Warner Bros. Discovery, Inc. (WBD)

NASDAQ: WBD · Real-Time Price · USD
28.75
+0.22 (0.77%)
At close: Feb 20, 2026, 4:00 PM EST
28.80
+0.05 (0.17%)
After-hours: Feb 20, 2026, 7:58 PM EST
Market Cap71.30B +188.9%
Revenue (ttm)37.86B -4.3%
Net Income489.00M
EPS0.19
Shares Out 2.48B
PE Ratio148.10
Forward PE410.23
Dividendn/a
Ex-Dividend Daten/a
Volume19,867,199
Open28.69
Previous Close28.53
Day's Range28.52 - 28.78
52-Week Range7.52 - 30.00
Beta1.62
AnalystsBuy
Price Target21.35 (-25.74%)
Earnings DateFeb 26, 2026

About WBD

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 lice... [Read more]

Industry Entertainment
Founded 1923
Employees 35,000
Stock Exchange NASDAQ
Ticker Symbol WBD
Full Company Profile

Financial Performance

In 2024, Warner Bros. Discovery's revenue was $39.32 billion, a decrease of -4.84% compared to the previous year's $41.32 billion. Losses were -$11.31 billion, 261.8% more than in 2023.

Financial Statements

Analyst Summary

According to 21 analysts, the average rating for WBD stock is "Buy." The 12-month stock price target is $21.35, which is a decrease of -25.74% from the latest price.

Price Target
$21.35
(-25.74% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Netflix co-CEO accuses James Cameron of spreading 'misinformation' about Warner Bros. acquisition

Netflix co-CEO Ted Sarandos accused director James Cameron of spreading misinformation about Netflix's proposed Warner Bros. Discovery acquisition after Cameron criticized the deal.

Other symbols: NFLX
4 hours ago - Fox Business

Netflix co-CEO: James Cameron joined Paramount's ‘DISINFORMATION CAMPAIGN' in Warner Bros bid war

Netflix co-CEO Ted Sarandos responds to criticisms over the streaming service's proposed acquisition of Warner Bros. Discovery on ‘The Claman Countdown.

Other symbols: NFLXPSKY
7 hours ago - Fox Business

Paramount Says It Cleared DOJ Review For Warner Bros. Bid—But There's A Long Way To Go

Hay said the regulatory hurdle cleared by Paramount Skydance still means it and Warner Bros. Discovery “could consummate the deal if they had one,” adding, “Any subsequent change of heart by DOJ would...

Other symbols: PSKY
8 hours ago - Forbes

California Attorney General Says State Is Taking “Close Look” At Netflix Or Paramount Merger With Warner Bros. Amid Antitrust Concerns

California Attorney General Rob Bonta said that his office will give the Netflix and Paramount proposals for Warner Bros. a “full and robust review.” Bonta's statement on Friday underscored another el...

Other symbols: NFLXPSKY
8 hours ago - Deadline

James Cameron just made 3 arguments against Netflix buying Warner Bros. The last one has stakes for the entire world

The biggest drama in Hollywood in recent months hasn't been on the silver screen but in the boardrooms of two of the most powerful companies in the industry.

Other symbols: NFLX
11 hours ago - Fast Company

Paramount Skydance's $78B bid for Warner Bros. clears major hurdle

However, the Department of Justice's review isn't finished.

12 hours ago - New York Post

Paramount says US antitrust waiting period on Warner Bros bid has expired

Paramount said on Friday the U.S. antitrust waiting period for its $108.4 billion all-cash bid for Warner Bros Discovery expired on February 19, marking a milestone on the road to a potential deal to ...

Other symbols: PSKY
14 hours ago - Reuters

Here's what Paramount would have to do for Netflix to walk away from its Warner Bros. deal

A MoffettNathanson analyst says that if Paramount pushes its price above $32 per share, Netflix may be too disciplined to continue bidding on something that is ‘not a must have'

Other symbols: NFLXPSKY
14 hours ago - Market Watch

Paramount Clears U.S. Antitrust Hurdle In Battle For Warner Bros. Discovery

Paramount has cleared a 10-day waiting period after responding to a second request for information from the DOJ around its unsolicited offer for Warner Bros. Discovery. The company said today that the...

Other symbols: PSKY
14 hours ago - Deadline

Netflix Acquiring Warner Bros. Would Put 'More' Movies In Theaters, Sarandos Says—Despite Earlier ‘Outdated' Comments

Cinemark CEO Sean Gamble said Wednesday he is “apprehensive” about Netflix's Warner Bros. bid. He said Netflix's commitment to keep movies in theaters for 45 days is “some element of encouragement,” b...

Other symbols: NFLX
1 day ago - Forbes

Famed director James Cameron sends scathing letter to antitrust lawmaker over Netflix-WBD deal

James Cameron slammed the proposed Netflix acquisition of Warner Bros. Discovery's studio and streaming assets in a letter to U.S. Sen.

Other symbols: NFLX
1 day ago - CNBC

Paramount is spreading misinformation About Warner Deal, Netflix co-CEO Says

Netflix co-CEO Ted Sarandos says the company's bid to acquire Warner Bros. Discovery offer great value to Warner Bros.

Other symbols: NFLXPSKY
1 day ago - Bloomberg Markets and Finance

Warner Bros. Discovery to Report Fourth Quarter and Full Year 2025 Results on Thursday, February 26

NEW YORK, Feb. 19, 2026 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today announced that it will report its fourth quarter and full year 2025 results on Thursday, Februa...

1 day ago - PRNewsWire

Sarandos Says Warner Bros. Purchase Will Accelerate Netflix Growth

Netflix co-CEO Ted Sarandos tells Bloomberg he is "highly confident" the deal for Warner Bros. Discovery will close.

Other symbols: NFLX
1 day ago - Bloomberg Markets and Finance

Exclusive: Netflix has ample room to increase its offer in battle for Warner Bros, sources say

Netflix has ample cash and could increase its offer for HBO Max owner Warner Bros Discovery if rival bidder Paramount Skydance ups its own offer, two people with knowledge of the matter said.

Other symbols: NFLX
1 day ago - Reuters

DOJ probes how Warner Bros. sale could impact movie theaters, potentially lead to fewer new films

The Justice Department is probing how a sale of Warner Bros. Discovery to Netflix could impact moviegoers – and potentially lead to fewer new film releases, according to a report Thursday.

1 day ago - New York Post

Despite The Headlines, Paramount Skydance Bid For WBD Likely To Fail

The Warner Bros. Discovery and Paramount logos appear on a smartphone screen in this illustration photo in Reno, United States, on December 15, 2025 (Photo Illustration by Jaque Silva/NurPhoto via Get...

Other symbols: PSKY
1 day ago - Forbes

Allspring Large Cap Growth Fund Q4 2025 Performance Update

The Allspring Large Cap Growth Fund underperformed the Russell 1000 Growth Index during the fourth quarter. As VYVGART gains traction with new patients, argenx continues to advance its pipeline, targe...

2 days ago - Seeking Alpha

US DOJ probes Warner Bros' planned sale impact on theaters, Bloomberg News reports

The U.S. Justice Department has summoned some of the country's major theater chains to private conversations about the potential impact of a sale of Warner Bros Discovery, Bloomberg News reported on W...

2 days ago - Reuters

Netflix counsel decries Paramount ‘DISTRACTION' rhetoric amid Warner Bros bidding war

Netflix counsel Aaron Teitelbaum discusses Warner Bros. Discovery reopening talks with Paramount Skydance on ‘The Claman Countdown.

Other symbols: NFLXPSKY
2 days ago - Fox Business

Warner Bros. Reopens Talks, MSG Sports Talks Knicks, Rangers Spinoff | Bloomberg Deals 2/18/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Principal Venture Partners Found...

Other symbols: MSGS
2 days ago - Bloomberg Markets and Finance

In Warner Merger Battle, Netflix Needs To Take “More Action” To Prove It Loves Movie Theaters, Cinemark CEO Says

Exhibitors are “apprehensive” about “placing too much stock” in Netflix's recent pledges to honor traditional theatrical release windows, Cinemark CEO Sean Gamble said Wednesday. Speaking to Wall Stre...

Other symbols: CNKNFLX
2 days ago - Deadline

Warner Bros. Investors Want a Netflix, Paramount Bidding War.

Paramount said it was prepared to engage in discussions, but stopped short of mentioning a $31 a share bid.

Other symbols: NFLXPSKY
2 days ago - Barrons

Opinion | The Warner Bros. Fight Isn't Over

Investors start to see past Trump and ask which takeover offer is really better.

3 days ago - WSJ

Netflix co-CEO: Paramount has been 'flooding the zone' and confusing Warner Bros. shareholders

Netflix co-CEO Ted Sarandos joins CNBC's Julia Boorstin and 'Closing Bell Overtime' on the heels of news that Netflix allowed Warner Bros. and Paramount to reopen talks about potential acquisition.

Other symbols: NFLXPSKY
3 days ago - CNBC Television