What is Warner Bros. Discovery, Inc.'s market cap?

Warner Bros. Discovery, Inc. (WBD) has a market capitalization of $65.6B and trades on NASDAQ.

What is Warner Bros. Discovery, Inc.'s revenue and profitability?

Warner Bros. Discovery, Inc. generated $37.2B in trailing twelve-month revenue with a net loss of $1.9B, representing a net margin of 1.3%. Gross margin stands at 45.2%, with free cash flow of $2.3B. These figures are based on the Q1 2026 filing.

Who are Warner Bros. Discovery, Inc.'s competitors?

Warner Bros. Discovery, Inc.'s key competitors include The Walt Disney Company, Netflix, Inc., AMC Networks Inc. Class A, and others. These companies compete in similar markets and product categories.

Who does Warner Bros. Discovery, Inc. partner with?

Warner Bros. Discovery, Inc.'s notable partners include Netflix, Inc., PSKY, Apple, and others.

What subsidiaries does Warner Bros. Discovery, Inc. have?

Warner Bros. Discovery, Inc.'s subsidiaries include HBO, CNN, DC Studios, and others.

Where is Warner Bros. Discovery, Inc. headquartered?

Warner Bros. Discovery, Inc. is headquartered in United States of America and employs approximately 35,300 people. It has been publicly traded since 2005.

Warner Bros. Discovery, Inc.

WBD

Warner Bros.

Market cap

$65.56B+136%

Revenue$37.2B-2.9%

Net income-$1.9B+82.9%

Free cash flow$2.3B-46.8%

EPS (diluted)-$0.78+83.1%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 6, 2026

Revenue$8.9BIn line EPS-$1.17Miss by $1.06

Read the full report

Next report

Aug 6, 2026 (In 3 weeks)

Revenue estimate$9.2B

EPS estimate-$0.12

Financials

Q1 2026

Income statement

See full

Revenue$8.9B-1.0%

Gross profit$4.3B+10.4%

Operating income-$2.5B-6,573%

Net income-$2.9B-544%

EPS (diluted)-$1.17-550%

Balance sheet

See full

Cash & equivalents$3.3B-15.6%

Total debt$1.5B-46.3%

Total equity$32.6B-3.7%

Total assets$97.8B-3.8%

Cash flow

See full

Operating cash flow-$208.0M-138%

CapEx$268.0M+6.8%

Free cash flow-$476.0M-258%

Valuation & ratios

Valuation

See full

Market cap$65.56B+136%

Enterprise value$63.79B+176%

P/S1.8×+1.0×

Profitability

See full

Gross margin45.2%+2.7pp

Operating margin-4.6%-2.1pp

FCF margin6.2%-5.1pp

Returns & leverage

See full

Debt / equity0×0.0×

Current ratio0.7×-0.1×

Segments

By segment

See full

Global Linear Networks$4.4B—

Studios$3.1B—

Streaming$2.9B—

By product

See full

Distribution$4.9B—

Advertising$1.8B-6.7%

Competitors

By market cap

Netflix$318.29B-42.3%

Walt Disney$167.92B-24.7%

Warner Bros. Discovery, Inc.$65.6B+136%

PSK

Paramount Skydance Corporation Class B Common Stock$10.9B—

Nexstar Media Group, Inc.$5.4B-1.5%

AMC Networks Inc.$442.4M+60.1%

Cineverse Corp.$65.0M-37.1%

Kartoon Studios$36.1M-3.1%

By revenue growth

PSK

Paramount Skydance Corporation Class B Common Stock+65.4%

Netflix+16.7%

Walt Disney+4.0%

Warner Bros. Discovery, Inc.-2.9%

AMC Networks Inc.-3.4%

Nexstar Media Group, Inc.-4.6%

Cineverse Corp.-15.9%

By net margin

Netflix28.52%+5.4pp

Walt Disney14.67%+1.7pp

Nexstar Media Group, Inc.10.04%-4.9pp

Warner Bros. Discovery, Inc.1.28%+24.3pp

PSK

Paramount Skydance Corporation Class B Common Stock-1.25%-0.9pp

AMC Networks Inc.-6.46%+15.5pp

Cineverse Corp.-16.4%—

Profile

Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes a comprehensive portfolio of content across television, film, streaming, and interactive gaming. The company leverages a vast library of intellectual property and iconic franchises to generate revenue through subscription services, advertising, and content licensing. Its core value proposition lies in its ability to produce best-in-class content and manage a diverse ecosystem of brands spanning news, sports, and lifestyle entertainment.

Competitive position

A dominant global player with one of the world's largest owned content libraries and a leading position in both traditional linear networks and emerging streaming markets.

GeographiesUnited States, Canada, Latin America, Europe, Asia, Australia

Customer segmentsB2C, B2B, Enterprise

Business modelSubscription-based, Ad-supported, Content licensing, Intellectual property monetization

SuppliersCreative talent, Production equipment manufacturers, Sports rights holders, Cloud infrastructure providers

CustomersRetail consumers, Cable and satellite operators, Theatrical chains, Advertising agencies

CountryUnited States of America

Listed2005

Employees35.3K

CEODavid Zaslav

SectorCommunication Services

IndustryEntertainment

Websitewbd.com

FilingsSEC EDGAR

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s market cap?: Warner Bros. Discovery, Inc. (WBD) has a market capitalization of $65.6B and trades on NASDAQ.
What is Warner Bros. Discovery, Inc.'s revenue and profitability?: Warner Bros. Discovery, Inc. generated $37.2B in trailing twelve-month revenue with a net loss of $1.9B, representing a net margin of 1.3%. Gross margin stands at 45.2%, with free cash flow of $2.3B. These figures are based on the Q1 2026 filing.
Who are Warner Bros. Discovery, Inc.'s competitors?: Warner Bros. Discovery, Inc.'s key competitors include The Walt Disney Company, Netflix, Inc., AMC Networks Inc. Class A, and others. These companies compete in similar markets and product categories.
Who does Warner Bros. Discovery, Inc. partner with?: Warner Bros. Discovery, Inc.'s notable partners include Netflix, Inc., PSKY, Apple, and others.
What subsidiaries does Warner Bros. Discovery, Inc. have?: Warner Bros. Discovery, Inc.'s subsidiaries include HBO, CNN, DC Studios, and others.
Where is Warner Bros. Discovery, Inc. headquartered?: Warner Bros. Discovery, Inc. is headquartered in United States of America and employs approximately 35,300 people. It has been publicly traded since 2005.