit seeking Warner Bros merger details
PSKY, WBD
Published: January 15, 2026 by: Reuters
Sentiment: Neutral

A Delaware judge on Thursday rejected Paramount Skydance's bid to expedite its lawsuit demanding more information from Warner Bros Discovery about how that company decided Netflix's proposed $82.7 billion takeover was better than its own $108.7 billion hostile bid.

Read More
image for news Delaware judge won't speed up Paramount lawsuit seeking Warner Bros merger details
Could Netflix Throw More Cash Into Its Warner Bros. Deal? Investors Are Wondering
NFLX, WBD
Published: January 14, 2026 by: Investopedia
Sentiment: Neutral

Cash is king. Investors tracking the streaming-media M&A saga of the moment may need to decide whose is more regal.

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image for news Could Netflix Throw More Cash Into Its Warner Bros. Deal? Investors Are Wondering
'We're pleased' with Warner Bros. bidding war, says Harris Oakmark Funds' Bill Nygren
WBD
Published: January 14, 2026 by: CNBC Television
Sentiment: Positive

Bill Nygren, Partner & CIO-U.S. of Harris Oakmark Funds, joins ‘Squawk on the Street' to discuss the bidding war over Warner Bros. Discovery, bank earnings, and more.

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image for news 'We're pleased' with Warner Bros. bidding war, says Harris Oakmark Funds' Bill Nygren
Netflix Stock Dips Amid All-Cash Bid for Warner Bros. Rumors
NFLX, WBD
Published: January 14, 2026 by: Schaeffers Research
Sentiment: Negative

Netflix (NASDAQ:NFLX) shares are down 1.6% to trade at $88.92 at last check, following a Bloomberg report that the streaming giant put forth an all-cash offer for Warner Bros.

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image for news Netflix Stock Dips Amid All-Cash Bid for Warner Bros. Rumors
5 Things to Know Before the Stock Market Opens
NFLX, WBD
Published: January 14, 2026 by: Investopedia
Sentiment: Neutral

Stock futures are pointing to a lower open as investors digest earnings reports from major banks; Bank of America, Wells Fargo, and Citigroup each released quarterly results this morning; Netflix is reportedly preparing to make its offer for Warner Bros. Discovery all-cash to speed up the transaction; gold and silver prices each set new record highs this morning; and investors will be keeping an eye on economic data releases and scheduled comments from several Federal Reserve officials.

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image for news 5 Things to Know Before the Stock Market Opens
Netflix Stock Is Rising. Watch This One Thing as the Warner Bidding War Unfolds.
NFLX, WBD
Published: January 14, 2026 by: Barrons
Sentiment: Positive

The streamer's shares rose after reports said it planned to make its offer for the Warner Bros. streaming and studios assets all-cash.

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image for news Netflix Stock Is Rising. Watch This One Thing as the Warner Bidding War Unfolds.
Netflix weighs amending Warner Bros bid to make it all cash, Bloomberg News reports
NFLX, WBD
Published: January 13, 2026 by: Reuters
Sentiment: Positive

Netflix is working on revised terms for its Warner Bros Discovery acquisition and has discussed making its offer all cash for the purchase of the company's studios and streaming businesses, Bloomberg News reported on Tuesday.

Read More
image for news Netflix weighs amending Warner Bros bid to make it all cash, Bloomberg News reports
Paramount escalates hostile takeover bid of Warner Bros. with new board slate
PSKY, WBD
Published: January 13, 2026 by: Fast Company
Sentiment: Neutral

Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.

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image for news Paramount escalates hostile takeover bid of Warner Bros. with new board slate
Show us the math: Paramount sues Warner Bros. over how it determined Netflix's bid is better
NFLX, PSKY, WBD
Published: January 12, 2026 by: Market Watch
Sentiment: Negative

Paramount says it is suing Warner Bros. Discovery and filing a competing slate of directors in an effort to get the Warner board to take its offer to acquire the company seriously.

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image for news Show us the math: Paramount sues Warner Bros. over how it determined Netflix's bid is better
Paramount escalates hostile bid for Warner Bros. Discovery with proxy fight, lawsuit
PARA, WBD
Published: January 12, 2026 by: New York Post
Sentiment: Negative

Paramount accused WBD's board of breaching fiduciary duties by refusing to engage with what it calls a financially superior proposal.

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image for news Paramount escalates hostile bid for Warner Bros. Discovery with proxy fight, lawsuit
Paramount files lawsuit against Warner Bros. amidst controversial Netflix merger
NFLX, PSKY, WBD
Published: January 12, 2026 by: TechCrunch
Sentiment: Negative

As two major streaming platforms—Warner Bros. and Netflix—prepare for a merger, concerns continue to be voiced about the implications of the deal, which represents more consolidation in the media business.

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image for news Paramount files lawsuit against Warner Bros. amidst controversial Netflix merger
Paramount Launches Proxy Fight For Control Of Warner Bros. Discovery
WBD
Published: January 12, 2026 by: Forbes
Sentiment: Negative

Paramount said Monday it would push forward with its hostile bid for Warner Bros. Discovery by nominating directors to the WBD board that would engage with Paramount's offer, while also filing a lawsuit against the company to force it to disclose information about Netflix's offer.

Read More
image for news Paramount Launches Proxy Fight For Control Of Warner Bros. Discovery
Paramount Sues Warner Bros. for Information.
PSKY, WBD
Published: January 12, 2026 by: Barrons
Sentiment: Negative

Read More
image for news Paramount Sues Warner Bros. for Information.
Paramount Plans Proxy Fight to Push Hostile Warner Bid
PSKY, WBD
Published: January 12, 2026 by: WSJ
Sentiment: Negative

The company also said Monday it filed a lawsuit seeking more information on Warner's deal with Netflix

Read More
image for news Paramount Plans Proxy Fight to Push Hostile Warner Bid
Paramount Skydance sues for information in Warner Bros. Discovery hostile takeover attempt
PSKY, WBD
Published: January 12, 2026 by: CNBC
Sentiment: Negative

The lawsuit comes shortly after the WBD board once again told shareholders to reject Paramount's offer.

Read More
image for news Paramount Skydance sues for information in Warner Bros. Discovery hostile takeover attempt
Paramount to nominate directors for election at Warner Bros Discovery, files lawsuit
PSKY, WBD
Published: January 12, 2026 by: Reuters
Sentiment: Negative

Paramount Skydance said on Monday it plans to nominate directors to Warner Bros Discovery's board and has filed a lawsuit to force the HBO and CNN owner to disclose details of its $82.7 billion deal with Netflix.

Read More
image for news Paramount to nominate directors for election at Warner Bros Discovery, files lawsuit
PARAMOUNT PROVIDES UPDATE TO WARNER BROS. DISCOVERY SHAREHOLDERS ON ACTIONS IT IS TAKING TO ADVANCE ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER
PSKY, WBD
Published: January 12, 2026 by: PRNewsWire
Sentiment: Neutral

Intends to nominate directors for election at the WBD 2026 Annual Meeting and solicit against the approval of the Netflix transaction Files suit seeking disclosure of basic information to enable WBD shareholders to make informed decision LOS ANGELES and NEW YORK, Jan. 12, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today sent a letter to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") outlining Paramount's next steps for delivering its superior, fully financed, all-cash offer of $30 per share to WBD shareholders.

Read More
image for news PARAMOUNT PROVIDES UPDATE TO WARNER BROS. DISCOVERY SHAREHOLDERS ON ACTIONS IT IS TAKING TO ADVANCE ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER
Netflix Stock Is Pricey Even After Warner Bros.-Induced Selloff
NFLX, WBD
Published: January 09, 2026 by: Bloomberg Technology
Sentiment: Negative

Shares of Netflix have tumbled since October, when the streaming giant became one of the presumed suitors for Warner Bros. Discovery.

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image for news Netflix Stock Is Pricey Even After Warner Bros.-Induced Selloff
What will happen next in the war for Warner Bros. Discovery?
WBD
Published: January 09, 2026 by: Business Insider
Sentiment: Neutral

Paramount Skydance is still trying to disrupt Warner Bros. Discovery's deal with Netflix.

Read More
image for news What will happen next in the war for Warner Bros. Discovery?
Paramount Tells Lawmakers That Netflix-WBD Merger Is “Presumptively Unlawful”
NFLX, PSKY, WBD
Published: January 09, 2026 by: Deadline
Sentiment: Neutral

On the day that Warner Bros. Discovery's board announced its rejection of Paramount's latest bid, the David Ellison-led conglomerate took its argument to Capitol Hill. In a letter filed with a House Judiciary antitrust subcommittee on Wednesday, Paramount's chief legal officer, Makan Delrahim, wrote to lawmakers that the Netflix-WBD combination was “presumptively unlawful.

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image for news Paramount Tells Lawmakers That Netflix-WBD Merger Is “Presumptively Unlawful”
Is Trending Stock Warner Bros. Discovery, Inc. (WBD) a Buy Now?
WBD
Published: January 09, 2026 by: Zacks Investment Research
Sentiment: Neutral

Recently, Zacks.com users have been paying close attention to Warner Bros. Discovery (WBD).

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image for news Is Trending Stock Warner Bros. Discovery, Inc. (WBD) a Buy Now?
Some of Warner Bros' biggest investors are split on Paramount offer
PSKY, WBD
Published: January 08, 2026 by: Reuters
Sentiment: Neutral

Some of Warner Bros Discovery's biggest investors are split on Paramount Skydance's sweetened offer for the storied movie studio owner, giving the smaller media company a fighting chance at winning over shareholders.

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image for news Some of Warner Bros' biggest investors are split on Paramount offer
Paramount refuses to back down in Warner Bros. Discovery takeover fight against Netflix
NFLX, PSKY, WBD
Published: January 08, 2026 by: Fox Business
Sentiment: Positive

Paramount insists its $30 per share cash offer for Warner Bros. Discovery beats Netflix's $27.75 deal, despite board rejection of the hostile takeover bid.

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image for news Paramount refuses to back down in Warner Bros. Discovery takeover fight against Netflix
Paramount Skydance reiterates its Warner Bros Bid is superior to Netflix deal
NFLX, PSKY, WBD
Published: January 08, 2026 by: Proactive Investors
Sentiment: Positive

Paramount Skydance Corp (NASDAQ:PSKY) has reiterated its $30 per share all-cash offer to acquire Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), a day after the WBD board rejected the proposal as inferior to Netflix Inc (NASDAQ:NFLX, XETRA:NFC)'s competing bid. In a statement, Paramount said it noted WBD's decision not to engage but maintained that its offer is “superior to WBD's existing agreement with Netflix and represents the best path forward for WBD shareholders.

Read More
image for news Paramount Skydance reiterates its Warner Bros Bid is superior to Netflix deal
Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share
PSKY, WBD
Published: January 08, 2026 by: Business Insider
Sentiment: Negative

Paramount Skydance just said Warner Bros.

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image for news Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share
Paramount Reaffirms $30 A Share Cash Offer For Warner Bros. Discovery
PSKY, WBD
Published: January 08, 2026 by: Deadline
Sentiment: Positive

Paramount Skydance today reaffirmed its $30 a share all cash offer for Warner Bros. Discovery.

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image for news Paramount Reaffirms $30 A Share Cash Offer For Warner Bros. Discovery
Paramount Defends Its Hostile Bid for Warner
PSKY, WBD
Published: January 08, 2026 by: WSJ
Sentiment: Negative

Warner previously said the offer wasn't “even comparable” to Netflix's deal.

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image for news Paramount Defends Its Hostile Bid for Warner

About Warner Bros. Discovery, Inc. (WBD)

  • IPO Date 2005-07-08
  • Website https://ir.wbd.com
  • Industry Entertainment
  • CEO David Zaslav
  • Employees 35000

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.