Warner Bros. Discovery, Inc.
WBDNasdaqCommunication Services · Cable & Other Pay Television Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B |
| Operating income | $738.0M | −$10.03B | −$1.55B | −$7.37B | $2.01B | $2.52B |
| Net income | $727.0M | −$11.31B | −$3.13B | −$7.37B | $1.01B | $1.22B |
| Total assets | $100.08B | $104.56B | $122.76B | $134.00B | $34.43B | $34.09B |
| Total liabilities | $62.92B | $69.62B | $76.28B | $85.33B | $21.03B | $21.70B |
| Equity | $35.92B | $34.04B | $45.23B | $47.09B | $11.60B | $10.46B |
| EPS (diluted) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.54 | $1.81 |
| Shares out. | 2.45B | 2.44B | 2.43B | 2.43B | 169.0M | 672.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2.0%
- Net margin
- 1.9%
- Return on equity
- 2.0%
- Return on assets
- 0.7%
- Return on capital (ROCE)
- 0.8%
- Liabilities / assets
- 62.9%
- Debt / equity
- 1.75×
- Book value / share
- $14.63
- Revenue growth (YoY)
- −5.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.32distress
- Accruals / assets
- −3.6%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 3 good- Altman Z″ in the distress zone
- Revenue declined year-over-year
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Girdwood AmyOfficer — Chief People & Culture Officer | Apr 15, 2026 | Tax withholding | 225,624 | $27.20 |
| Price Paula ADirector | Mar 27, 2026 | Grant | 1,340 | $0.00 |
| Noto AnthonyDirector | Mar 27, 2026 | Grant | 1,063 | $0.00 |
| Perrette Jean-BriacOfficer — Pres.&CEO, Global Streaming | Mar 16, 2026 | Sell | 659,120 | $27.42 |
| Gould Paul ADirector | Mar 16, 2026 | Sell | 600,000 | $27.35 |
| Merchant Fazal FDirector | Mar 16, 2026 | Sell | 35,000 | $27.48 |
| Lee Debra LDirector | Mar 10, 2026 | Gift | 16,345 | $0.00 |
| Campbell BruceOfficer — Chief Rev & Strategy Officer | Mar 6, 2026 | Tax withholding | 43,578 | $27.95 |
| Perrette Jean-BriacOfficer — Pres.&CEO, Global Streaming | Mar 6, 2026 | Tax withholding | 43,433 | $27.95 |
| Wiedenfels GunnarOfficer — Chief Financial Officer | Mar 6, 2026 | Tax withholding | 43,578 | $27.95 |
| Zeiler GerhardOfficer — President, International | Mar 6, 2026 | Tax withholding | 35,213 | $27.95 |
| Aiyar PriyaOfficer — Chief Legal Officer | Mar 10, 2026 | Sell | 21,408 | $27.85 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 63.8M | 4.0 | +7.5% |
| Apr 30, 2026 | 59.4M | 3.2 | -0.1% |
| Apr 15, 2026 | 59.5M | 3.0 | +0.1% |
| Mar 31, 2026 | 59.4M | 2.0 | +24.5% |
| Mar 13, 2026 | 47.7M | 1.8 | -22.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Modified shareholder rights · Other material eventMay 27, 2026
- Other material eventMay 19, 2026
- Results of operations · Regulation FD disclosureMay 6, 2026
- Director / officer changeApr 30, 2026
- Shareholder voteApr 23, 2026
- Director / officer changeMar 16, 2026
- Entered a material agreement · Terminated a material agreement · Regulation FD disclosure · Other material eventFeb 27, 2026
- Results of operations · Regulation FD disclosureFeb 26, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.