← Russell 3000 cross-section

WBD Warner Bros. Discovery, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-08-06, not restated
Communication Svcs

Scale

Market cap
$72.5bn
Revenue TTM
$36.1bn
Net income TTM
$-3.2bn
Free cash flow
$2.2bn
Composite score
31.3
Sector rank
#176

Valuation

P / E
EV / EBITDA
26.6
EV / sales
2.8
FCF yield
3.01%
Earnings yield vs 10-yr
-9.10pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-8.8%
EBITDA margin
10.5%
ROE
-9.6%
ROIC
-2.1%
Revenue growth
-6.0%

Insider activity, last 90 days

Net open-market
$-108.35m
Buyers
0
Sellers
5

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

INDUSTRY TRENDS Headwinds in the industry, such as continued pressures on linear distribution and declines in linear subscribers and continued softness in the U.S. linear advertising market, have had, and are expected to continue to have, a material impact on the operations and results of the Company, including a negative impact on the results of operations attributed to declines in linear advertising revenue. Revenues Distribution revenue increased 1% and remained flat for the three and six months ended June 30, 2026, respectively, primarily attributable to continued growth in existing streaming markets and the global expansion of HBO Max, including new distribution deals, partially offset …Warner Bros. Discovery, Inc., 10-Q, period ended 2026-06-30, filed 2026-08-06

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