Is Warner Bros. Discovery (WBD) overvalued or fairly valued?

MarketChacha shows Warner Bros. Discovery's valuation in context — a forward P/E of about 403.9, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Warner Bros. Discovery's revenue?

Warner Bros. Discovery reported revenue of $37.3B for FY2025, with net profit of $727.0M, per official filings.

What is the share price of Warner Bros. Discovery (WBD)?

Warner Bros. Discovery last traded at $28.27 (-0.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Warner Bros. Discovery

WBD · NASDAQ · Communication Services · United States

Snapshot

TickerWBD

ExchangeNASDAQ

SectorCommunication Services

IndustryEntertainment

CountryUnited States

Employees35,500

HeadquartersNew York, United States

Websitewww.wbd.com

Filings tracked25

About Warner Bros. Discovery

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

Who owns it

Insiders4.2%
Institutions79.2%
Public & other16.6%

1,729 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.89%
Vanguard Capital Management LLC6.32%
State Street Corporation5.11%
Vanguard Portfolio Management LLC4.19%
Invesco Ltd.3.19%
Geode Capital Management, LLC2.78%
Millennium Management Llc2.30%
Pentwater Capital Management Lp1.89%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 2.0% is on the low side — the business earns a modest return on shareholder capital.

Net margin trend-7.6% → 1.9%

Margin has expanded by about 9.5 points — the business is getting more profitable.

Return on equity2.0%

Latest ROE of 2.0% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $9.8B · EPS -0.04

Est. earnings growth +93.3%

Next fiscal year

Rev $37.3B · EPS -0.01

Est. earnings growth +106.5%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$37.3B

Net margin

1.9%

ROE

2.0%

Revenue CAGR (2y)

-5.0%

EPS (FY2025)

0.29

Net profit (FY2025)

$727.0M

Ask MarketChacha about WBD

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$37.3B	$727.0M	0.29	1.9%	2.0%
FY2024	$39.3B	$-11.3B	-4.62	-28.8%	-33.2%
FY2023	$41.3B	$-3.1B	-1.28	-7.6%	-6.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$8.7B	$149.0M	0.06	1.7%
2026Q1	$8.9B	$-2.9B	-1.17	-32.8%
2025Q3	$9.0B	$-148.0M	-0.06	-1.6%
2025Q2	$9.8B	$1.6B	0.63	16.1%
2025Q1	$9.0B	$-453.0M	-0.18	-5.0%
2024Q3	$9.6B	$135.0M	0.05	1.4%
2024Q2	$9.7B	$-10.0B	-4.07	-102.8%
2024Q1	$10.0B	$-966.0M	-0.40	-9.7%
2023Q3	$10.0B	$-417.0M	-0.17	-4.2%
2023Q2	$10.4B	$-1.2B	-0.51	-12.0%
2023Q1	$10.7B	$-1.1B	-0.44	-10.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Shareholder vote results
SEC6/12/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/4/2026material
8-K — Material agreement, Security holder rights, Other events, Exhibits
SEC5/27/2026material
8-K — Other events, Exhibits
SEC5/19/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Executive/director change, Exhibits
SEC4/30/2026material
8-K — Shareholder vote results
SEC4/23/2026material
8-K — Executive/director change, Exhibits
SEC3/16/2026material
8-K — Material agreement, Termination of agreement, Reg FD disclosure, Other events, Exhibits
SEC2/27/2026material
10-K filing
SEC2/27/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/26/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/18/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC1/20/2026material
8-K — Executive/director change, Exhibits
SEC1/7/2026material

2025

8-K — Reg FD disclosure, Other events, Exhibits
SEC12/5/2025material
8-K — Material agreement, Executive/director change, Exhibits
SEC12/5/2025material
8-K — Executive/director change, Exhibits
SEC11/13/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025
8-K — Executive/director change
SEC7/31/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.