WBD · Warner Bros. Discovery, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $1.88B | Three Months Ended June 30, 2026 | — |
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| Advertising results ex-FX year-over-year headwind (NBA absence) | 20% | Q2 2026 | — |
| CNN linear viewership growth | 24% | Q2 2026 | — |
| CNN total minutes spent growth | 19% | Q2 2026 | — |
| Free cash flow non-GAAP | $572M | Three Months Ended June 30, 2026 | — |
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| general entertainment delivery growth | 5% | Q2 2026 | — |
| Global Linear Networks Adjusted EBITDA non-GAAP | $1.45B | Three Months Ended June 30, 2026 | — |
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| MLB viewership growth | 23% | Q2 2026 | — |
| NCAA Final Four/Championship advertising ex-FX benefit | 4% | Q2 2026 | — |
| NCAA title game viewership | 18M | Q2 2026 | — |
| Net debt | $30B | Q2 FY2026 | — |
| NHL postseason viewership growth | 50% | Q2 2026 | — |
| NHL regular season viewership growth | 21% | Q2 2026 | — |
| Operating expenses decline ex-FX | 23% | Q2 2026 | — |
| Operating expenses decline ex-FX year-to-date | 16% | H1 2026 | — |
| Streaming Adjusted EBITDA non-GAAP | $512M | Three Months Ended June 30, 2026 | — |
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| Studios Adjusted EBITDA non-GAAP | $96M | Three Months Ended June 30, 2026 | — |
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| Trailing four quarters Adjusted EBITDA (used for net leverage) non-GAAP | $8.8B | Q2 2026 | — |
| Transaction-related expenses | $350M | Q2 2026 | — |
| Domestic ARPU | $10.45 | Q4 2025 | — |
| Domestic subscribers | 59.2M | Q4 2025 | — |
| Global streaming subscribers | 131.6M | Q4 2025 | — |
| International subscribers | 72.4M | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Entertainment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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WBD
this stock
Warner Bros. Discovery, Inc.
|
$70.88B | -2.0% | +53.5% | — | 2.9% |
|
NFLX
Netflix Inc
|
$331.41B | -14.5% | +15.9% | 25.0 | 2.2% |
|
DIS
Walt Disney Co
|
$185.31B | -5.3% | +3.4% | 22.2 | 1.1% |
|
LYV
Live Nation Entertainment, Inc.
|
$42.89B | +27.7% | +8.8% | — | 10.4% |
|
TKO
TKO Group Holdings, Inc.
|
$37.18B | -6.5% | -3.1% | — | 4.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WBD | +1.7% | +8.8% | +0.2% | +7.3% | -2.1% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +3.7% | +5.5% | -11.0% | +5.3% | -13.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.