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 1.9822
  • Debt/Equity 0.0039
  • CurrentRatio 1.0739
  • ROIC 0.0013

 

  • MktCap 71356703126.0
  • FreeCF/Share 1.6418
  • PFCF 17.5324
  • PE 147.2066
  • Debt/Assets 0.0014
  • DivYield 0
  • ROE 0.0139

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 3
  • P/B Score 3
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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

Paramount Targets Warner Bros. For Hostile Bid—Challenges Netflix Deal
PARA, WBD
Published: December 08, 2025 by: Forbes
Sentiment: Positive

Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes.

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image for news Paramount Targets Warner Bros. For Hostile Bid—Challenges Netflix Deal
Paramount Offers to Buy Warner Bros. for $30 a Share
PSKY, WBD
Published: December 08, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

Paramount Skydance took its bidding for Warner Bros. Discovery public with an offer of $30 a share in cash, just days after the company agreed to a deal with Netflix.

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image for news Paramount Offers to Buy Warner Bros. for $30 a Share
Market Getting "Answers" from FOMC, NFLX & PSKY Clash Over WBD
NFLX, PSKY, WBD
Published: December 08, 2025 by: Schwab Network
Sentiment: Positive

The Fed's interest rate decision will be crucial for markets this week, says Kevin Hincks, as he notes the anticipation building around what's expected to be a 25bps interest rate cut. He points to the possibility of quantitative easing into 2026 as another catalyst to watch.

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image for news Market Getting "Answers" from FOMC, NFLX & PSKY Clash Over WBD
David Ellison fights back as Paramount launches a hostile bid for Warner Bros. Discovery
PSKY, WBD
Published: December 08, 2025 by: Business Insider
Sentiment: Negative

Paramount Skydance got outbid by Netflix for Warner Bros. Discovery's streaming and studio assets.

Read More
image for news David Ellison fights back as Paramount launches a hostile bid for Warner Bros. Discovery
Paramount Launches Hostile Takeover Bid For Warner Bros. Discovery
PSKY, WBD
Published: December 08, 2025 by: Deadline
Sentiment: Positive

Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash. “The Paramount offer for the entirety of WBD provides shareholders $18 billion more incash than the Netflix consideration.

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image for news Paramount Launches Hostile Takeover Bid For Warner Bros. Discovery
Paramount makes $108.4 billion bid for Warner Bros Discovery
PSKY, WBD
Published: December 08, 2025 by: Reuters
Sentiment: Positive

Paramount Skydance on Monday launched a $108.4 billion deal for Warner Bros Discovery , throwing a wrench into the $72 billion deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant.

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image for news Paramount makes $108.4 billion bid for Warner Bros Discovery
Paramount Makes Hostile Takeover Bid for Warner After Netflix Struck Deal
NFLX, PSKY, WBD
Published: December 08, 2025 by: WSJ
Sentiment: Positive

Paramount launched a hostile takeover offer for Warner Bros. Discovery, taking its case for acquiring the company directly to shareholders just days after Warner agreed to a deal with Netflix.

Read More
image for news Paramount Makes Hostile Takeover Bid for Warner After Netflix Struck Deal
Paramount Skydance launches hostile bid for WBD after Netflix wins bidding war
NFLX, PSKY, WBD
Published: December 08, 2025 by: CNBC
Sentiment: Negative

David Ellison-run Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery.

Read More
image for news Paramount Skydance launches hostile bid for WBD after Netflix wins bidding war
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE
NFLX, PSKY, WBD
Published: December 08, 2025 by: PRNewsWire
Sentiment: Neutral

Offer provides superior value, and a more certain and quicker path to completion to WBD shareholders Equity to be backstopped by Ellison Family and RedBird Capital in addition to debt fully committed by Bank of America, Citi and Apollo Obligation to take offer directly to WBD shareholders over concerns they were not presented most compelling and superior transaction Netflix transaction provides WBD shareholders with inferior and uncertain value, a protracted and uncertain multi-jurisdictional regulatory clearance process, a complex and volatile mix of equity and cash, and ownership of Global Networks as a standalone overleveraged company whose future trading value is …

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image for news PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE
Netflix doesn't want to turn HBO into Netflix — it wants to bundle it
WBD, NFLX
Published: December 05, 2025 by: Business Insider
Sentiment: Positive

Netflix became HBO faster than HBO could become Netflix. That's why Netflix is buying HBO.

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image for news Netflix doesn't want to turn HBO into Netflix — it wants to bundle it
The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey
NFLX, WBD
Published: December 05, 2025 by: CNBC
Sentiment: Negative

Netflix has reached a deal to buy Warner Bros. Discovery's streaming and film studio asset for $72 billion.

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image for news The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Warner Bros. Discovery, Inc. (NASDAQ: WBD)
WBD
Published: December 05, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Dec. 5, 2025 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Warner Bros.

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image for news $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Warner Bros. Discovery, Inc. (NASDAQ: WBD)
Netflix Landed a Big Deal. Now it Could Have a Big Fight.
NFLX, WBD
Published: December 05, 2025 by: WSJ
Sentiment: Negative

The Trump administration is already scrutinizing the streaming company's $72 billion deal for Warner Bros.

Read More
image for news Netflix Landed a Big Deal. Now it Could Have a Big Fight.
Netflix to acquire Warner Bros. studio and streaming business for $72 billion
NFLX, WBD
Published: December 05, 2025 by: TechXplore
Sentiment: Positive

Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind "Harry Potter" and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.

Read More
image for news Netflix to acquire Warner Bros. studio and streaming business for $72 billion
Wall Street Roundup: Netflix Buying Warner Brothers
NFLX, WBD
Published: December 05, 2025 by: Seeking Alpha
Sentiment: Positive

Netflix (NFLX) acquires Warner Brothers (WBD) for $72B, aiming to strengthen its streaming content library and competitive positioning. DG and CRM delivered strong earnings, with Dollar General up 37% since early November and Salesforce's AI-driven products showing early but modest revenue traction.

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image for news Wall Street Roundup: Netflix Buying Warner Brothers
Here's what Warner Bros. Discovery CEO David Zaslav said about the Netflix deal at a company town hall
NFLX, WBD
Published: December 05, 2025 by: Business Insider
Sentiment: Positive

The Netflix-Warner Bros. Discovery deal would be one of the biggest ever in the media industry.

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image for news Here's what Warner Bros. Discovery CEO David Zaslav said about the Netflix deal at a company town hall
Netflix stock sinks as the streaming giant reveals plans to buy Warner Bros. and HBO in $83 billion megadeal
NFLX, WBD
Published: December 05, 2025 by: Fast Company
Sentiment: Neutral

Netflix has announced that it intends to buy legendary Hollywood studio Warner Bros. in a deal valued at approximately $82.7 billion.

Read More
image for news Netflix stock sinks as the streaming giant reveals plans to buy Warner Bros. and HBO in $83 billion megadeal
Netflix Acquisition Of Warner Bros Comes With Hidden Super Powers
NFLX, WBD
Published: December 05, 2025 by: Forbes
Sentiment: Positive

Earlier this month, a copy of the historic first issue of Superman comics sold for a record $9.1 million. Hold my beer, said Netflix.

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image for news Netflix Acquisition Of Warner Bros Comes With Hidden Super Powers
Netflix-Warner Bros mega-deal raises questions over content, competition
NFLX, WBD
Published: December 05, 2025 by: Proactive Investors
Sentiment: Neutral

Netflix Inc (NASDAQ:NFLX, XETRA:NFC)'s announcement that it will acquire Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) in a $72 billion cash-and-stock deal has drawn a mixed response from analysts, as investors weigh the risks and potential rewards of one of the largest media transactions in history. The deal values Warner Bros.

Read More
image for news Netflix-Warner Bros mega-deal raises questions over content, competition
David Ellison's hunt for WBD made David Zaslav richer — and it may not be over
NFLX, PSKY, WBD
Published: December 05, 2025 by: CNBC
Sentiment: Neutral

Paramount Skydance CEO David Ellison has made WBD CEO David Zaslav a lot richer with nothing to show for it as WBD agrees to sell its studio and streaming business to Netflix. Paramount is now considering taking an offer straight to shareholders to acquire the asset, believing its deal has a better chance of gaining U.S. regulatory approval, sources told CNBC.

Read More
image for news David Ellison's hunt for WBD made David Zaslav richer — and it may not be over
How Investors Are Responding to the Netflix-Warner Bros. Deal Today
NFLX, WBD
Published: December 05, 2025 by: Investopedia
Sentiment: Neutral

One of the most closely watched bidding wars of the year is over—maybe.

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image for news How Investors Are Responding to the Netflix-Warner Bros. Deal Today
HBO-Netflix Content On One Platform May Replicate Disney's Hulu Plan
NFLX, WBD
Published: December 05, 2025 by: Forbes
Sentiment: Positive

When the world's most prolific streaming service, Netflix, announced a deal Friday to purchase beleaguered Warner Bros., the big question immediately became how the sale would impact the valuable HBO Max content.

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image for news HBO-Netflix Content On One Platform May Replicate Disney's Hulu Plan
Netflix's plan to buy Warner Bros. throws the theater industry into upheaval
NFLX, WBD
Published: December 05, 2025 by: CNBC
Sentiment: Negative

Movie theater operators are worried for the future of the theatrical industry if Netflix completes its acquisition of Warner Bros. Discovery's studio and streaming assets.

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image for news Netflix's plan to buy Warner Bros. throws the theater industry into upheaval
Shareholder Alert: The Ademi Firm investigates whether Warner Bros. Discovery, Inc. is obtaining a Fair Price for its Public Shareholders
WBD
Published: December 05, 2025 by: PRNewsWire
Sentiment: Neutral

MILWAUKEE , Dec. 5, 2025 /PRNewswire/ -- The Ademi Firm is investigating WBD (NASDAQ: WBD) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Netflix. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995.

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image for news Shareholder Alert: The Ademi Firm investigates whether Warner Bros. Discovery, Inc. is obtaining a Fair Price for its Public Shareholders
Netflix to Buy Warner Bros. for $72 Billion - What We Know
NFLX, WBD
Published: December 05, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

Stephen Flynn, Bloomberg Intelligence Senior Credit Analyst, discusses the record-breaking bank loan that will help finance Netflix's planned $72 billion acquisition of Warner Bros. Discovery Inc. Netflix Inc. has lined up $59 billion of financing from Wall Street banks to help support its planned $72 billion acquisition of Warner Bros.

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image for news Netflix to Buy Warner Bros. for $72 Billion - What We Know
Netflix to Buy Warner Brothers for $72 Billion, PCE Data Delayed
NFLX, WBD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

Netflix streaming services will now join CNN, HBO Max, Major League Baseball, DC Studios, the Food Network and HGTV, to name just a few.

Read More
image for news Netflix to Buy Warner Brothers for $72 Billion, PCE Data Delayed
What Does Netflix's Planned Acquisition Of Warner Bros. Mean For Theaters And Titles Like HBO, CNN?
NFLX, WBD
Published: December 05, 2025 by: Forbes
Sentiment: Positive

Netflix announced Friday morning it struck a deal with Warner Bros. to purchase the storied film studio for $82.7 billion, a potentially major acquisition that shook the film and television industries.

Read More
image for news What Does Netflix's Planned Acquisition Of Warner Bros. Mean For Theaters And Titles Like HBO, CNN?
Here Are The WB Games Netflix Now Owns After Its Warner Bros. Purchase
NFLX, WBD
Published: December 05, 2025 by: Forbes
Sentiment: Positive

Netflix has just purchased Warner Bros. Studios for $82.7 billion, and if that deal goes through, it will now own many of the most popular IPs on the planet, in addition to WB's literal studios.

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image for news Here Are The WB Games Netflix Now Owns After Its Warner Bros. Purchase
Wall Street Surprised by Netflix Deal to Buy Warner Bros. Discovery
NFLX, WBD
Published: December 05, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

Jason Bazinet, Managing Director at Citigroup, discusses Netflix's move to buy Warner Bros. Discovery in a historic combination.

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image for news Wall Street Surprised by Netflix Deal to Buy Warner Bros. Discovery
Why Netflix's Mega-Merger Could Crush Your Portfolio
NFLX, WBD
Published: December 05, 2025 by: 24/7 Wall Street
Sentiment: Positive

Netflix ( NASDAQ:NFLX ) has officially clinched the blockbuster bidding war for Warner Bros.

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image for news Why Netflix's Mega-Merger Could Crush Your Portfolio

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.