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WBD

Bearish signalScored 2026-10-06 Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

Research, not advice.

À propos

Warner Bros. Discovery, Inc.

Nom
Warner Bros. Discovery, Inc.
Secteur
Communication Services
Industrie
Entertainment
Bourse
NASDAQ
Capitalisation
$77.6B
Employés
35,500
PDG
David Zaslav
Site web
https://ir.wbd.com
Marché
AMCXCMCSACURIDISFOXLION

Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

VENTE TOTALE: 838100 titres (~23644341 USD)

Insiders
FISHER RICHARD WGirdwood AmyLEVY ANTON JLocke Lori C.LOWE KENNETH W
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$65,721,225

Avg sell (VWAP, 90d window) $28.06 vs last close $30.95 (+10.3%)

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

$24,462,131 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.

Last activity
2026-09-14
Liquidity
Liquid $2,228,447,032/day · 20d vol
Last synced
2026-10-08 09:41:04 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-09-14 Locke Lori C. Sell · S 29,115 $28.13 $819,005 Form 4
2026-09-11 FISHER RICHARD W Sell · S 6,700 $28.06 $188,002 Form 4
2026-09-10 LOWE KENNETH W Sell · S 200,000 $28.23 $5,646,000 Form 4
2026-09-09 Girdwood Amy Sell · S 262,285 $27.98 $7,338,734 Form 4
2026-09-03 LEVY ANTON J Sell · S 340,000 $28.39 $9,652,600 Form 4
2026-09-03 LOWE KENNETH W Sell · S 200,000 $28.35 $5,670,000 Form 4
2026-08-27 Perrette Jean-Briac Sell · S 126,707 $28.96 $3,669,435 Form 4
2026-08-14 Zaslav David Sell · S · 10b5-1 194,999 $28.02 $5,463,872 Form 4
2026-08-13 Merchant Fazal F Sell · S 71,539 $27.75 $1,985,207 Form 4
2026-08-13 Zaslav David Sell · S · 10b5-1 678,267 $28.01 $18,998,259 Form 4
2026-08-12 FISHER RICHARD W Sell · S 20,000 $27.46 $549,200 Form 4
2026-08-11 LOWE KENNETH W Sell · S 120,000 $26.97 $3,236,400 Form 4
2026-08-10 Zeiler Gerhard Sell · S 92,691 $27.02 $2,504,511 Form 4
2024-08-22 Zaslav David Sell · S 153 $7.55 $1,155 Form 4

Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

Date Member Side Amount range Filing
2026-09-25 Ro Khanna Buy $1,001 - $15,000 Filing

Recent trades

DateRepresentativeTypeAmount
2026-02-10August PflugerSale (Full)$1,001 - $15,000
2026-02-10Gilbert Ray CisnerosSale$1,001 - $15,000
2026-01-09Gilbert Ray CisnerosPurchase$1,001 - $15,000
2025-12-08Julia LetlowSale (Full)$1,001 - $15,000
2025-11-18Gilbert Ray CisnerosPurchase$1,001 - $15,000
2025-09-29Ro KhannaPurchase$1,001 - $15,000
2025-07-25Julia LetlowSale (Partial)$1,001 - $15,000
2025-05-12Jefferson ShreveSale (Full)$15,001 - $50,000
2025-01-13August PflugerSale (Full)$1,001 - $15,000
2024-11-29Laurel LeeSale (Full)$1,001 - $15,000
2024-11-29Laurel LeeSale (Partial)$1,001 - $15,000
2024-11-01Julia LetlowPurchase$1,001 - $15,000
2024-09-09Ro KhannaPurchase$1,001 - $15,000
2024-09-09Ro KhannaSale$1,001 - $15,000
2024-08-12Carol Devine MillerSale (Full)$1,001 - $15,000
2024-07-09Earl BlumenauerSale (Full)$1,001 - $15,000
2024-03-20Ro KhannaPurchase$1,001 - $15,000
2024-02-13Ro KhannaSale$1,001 - $15,000
2024-01-10Ro KhannaPurchase$1,001 - $15,000
2023-11-03Ro KhannaPurchase$1,001 - $15,000
2023-11-01Harold Dallas RogersSale$1,001 - $15,000
2023-11-01Pete SessionsSale (Full)$15,001 - $50,000
2023-10-31Ro KhannaSale$1,001 - $15,000
2023-10-31Pete SessionsSale (Full)$15,001 - $50,000
2023-10-06Pete SessionsSale (Full)$15,001 - $50,000
2023-10-02Ro KhannaSale$1,001 - $15,000
2023-08-18Pete SessionsSale (Full)$15,001 - $50,000
2023-08-01Michael GuestSale (Full)$1,001 - $15,000
2023-06-26Ro KhannaSale$1,001 - $15,000
2023-05-23Ro KhannaPurchase$1,001 - $15,000
2023-05-12Michael T. McCaulSale$50,001 - $100,000
2023-05-12Michael T. McCaulSale$15,001 - $50,000
2023-04-25Ro KhannaPurchase$1,001 - $15,000
2023-04-10Ro KhannaSale$1,001 - $15,000
2023-03-14Ro KhannaPurchase$1,001 - $15,000
2023-02-09Michael T. McCaulSale$50,001 - $100,000
2023-02-09Michael T. McCaulSale$15,001 - $50,000
2022-12-21Michael GuestSale (Full)$1,001 - $15,000
2022-12-16Michael T. McCaulPurchase$15,001 - $50,000
2022-12-16Michael T. McCaulPurchase$50,001 - $100,000
2022-12-15Michael T. McCaulPurchase$50,001 - $100,000
2022-12-15Michael T. McCaulPurchase$15,001 - $50,000
2022-12-14Michael T. McCaulPurchase$50,001 - $100,000
2022-12-14Michael T. McCaulPurchase$15,001 - $50,000
2022-12-06Ro KhannaPurchase$1,001 - $15,000
2022-12-06Ro KhannaSale$1,001 - $15,000
2022-11-03Ro KhannaSale$1,001 - $15,000
2022-09-29Ro KhannaPurchase$1,001 - $15,000
2022-09-14Michael T. McCaulPurchase$15,001 - $50,000
2022-09-14Michael T. McCaulPurchase$100,001 - $250,000
2022-09-08Ro KhannaPurchase$1,001 - $15,000
2022-08-23Ro KhannaSale$15,001 - $50,000
2022-08-10Michael T. McCaulSale$100,001 - $250,000
2022-08-10Michael T. McCaulSale$15,001 - $50,000
2022-08-09Michael T. McCaulSale$100,001 - $250,000
2022-08-09Michael T. McCaulSale$50,001 - $100,000
2022-08-04Bob GibbsSale (Full)$1,001 - $15,000
2022-07-11Michael T. McCaulPurchase$50,001 - $100,000
2022-07-11Michael T. McCaulPurchase$100,001 - $250,000
2022-06-27Ro KhannaSale$1,001 - $15,000
2022-06-23Michael T. McCaulPurchase$1,001 - $15,000
2022-06-23Michael T. McCaulPurchase$15,001 - $50,000
2022-06-17Earl BlumenauerPurchase$1,001 - $15,000
2022-06-16Ro KhannaPurchase$15,001 - $50,000
2022-06-02Ro KhannaSale$15,001 - $50,000
2022-06-01Ro KhannaSale$15,001 - $50,000
2022-05-17Virginia Ann FoxxSale (Full)$15,001 - $50,000
2022-05-10Ro KhannaPurchase$1,001 - $15,000
2022-05-05Michael T. McCaulSale$100,001 - $250,000
2022-05-05Michael T. McCaulSale$15,001 - $50,000
2022-05-05Ro KhannaSale$15,001 - $50,000
2022-04-21Ro KhannaSale$1,001 - $15,000
2022-04-11Nancy PelosiExchange$50,001 - $100,000
2022-04-11David KustoffExchange$250,001 - $500,000

Signal

Bearish signalScored 2026-10-06 Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

WBD presents a moderate opportunity driven by a transformative $81B merger with Paramount/Skydance, but the bullish M&A catalyst is meaningfully undermined by heavy insider selling of $23.6M and a critically low…

The first sentence of the analysis written for WBD on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Bearish signal Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
  • Congress Unavailable or mixed. 1 purchase disclosure year to date, a thin reading
  • Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
  • Timing Supports a bullish reading. Interesting trend — weekly bias up
  • Financial indicators Unavailable or mixed. Current ratio 1.06 · operating margin 3.5%

Suggested stop 28.09, nearest stored support minus 0.5 ATR(9.2% under the last close). Research, not advice. Not an order.

Market snapshot

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin28.2%41.6%40.6%39.6%62.1%
Ebit Margin10.0%-23.8%-4.0%-21.2%16.9%
Ebitda Margin25.2%29.5%54.1%41.9%58.6%
Operating Profit Margin3.5%-25.5%-3.7%-21.8%16.5%
Pretax Profit Margin4.4%-29.0%-9.3%-26.5%11.8%
Continuous Operations Profit Margin2.0%-29.2%-7.5%-21.6%9.8%
Net Profit Margin1.9%-28.8%-7.6%-21.8%8.3%
Bottom Line Profit Margin1.9%-28.8%-7.6%-21.9%8.4%
Current Ratio1.0560.8900.9270.9322.100
Quick Ratio1.0560.8900.9270.9322.100
Solvency Ratio0.1020.1390.2740.1640.290
Cash Ratio0.3650.3360.2470.2481.129
Price To Earnings Ratio99.379-2.288-8.891-2.48215.187
Price To Earnings Growth Ratio-0.935-0.0090.1340.007-1.024
Forward Price To Earnings Growth Ratio-0.935-0.0090.1340.007-1.024
Price To Earnings Diluted Ratio99.379-2.288-8.891-2.48215.286
Price To Earnings Diluted Growth Ratio-0.935-0.0090.1340.007-1.025
Price To Book Ratio1.9860.7610.6130.3911.029
Price To Sales Ratio1.9130.6590.6710.5440.979
Price To Free Cash Flow Ratio23.0995.8504.5005.5454.922
Price To Operating Cash Flow Ratio16.5154.8183.7084.2734.265
Debt To Assets Ratio0.3250.3780.3560.3660.429
Debt To Equity Ratio0.9071.1610.9661.0401.272
Debt To Capital Ratio0.4760.5370.4910.5100.560
Long Term Debt To Capital Ratio0.4740.5190.4810.5080.554
Financial Leverage Ratio2.7863.0722.7142.8452.968
Working Capital Turnover Ratio-72.702-27.632-38.76324.2683.558
Operating Cash Flow Ratio0.3460.3400.4880.2870.809
Operating Cash Flow Sales Ratio0.1160.1370.1810.1270.230
Free Cash Flow Operating Cash Flow Ratio0.7150.8240.8240.7710.867
Debt Service Coverage Ratio3.8342.4175.7867.3927.112
Interest Coverage Ratio0.628-4.974-0.697-4.1473.179
Short Term Operating Cash Flow Coverage Ratio31.0721.9564.20111.7928.254
Operating Cash Flow Coverage Ratio0.1330.1360.1710.0880.190
Capital Expenditure Coverage Ratio3.5095.6705.6824.3617.501
Dividend Paid And Capex Coverage Ratio3.5095.6705.6824.3617.501
Dividend Payout Ratio0.0000.0000.0000.0000.000
Enterprise Value Multiple10.5495.1753.0234.4923.188

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 28.2% ▼-13.4% ▼-14.2%
Ebit Margin 10.0% ▲33.8% ▲14.4%
Ebitda Margin 25.2% ▼-4.3% ▼-16.6%
Operating Profit Margin 3.5% ▲29.0% ▲9.7%
Pretax Profit Margin 4.4% ▲33.4% ▲14.1%
Continuous Operations Profit Margin 2.0% ▲31.2% ▲11.3%
Net Profit Margin 1.9% ▲30.7% ▲11.5%
Bottom Line Profit Margin 1.9% ▲30.7% ▲11.5%
Current Ratio 1.056 ▲0.166 ▼-0.125
Quick Ratio 1.056 ▲0.166 ▼-0.125
Solvency Ratio 0.102 ▼-0.037 ▼-0.092
Cash Ratio 0.365 ▲0.029 ▼-0.100
Price To Earnings Ratio 99.379 ▲101.667 ▲79.198
Price To Earnings Growth Ratio -0.935 ▼-0.926 ▼-0.570
Forward Price To Earnings Growth Ratio -0.935 ▼-0.926 ▼-0.570
Price To Earnings Diluted Ratio 99.379 ▲101.667 ▲79.178
Price To Earnings Diluted Growth Ratio -0.935 ▼-0.926 ▼-0.570
Price To Book Ratio 1.986 ▲1.225 ▲1.030
Price To Sales Ratio 1.913 ▲1.254 ▲0.960
Price To Free Cash Flow Ratio 23.099 ▲17.249 ▲14.316
Price To Operating Cash Flow Ratio 16.515 ▲11.697 ▲9.799
Debt To Assets Ratio 0.325 ▼-0.052 ▼-0.045
Debt To Equity Ratio 0.907 ▼-0.254 ▼-0.163
Debt To Capital Ratio 0.475 ▼-0.062 ▼-0.039
Long Term Debt To Capital Ratio 0.474 ▼-0.045 ▼-0.033
Financial Leverage Ratio 2.786 ▼-0.285 ▼-0.091
Working Capital Turnover Ratio -72.702 ▼-45.069 ▼-50.447
Operating Cash Flow Ratio 0.345 ▲0.005 ▼-0.108
Operating Cash Flow Sales Ratio 0.116 ▼-0.021 ▼-0.042
Free Cash Flow Operating Cash Flow Ratio 0.715 ▼-0.109 ▼-0.085
Debt Service Coverage Ratio 3.834 ▲1.416 ▼-1.475
Interest Coverage Ratio 0.628 ▲5.601 ▲1.830
Short Term Operating Cash Flow Coverage Ratio 31.072 ▲29.116 ▲19.617
Operating Cash Flow Coverage Ratio 0.133 ▼-0.003 ▼-0.011
Capital Expenditure Coverage Ratio 3.509 ▼-2.161 ▼-1.836
Dividend Paid And Capex Coverage Ratio 3.509 ▼-2.161 ▼-1.836
Dividend Payout Ratio 0.000 0.000 0.000
Enterprise Value Multiple 10.549 ▲5.374 ▲5.264

Key metrics

MetricTrend20252024202320222021
Market cap$71.33B$25.90B$27.72B$18.39B$11.93B
Enterprise value$99.33B$60.09B$67.61B$63.66B$22.79B
EV / Sales2.66x1.53x1.64x1.88x1.87x
EV / Op. cash flow23.00x11.18x9.04x14.79x8.14x
EV / Free cash flow32.17x13.57x10.97x19.19x9.40x
EV / EBITDA10.55x5.17x3.02x4.49x3.19x
Net debt / EBITDA2.97x2.94x1.78x3.19x1.52x
Current ratio1.06x0.89x0.93x0.93x2.10x
Income quality5.94x-0.47x-2.43x-0.59x2.34x
Graham number$10———$32
Graham net-net-$22-$24-$28-$39-$30
Tax burden44.4%99.3%80.9%82.3%70.2%
Interest burden43.9%121.5%235.3%124.7%69.4%
Working capital$706.0M-$1.73B-$1.11B-$1.02B$3.81B
Invested capital$61.09B$81.42B$99.33B$110.36B$28.20B
Return on assets0.7%-10.8%-2.5%-5.5%2.9%
Operating ROA1.3%-8.8%-1.2%-8.8%5.9%
Return on tangible assets1.6%-41.1%-11.1%-26.4%8.9%
Return on equity2.0%-33.2%-6.9%-15.7%8.7%
Return on invested capital0.7%-11.0%-1.1%-5.0%5.4%
Return on capital employed1.5%-11.3%-1.4%-6.2%6.5%
Earnings yield1.0%-43.7%-11.3%-40.1%8.4%
Free cash flow yield4.3%17.1%22.2%18.0%20.3%
Capex / Op. cash flow28.5%17.6%17.6%22.9%13.3%
Capex / Depreciation21.7%4.5%5.5%4.6%7.3%
Capex / Sales3.3%2.4%3.2%2.9%3.1%
SG&A / Sales25.3%23.6%23.5%28.6%32.9%
R&D / Sales0.0%0.0%0.0%0.0%0.0%
Stock comp / Sales0.0%1.4%1.2%1.2%1.5%
Intangibles / Total assets53.7%73.7%77.0%79.2%67.0%
Days sales outstanding52d55d65d82d73d
Days payables outstanding15d17d19d26d33d
Operating cycle52d55d65d82d73d
Cash conversion cycle37d38d46d56d41d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▲+175.4%EV / Sales ▲+74.3%EV / EBITDA ▲+103.9%EV / Op. cash flow ▲+11.819Earnings yield ▲+0.447
Profitability
Return on equity ▲+0.353Return on assets ▲+0.115Return on invested capital ▲+0.116Return on capital employed ▲+0.128Operating ROA ▲+0.101Income quality ▲+6.409Tax burden ▼-0.550
Efficiency
Days sales outstanding ▼-3.198Days payables outstanding ▼-1.870Operating cycle ▼-3.198Cash conversion cycle ▼-1.328Capex / Sales ▲+0.009R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+0.166Net debt / EBITDA ▲+0.029Working capital ▲+2438000000.000Invested capital ▼-20335000000.000Intangibles / Total assets ▼-0.201

Change over 5 years

Valuation
Market cap ▲+497.7%EV / Sales ▲+42.5%EV / EBITDA ▲+230.9%EV / Op. cash flow ▲+14.854Earnings yield ▼-0.074Graham number ▼-22.165
Profitability
Return on equity ▼-0.066Return on assets ▼-0.022Return on invested capital ▼-0.047Return on capital employed ▼-0.050Operating ROA ▼-0.046Income quality ▲+3.603Tax burden ▼-0.258
Efficiency
Days sales outstanding ▼-21.423Days payables outstanding ▼-17.655Operating cycle ▼-21.423Cash conversion cycle ▼-3.768Capex / Sales ▲+0.002R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-1.044Net debt / EBITDA ▲+1.456Working capital ▼-3099000000.000Invested capital ▲+32886000000.000Intangibles / Total assets ▼-0.133

Employee count

Peer market caps

Recent news