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

Netflix wants to buy Warner Bros. Discovery.
NFLX, WBD
Published: December 05, 2025 by: Business Insider
Sentiment: Positive

Larry Ellison and his son, David, own Paramount, which wanted to buy Warner Bros. Discovery.

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image for news Netflix wants to buy Warner Bros. Discovery.
Netflix breaks down how its approach to movie theaters will (and will not) change when it buys Warner Bros.
NFLX, WBD
Published: December 05, 2025 by: Business Insider
Sentiment: Positive

Netflix will maintain its short theatrical movie runs despite acquiring the Warner Bros. studio. Co-CEO Ted Sarandos confirmed Netflix's focus on streaming over long exclusive theater windows.

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image for news Netflix breaks down how its approach to movie theaters will (and will not) change when it buys Warner Bros.
Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
WBD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.

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image for news Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
Netflix Is Buying Warner Bros. in an $83B Deal.
NFLX, WBD
Published: December 05, 2025 by: CNET
Sentiment: Positive

The acquisition will see massive franchises including Harry Potter and Friends brought into the same portfolio as Stranger Things and Squid Game.

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image for news Netflix Is Buying Warner Bros. in an $83B Deal.
Trump administration views Netflix and Warner Bros. deal with 'heavy skepticism,' senior White House official says
NFLX, WBD
Published: December 05, 2025 by: CNBC
Sentiment: Negative

The Trump administration has "heavy skepticism" about the newly announced $72 billion deal for Netflix to acquire Warner Bros. Discovery's film and streaming assets.

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image for news Trump administration views Netflix and Warner Bros. deal with 'heavy skepticism,' senior White House official says
Netflix Wins Bidding War For Warner Bros. Discovery With $83 Billion Deal
NFLX, WBD
Published: December 05, 2025 by: Investopedia
Sentiment: Positive

The bidding war for Warner Bros. Discovery (WBD) is officially over, as the entertainment giant and Netflix (NFLX) announced an $83 billion deal Friday.

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image for news Netflix Wins Bidding War For Warner Bros. Discovery With $83 Billion Deal
Netflix to Buy Warner Bros. in Deal Worth $72 Billion
NFLX, WBD
Published: December 05, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

Netflix will buy Warner Bros. Discovery in a deal that reshapes Hollywood and streaming.

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image for news Netflix to Buy Warner Bros. in Deal Worth $72 Billion
Netflix to acquire Warner Bros in $82.7B deal
NFLX, WBD
Published: December 05, 2025 by: Proactive Investors
Sentiment: Positive

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) and Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) announced an agreement under which Netflix will acquire Warner Bros, including its film and television studios, HBO Max, and HBO, in a transaction valued at approximately $82.7 billion. The deal combines Netflix's global streaming platform with Warner Bros' film and television operations and legacy franchises.

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image for news Netflix to acquire Warner Bros in $82.7B deal
Netflix to acquire Warner Bros. in a disruptive deal valued at $82.7B
NFLX, WBD
Published: December 05, 2025 by: TechCrunch
Sentiment: Positive

In one of the most groundbreaking deals the streaming world has ever seen, Netflix announced on Friday its acquisition of Warner Bros. with an enterprise value of $82.7 billion.

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image for news Netflix to acquire Warner Bros. in a disruptive deal valued at $82.7B
Why Netflix says its Warner Bros. deal won't be a failure like other media mega-mergers before it
NFLX, WBD
Published: December 05, 2025 by: Business Insider
Sentiment: Positive

Netflix defended its acquisition of Warner Bros. as a strategic and informed move.

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image for news Why Netflix says its Warner Bros. deal won't be a failure like other media mega-mergers before it
Paramount believes it has path through Trump admin to get WBD deal approved: Puck's Matt Belloni
PSKY, WBD
Published: December 04, 2025 by: CNBC Television
Sentiment: Positive

Matt Belloni, Puck founding partner, joins 'Power Lunch' to discuss Netflix's proposed bid for Warner Bros. Discovery, what will happen with CNN and much more.

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image for news Paramount believes it has path through Trump admin to get WBD deal approved: Puck's Matt Belloni
Paramount Raises Concerns About Netflix's Bid for Warner Bros. Discovery
NFLX, PSKY, WBD
Published: December 04, 2025 by: WSJ
Sentiment: Negative

David Ellison's company turns up the heat with a pair of letters as suitors prepare fresh bids.

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image for news Paramount Raises Concerns About Netflix's Bid for Warner Bros. Discovery
Even Paramount now thinks Netflix is winning the bidding war for Warner Bros. Discovery
NFLX, PSKY, WBD
Published: December 04, 2025 by: Market Watch
Sentiment: Negative

Paramount Skydance had been considered the front-runner in the bidding war for Warner Bros. Discovery, but signaled on Thursday that it felt it is losing to Netflix in a process it deemed unfair.

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image for news Even Paramount now thinks Netflix is winning the bidding war for Warner Bros. Discovery
Paramount questions ‘fairness and adequacy' of WBD auction process after reports Netflix may win
NFLX, WBD
Published: December 04, 2025 by: New York Post
Sentiment: Positive

Netflix has made a mostly cash offer to purchase the Warner Bros. studio and HBO Max, while Paramount has submitted an all-cash bid for the entire company, The Post previously reported.

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image for news Paramount questions ‘fairness and adequacy' of WBD auction process after reports Netflix may win
Paramount accuses Warner Bros Discovery of unfair sale process, CNBC reports
PSKY, WBD
Published: December 04, 2025 by: Reuters
Sentiment: Negative

Paramount Skydance has accused Warner Bros Discovery of running an unfair sale process that favors Netflix over other bidders, CNBC reported on Thursday, citing a letter sent by the newly merged media company.

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image for news Paramount accuses Warner Bros Discovery of unfair sale process, CNBC reports
Netflix and Paramount are now the favorites to buy Warner Bros., but investors don't like it
NFLX, PSKY, WBD
Published: December 03, 2025 by: Market Watch
Sentiment: Negative

Share prices for both suitors are down over 5% as details emerge of cash bids for the owner of HBO and CNN.

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image for news Netflix and Paramount are now the favorites to buy Warner Bros., but investors don't like it
Paramount's Larry and David Ellison might look to Middle East petrostates to help finance a deal for WBD. That's tricky.
PSKY, WBD
Published: December 03, 2025 by: Business Insider
Sentiment: Neutral

Paramount owners Larry and David Ellison want to buy Warner Bros. Discovery.

Read More
image for news Paramount's Larry and David Ellison might look to Middle East petrostates to help finance a deal for WBD. That's tricky.
Who Will wind up buying Warner Bros. Discovery?
WBD
Published: December 02, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

On this episode of Stock Movers with Lisa Mateo: - Shares of Warner Bros. Discovery (WBD) edged higher ahead of the US market open after the company fielded a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.

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image for news Who Will wind up buying Warner Bros. Discovery?
Comcast CEO Eyes $28 Per Share Bid For Warner Bros. Assets, Outbidding Paramount, Netflix
CMCSA, NFLX, PSKY, WBD
Published: November 28, 2025 by: Benzinga
Sentiment: Positive

Comcast Corp (NASDAQ: CMCSA) CEO Brian Roberts is pushing aggressively into the second round of bidding for Warner Bros. Discovery Inc (NASDAQ: WBD) as he looks to revive the company's weakening media portfolio.

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image for news Comcast CEO Eyes $28 Per Share Bid For Warner Bros. Assets, Outbidding Paramount, Netflix
Warner Bros. Sale: Paramount Has Edge, But Regulatory Hurdles Loom
WBD
Published: November 26, 2025 by: Forbes
Sentiment: Neutral

Warner Bros. Discovery is officially on the block.

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image for news Warner Bros. Sale: Paramount Has Edge, But Regulatory Hurdles Loom
Paramount can win long-term with or without buying Warner Bros. Discovery, says Rich Greenfield
PSKY, WBD
Published: November 26, 2025 by: CNBC Television
Sentiment: Positive

Rich Greenfield, LightShed Partners partner and co-founder, joins 'Squawk Box' to discuss the bidding war for Warner Bros. Discovery.

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image for news Paramount can win long-term with or without buying Warner Bros. Discovery, says Rich Greenfield
Warner Bros. Discovery Second Round Bids Due Dec. 1
WBD
Published: November 25, 2025 by: Deadline
Sentiment: Neutral

Warner Bros. Discovery has asked bidders to submit a sweetened second round of offers by Monday, Dec. 1, Deadline has confirmed. The media giant led by David Zaslav has been sitting on the first round of non-binding bids since Nov. 20.

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image for news Warner Bros. Discovery Second Round Bids Due Dec. 1
Here is What to Know Beyond Why Warner Bros. Discovery, Inc. (WBD) is a Trending Stock
WBD
Published: November 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.

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image for news Here is What to Know Beyond Why Warner Bros. Discovery, Inc. (WBD) is a Trending Stock
Bidders for Warner Bros Discovery face barrage of political and regulatory risks
WBD, CMCSA, NFLX, PSKY
Published: November 21, 2025 by: Reuters
Sentiment: Negative

Paramount Skydance , Comcast and Netflix are bidding to buy Warner Bros Discovery , Reuters reported on Thursday, but each company's bid faces its own political and regulatory risks.

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image for news Bidders for Warner Bros Discovery face barrage of political and regulatory risks
Why Comcast could go all out to buy Warner Bros. Discovery
CMCSA, WBD
Published: November 21, 2025 by: Business Insider
Sentiment: Neutral

A bidding war for Warner Bros. Discovery is brewing between Paramount, Comcast, and Netflix.

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image for news Why Comcast could go all out to buy Warner Bros. Discovery
Paramount, Comcast, and Netflix submit bids for Warner Bros Discovery
CMCSA, NFLX, PSKY, WBD
Published: November 21, 2025 by: Proactive Investors
Sentiment: Positive

Paramount Global (NASDAQ:PARA), Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2), and Netflix Inc (NASDAQ:NFLX, XETRA:NFC) have submitted nonbinding bids to acquire all or parts of Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), according to people familiar with the matter. Paramount is seeking to acquire the entire company, including cable networks such as CNN, TBS, and HBO Max/Discovery+, along with Warner Bros.

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image for news Paramount, Comcast, and Netflix submit bids for Warner Bros Discovery
Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery
CMCSA, NFLX, PSKY, WBD
Published: November 21, 2025 by: CNBC
Sentiment: Positive

Paramount Skydance made another offer for Warner Bros. Discovery this week, while Netflix and Comcast bid on the company's studios and streaming assets, according to people familiar with the matter.

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image for news Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery
Paramount Skydance is the frontrunner for Warner Bros. Discovery's assets, says NYT's Jim Stewart
PSKY, WBD
Published: November 20, 2025 by: CNBC Television
Sentiment: Neutral

Jim Stewart, NYT columnist, joins 'The Exchange' to discuss the bidding happening for Warner Bros. Discovery, if bidders will end up overpaying and much more.

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image for news Paramount Skydance is the frontrunner for Warner Bros. Discovery's assets, says NYT's Jim Stewart
Suitors submit bids for Warner Bros. Discovery, with winning offer expected at less than $30 per share
WBD
Published: November 20, 2025 by: New York Post
Sentiment: Positive

The bidding war for WBD pits Paramount Skydancee – the burgeoning media company run by independent movie producer David Ellison and backed by his father, billionaire Trump donor and Oracle founder Larry Ellison – against Brian Roberts' media behemoth Comcast and streaming giant Netflix.

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image for news Suitors submit bids for Warner Bros. Discovery, with winning offer expected at less than $30 per share
Can Warner Bros. Discovery Stock Surge Hold?
WBD
Published: November 20, 2025 by: Forbes
Sentiment: Neutral

Warner Bros. Discovery (NASDAQ:WBD), the influential entity behind HBO, Max, Warner Bros.

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image for news Can Warner Bros. Discovery Stock Surge Hold?

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.