Warner Bros. Discovery, Inc.
WBD · Cable & Other Pay Television Services · 2.51B shares · +54%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $874M (gross $1.4B, SBC $500M)
Reference price $27.42 · est. market cap ~$68.7B — last insider sale, 2026-03-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66gen composite 47pct→66
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
44.0%
Operating margin
2.0%
Net margin
1.9%
Return on equity
2.0%
Return on assets
0.7%
ROIC
0.8%
Revenue growth (QoQ)
-1.0%
Debt / equity
0.9×
Net debt / EBITDA
4.4×
Current ratio
1.1×
Free cash flow
$3.1B
EBITDA
$6.4B
Tangible book value
-$17.8B
Cash & investments
$4.6B
Stock comp / revenue
2.1%
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-30 | Noto Anthony | Grant | 1.1K | — |
| 2026-06-12 | Zaslav David | Tax withheld | 203K | $26.98 |
| 2026-06-09 | Sanchez Daniel E. | Grant | 9.1K | — |
| 2026-06-09 | Merchant Fazal F | Grant | 9.1K | — |
| 2026-06-09 | Di Piazza Samuel A Jr. | Grant | 9.1K | — |
| 2026-06-09 | LEVIN JOSEPH | Grant | 9.1K | — |
| 2026-06-09 | FISHER RICHARD W | Grant | 9.1K | — |
| 2026-06-09 | YANG GEOFFREY Y | Grant | 9.1K | — |
| 2026-06-09 | LEVY ANTON J | Grant | 9.1K | — |
| 2026-06-09 | GOULD PAUL A | Grant | 9.1K | — |
| 2026-06-09 | Noto Anthony | Grant | 9.1K | — |
| 2026-06-09 | LEE DEBRA L | Grant | 9.1K | — |
| 2026-06-09 | LOWE KENNETH W | Grant | 9.1K | — |
| 2026-06-09 | Price Paula A | Grant | 9.1K | — |
| 2026-06-04 | Price Paula A | I | 11K | $27.00 |
| 2026-04-15 | Girdwood Amy | Tax withheld | 226K | $27.20 |
| 2026-03-27 | Noto Anthony | Grant | 1.1K | — |
| 2026-03-27 | Price Paula A | Grant | 1.3K | — |
| 2026-03-16 | GOULD PAUL A | Sell | 600K | $27.35 |
| 2026-03-16 | Merchant Fazal F | Sell | 35K | $27.48 |
| 2026-03-16 | Perrette Jean-Briac | Sell | 659K | $27.42 |
| 2026-03-10 | Aiyar Priya | Option exercise | 77K | $11.02 |
| 2026-03-10 | Aiyar Priya | Sell | 77K | $27.85 |
| 2026-03-10 | LEE DEBRA L | Gift | 16K | — |
| 2026-03-10 | Aiyar Priya | Sell | 21K | $27.85 |
| 2026-03-09 | Campbell Bruce | Sell | 42K | $27.82 |
| 2026-03-06 | Wiedenfels Gunnar | Tax withheld | 44K | $27.95 |
| 2026-03-06 | Zeiler Gerhard | Tax withheld | 35K | $27.95 |
| 2026-03-06 | Perrette Jean-Briac | Tax withheld | 43K | $27.95 |
| 2026-03-06 | Campbell Bruce | Tax withheld | 44K | $27.95 |
| 2026-03-04 | Campbell Bruce | Option exercise | 286K | $15.02 |
| 2026-03-04 | Campbell Bruce | Option exercise | 139K | $8.67 |
| 2026-03-04 | Campbell Bruce | Sell | 139K | $28.00 |
| 2026-03-04 | Campbell Bruce | Option exercise | 131K | $11.02 |
| 2026-03-04 | Campbell Bruce | Sell | 131K | $28.00 |
| 2026-03-04 | Campbell Bruce | Option exercise | 15K | $11.85 |
| 2026-03-04 | Campbell Bruce | Sell | 15K | $28.00 |
| 2026-03-04 | Campbell Bruce | Sell | 825K | $28.00 |
| 2026-03-04 | Campbell Bruce | Sell | 54K | $28.00 |
| 2026-03-04 | Campbell Bruce | Sell | 1.3K | $28.00 |
| 2026-03-04 | Wiedenfels Gunnar | Option exercise | 91K | $15.02 |
| 2026-03-04 | Wiedenfels Gunnar | Sell | 91K | $28.05 |
| 2026-03-04 | Wiedenfels Gunnar | Option exercise | 131K | $8.67 |
| 2026-03-04 | Wiedenfels Gunnar | Sell | 131K | $28.05 |
| 2026-03-04 | Wiedenfels Gunnar | Option exercise | 124K | $11.02 |
| 2026-03-04 | Wiedenfels Gunnar | Sell | 124K | $28.05 |
| 2026-03-04 | Wiedenfels Gunnar | Sell | 28K | $28.05 |
| 2026-03-04 | Zeiler Gerhard | Sell | 600K | $28.02 |
| 2026-03-04 | Campbell Bruce | Option exercise | 183K | $25.70 |
| 2026-03-04 | Campbell Bruce | Sell | 183K | $28.00 |
| 2026-03-04 | Campbell Bruce | Sell | 286K | $28.00 |
| 2026-03-03 | Zeiler Gerhard | Tax withheld | 24K | $28.20 |
| 2026-03-03 | Girdwood Amy | Tax withheld | 7.0K | $28.20 |
| 2026-03-03 | Girdwood Amy | Sell | 75K | $28.25 |
| 2026-03-03 | Aiyar Priya | Tax withheld | 15K | $28.20 |
| 2026-03-03 | Aiyar Priya | Sell | 224K | $28.24 |
| 2026-03-03 | Wiedenfels Gunnar | Tax withheld | 29K | $28.20 |
| 2026-03-03 | Wiedenfels Gunnar | Sell | 618K | $28.25 |
| 2026-03-03 | Locke Lori C. | Tax withheld | 6.4K | $28.20 |
| 2026-03-03 | Perrette Jean-Briac | Tax withheld | 35K | $28.20 |
| 2026-03-03 | Campbell Bruce | Tax withheld | 32K | $28.20 |
| 2026-03-03 | Zaslav David | Sell | 4.0M | $28.26 |
| 2026-03-03 | FISHER RICHARD W | Sell | 16K | $28.31 |
| 2026-03-02 | Aiyar Priya | Grant | 89K | — |
| 2026-03-02 | Wiedenfels Gunnar | Grant | 156K | — |
| 2026-03-02 | Locke Lori C. | Grant | 29K | — |
| 2026-03-02 | Perrette Jean-Briac | Grant | 166K | — |
| 2026-03-02 | Girdwood Amy | Grant | 94K | — |
| 2026-03-02 | Zeiler Gerhard | Grant | 117K | — |
| 2026-03-02 | Campbell Bruce | Grant | 166K | — |
| 2026-02-27 | Wiedenfels Gunnar | Tax withheld | 459K | $28.17 |
| 2026-02-27 | Campbell Bruce | Tax withheld | 465K | $28.17 |
| 2026-02-27 | Locke Lori C. | Tax withheld | 7.8K | $28.17 |
| 2026-02-27 | Zeiler Gerhard | Tax withheld | 354K | $28.17 |
| 2026-02-27 | Perrette Jean-Briac | Tax withheld | 476K | $28.17 |
| 2026-02-27 | Girdwood Amy | Tax withheld | 12K | $28.17 |
| 2026-02-24 | Zeiler Gerhard | Grant | 191K | — |
| 2026-02-24 | Zeiler Gerhard | Grant | 341K | — |
| 2026-02-24 | Perrette Jean-Briac | Grant | 271K | — |
| 2026-02-24 | Perrette Jean-Briac | Grant | 455K | — |
| 2026-02-24 | Campbell Bruce | Grant | 271K | — |
| 2026-02-24 | Campbell Bruce | Grant | 455K | — |
| 2026-02-24 | Zaslav David | Grant | 2.1M | — |
| 2026-02-24 | Zaslav David | Tax withheld | 803K | $29.15 |
| 2026-02-24 | Zaslav David | Grant | 2.0M | — |
| 2026-02-24 | Zaslav David | Tax withheld | 774K | $29.15 |
| 2026-02-24 | Wiedenfels Gunnar | Grant | 255K | — |
| 2026-02-24 | Wiedenfels Gunnar | Grant | 455K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Shareholder vote | filing ↗ |
| 2026-06-04 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-27 | Material agreement3.03OtherExhibits | filing ↗ |
| 2026-05-19 | OtherExhibits | filing ↗ |
| 2026-05-06 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-30 | Exec/director changeExhibits | filing ↗ |
| 2026-04-23 | Shareholder vote | filing ↗ |
| 2026-03-16 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-09 | 0001193125-26-268519 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0001193125-26-256559 ↗ |
| 8-K | 2026-05-27 | 2026-05-26 | 0001193125-26-240646 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001437107-26-000059 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001437107-26-000057 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001437107-26-000055 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0001437107-26-000048 ↗ |
| DEF 14A | 2026-04-30 | 2026-06-09 | 0001437107-26-000046 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001193125-26-173660 ↗ |
| 8-K | 2026-03-16 | 2026-03-10 | 0001193125-26-108437 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001437107-26-000018 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001437107-26-000020 ↗ |