Warner Bros. Discovery

Warner Bros. Discovery

Entertainment
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. In 2026, it intends to split its networks from streaming and studios to form two separate companies. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner’s own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.

$77.6B

Market Cap • 9/28/2026

2008

(18 years)

Founded

2005

(21 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

2,4

P/S

2,1

P/EBITDA

20,4

P/OCF

22,7

P/FCF

35,6

P/E

—

BVPS

13,1

EPS

—

Market Cap

Market Cap

77,6B

EV

107,4B

EV/Revenue

3

EV/EBITDA

28,2

EV/EBIT

-84,4

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

0%

Total Yield

0%

Payout

0%

Retained Earnings

-14,3B

Profitability

Gross Margin

47,2%

EBITDA Margin

10,5%

EBIT Margin

—

Net Margin

—

D&A/EBITDA

133,4%

R&D/Revenue

0%

Capex/Revenue

3,4%

Capex/D&A

24,5%

Capex/OCF

36,3%

SBC/OCF

23,8%

% PPE

6,8%

% Goodwill

26,6%

ROE

—

ROIC

—

Growth

CAGR Revenue 5Y

26,2%

CAGR OCF 5Y

6,4%

Leverage

N.D./EBITDA

7,5

Debt/Equity

0%

Current Ratio

0,8

Quick Ratio

0,5

Interest Coverage

—

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