Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc.

WBDยทNASDAQ

$27.00

-0.92%
Communication ServicesEntertainment

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.

At a Glance

Live Snapshot
Market Cap$67.69B
EPS0.2900
P/E Ratio93.10
Earnings Date08/06/2026
3Y-
5Y+58.0%
10Y+213.0%
3Y-115.0%
5Y-22.0%
10Y+113.0%
3Y-37.0%
5Y+215.0%
10Y+312.0%
WBD

Warner Bros. Discovery, Inc. Cash Conversion Engine

WBD ยท NASDAQ
Net Income727.00M
Depreciation & Amortization5.68B
Stock-Based Compensation0.00
Change in Working Capital-11.30B
Others9.92B
Capital Expenditures-1.23B
Free Cash Flow3.09B

Cash Flow Quality Analysis

FCF Conversion Rate

424.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

28.5%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-30.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$11.30B

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Warner Bros. Discovery, Inc. Cash Flow Statement

WBD โ€ข NASDAQ

Warner Bros. Discovery, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
727M
-11.5B
-3.1B
-7.3B
1.2B
1.4B
2.2B
681M
-313M
1.2B
1B
1.1B
1.1B
945M
1.1B
669M
564M
445M
-68M
-46M
5.7B
21B
24B
21.4B
5.1B
4.3B
4.2B
4.7B
2.2B
2.1B
2B
1.9B
1.5B
982M
965M
847M
155M
232M
68M
68M
-710M
-1.7B
-2.3B
-2.8B
-511M
-186M
-504M
-131M
-199M
-27M
2M
-181M
83M
-70M
40M
11M
-13M
190M
56M
42M
0.0
557M
500M
412M
178M
110M
142M
80M
39M
69M
35M
78M
190M
154M
99M
182M
228M
-66M
0.0
0.0
9.9B
9.2B
380M
3.7B
88M
244M
321M
180M
1.8B
96M
63M
-17M
-10M
144M
5M
110M
538M
84M
16M
-9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(686M)
(484M)
(485M)
(288M)
(395M)
(444M)
(0.0)
(0.0)
(0.0)
-11.3B
-12.1B
-12B
-11B
-3.2B
-3.1B
-3B
-2.9B
-1.9B
-2.1B
-1.9B
-1.6B
-1.5B
-1.1B
-1.1B
-1.2B
-830M
-316M
-15M
19M
4.3B
5.4B
7.5B
4.3B
2.8B
2.7B
3.4B
2.6B
1.6B
1.4B
1.3B
1.3B
1.3B
1.1B
1.1B
668M
642M
569M
57M
74M
INVESTING ACTIVITIES
-1.2B
-948M
-1.3B
-987M
-373M
-402M
-289M
-147M
-135M
-88M
-103M
-120M
-115M
-77M
-58M
-49M
-55M
-102M
-47M
-78M
(0.0)
-109M
-162M
(3.4B)
-186M
-220M
-327M
-8.5B
-475M
(19M)
-19M
-327M
-1.9B
-553M
-177M
-165M
(0.0)
(37M)
(2M)
-47M
-100M
(0.0)
(0.0)
(0.0)
-189M
-250M
(0.0)
(0.0)
-545M
-272M
-281M
-180M
-55M
(0.0)
(0.0)
-127M
-31M
(0.0)
(0.0)
-52M
54M
677M
121M
1.1B
599M
154M
179M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
21M
0.0
24M
24M
28M
0.0
731M
31M
98M
9M
93M
15M
-1M
73M
522M
85M
102M
59M
44M
-13M
0.0
151M
300M
139M
2M
8M
-546M
-349M
-1.3B
(3.5B)
-56M
-703M
-438M
-8.6B
-633M
-256M
-301M
-568M
-2B
-643M
-214M
-190M
(238M)
(98M)
-15M
-169M
FINANCING ACTIVITIES
0.0
0.0
0.0
0.0
0.0
-969M
-633M
0.0
-603M
-1.4B
-957M
-1.4B
-1.3B
-1.4B
-997M
-605M
0.0
0.0
13M
279K
-4.6B
-3.4B
-5.4B
-7.3B
-574M
-214M
-1.4B
-216M
6.7B
248M
806M
434M
1.2B
970M
619M
77M
-371M
-411M
-1M
-7K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-969M
-633M
(0.0)
-603M
-1.4B
-957M
-1.4B
-1.3B
-1.4B
-997M
-605M
(0.0)
(0.0)
(0.0)
(0.0)
-313M
-323M
-466M
-425M
-279M
-366M
-320M
-67M
-126M
-1M
-768M
210M
278M
105M
88M
-113M
15M
-363M
0.0
-272K
-4.9B
-3.7B
-5.8B
-7.7B
-853M
-1.5B
-2.4B
-283M
6B
-1.2B
-919M
-734M
-85M
-305M
-297M
-641M
-356M
-774M
12M
0.0
CASH FLOW SUMMARY
250M
-180M
8M
-61M
-106M
83M
-38M
-23M
62M
-30M
-51M
-57M
-6M
2M
-7M
6M
5M
-2M
0.0
0.0
-850M
1.1B
389M
25M
1.8B
570M
566M
-6.3B
7B
-90M
23M
-41M
-793M
153M
582M
-157M
529M
-109M
54M
-95M
5.4B
4.3B
3.9B
3.9B
2.1B
1.6B
986M
7.3B
300M
390M
367M
408M
1.2B
1B
466M
623M
94M
209M
155M
250M
4.6B
5.4B
4.3B
3.9B
3.9B
2.1B
1.6B
986M
7.3B
300M
390M
367M
408M
1.2B
1B
466M
623M
100M
209M
155M
3.1B
4.4B
6.2B
3.3B
2.4B
2.3B
3.1B
2.4B
1.5B
1.3B
1.2B
1.2B
1.2B
1B
1B
619M
587M
467M
10M
-4M

SEC Filings

WBD - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 27, 2026
May 26, 2026
2026
8-K

8-K 2026

N/A

May 19, 2026
May 19, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 30, 2026
June 09, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 10, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 27, 2026
February 27, 2026
2026
Showing 1 to 10 of 478 filings