Warner Bros. Discovery (WBD): analysis in plain words
Is Warner Bros. Discovery cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Warner Bros. Discovery (WBD) is listed on the Nasdaq and we classify it in internet, media and entertainment. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Warner Bros. Discovery according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Warner Bros. Discovery (WBD) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $30.95 | Last price on October 5, 2026 |
| P/E ratio (TTM) | N/A | Price over earnings per share |
| Revenue growth | -11.2% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | -8.8% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.7x | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $77.6 billion | What the stock market values it at |
The Warner Bros. Discovery figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any WBD figure that is not available shows as N/A: we do not estimate it.
How Warner Bros. Discovery makes money
Warner Bros. Discovery combines the Warner Bros. film, TV and video game studios, the HBO Max streaming service and cable networks such as CNN, TNT, Discovery and TLC. It earns money from advertising, carriage fees paid by pay-TV providers, streaming subscriptions and licensing its content library.
Over the last 12 months, Warner Bros. Discovery brought in revenue of $36.1 billion. For every 100 it sells, Warner Bros. Discovery keeps 47.8 after the direct cost of what it sells (gross margin) and 5.1 after all operating costs (operating margin). With 35,500 full-time employees, that is about $1 million of revenue per employee.
Warner Bros. Discovery against its sector
To know whether a Warner Bros. Discovery figure is high or low you have to put it next to similar companies. This table compares Warner Bros. Discovery with the median of the 11 internet, media and entertainment companies Fintols covers, with data as of November 4, 2026.
| Figure | Warner Bros. Discovery | internet, media and entertainment median |
|---|---|---|
| Revenue growth | -11.2% | +15.9% (14) |
| Net margin | -8.8% | 9.3% (15) |
| Dividend yield | 0.00% | 0.00% (15) |
| Net debt / EBITDA | 3.7x | 0.3x (13) |
In short, against the typical internet, media and entertainment company, Warner Bros. Discovery grows more slowly, earns a thinner margin and carries more debt. By size, Warner Bros. Discovery ranks number 8 of 14 internet, media and entertainment companies quoted in USD on Fintols.
The bull case for Warner Bros. Discovery
These are the strengths in the Warner Bros. Discovery figures as of November 4, 2026:
- Warner Bros. Discovery generates real cash: $16.2 billion of free cash flow over 12 months, 20.8% of its stock market value.
The main risk for Warner Bros. Discovery
Warner Bros. Discovery sales fell 11.2% in the latest quarter against the same quarter a year earlier: if the decline drags on, profit usually follows.
On top of that: warner Bros. Discovery is losing money: its net margin over the last 12 months is -8.8%, so it spends more than it brings in. Until it turns a profit it relies on its cash or on raising money.
And, like the rest of internet, media and entertainment, Warner Bros. Discovery is exposed to a drop in advertising or subscription spending when the economy cools, plus regulation on data and competition.
Frequently asked questions about Warner Bros. Discovery
Is it a good time to buy Warner Bros. Discovery stock?
Fintols does not tell you whether to buy or sell Warner Bros. Discovery, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Warner Bros. Discovery stock trades at $30.95, 0% below its 52-week high ($30.99) and 72% above its low ($18.00). With Warner Bros. Discovery, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Warner Bros. Discovery pay a dividend?
No. As of November 4, 2026, Warner Bros. Discovery does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Warner Bros. Discovery today is counting on the share price rising, not on income.
Is Warner Bros. Discovery stock expensive?
Warner Bros. Discovery has no meaningful P/E as of November 4, 2026 because its last 12 months of earnings are negative or close to zero, so that yardstick cannot tell you whether it is expensive. Including its debt, Warner Bros. Discovery is valued at 13.8x its EBITDA (EV/EBITDA). A high P/E alone does not make Warner Bros. Discovery expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Warner Bros. Discovery's competitors?
On Fintols we compare Warner Bros. Discovery with Take-Two, Roblox and Snap, which are also in internet, media and entertainment. As of November 4, 2026, Take-Two is worth $39.1 billion; Roblox is worth $35.3 billion; Snap is worth $10.0 billion. Each has a side-by-side comparison with Warner Bros. Discovery below.
Warner Bros. Discovery competitors
- Take-Two (TTWO) analysis · Warner Bros. Discovery vs Take-Two comparison
- Roblox (RBLX) analysis · Warner Bros. Discovery vs Roblox comparison
- Snap (SNAP) analysis · Warner Bros. Discovery vs Snap comparison
To understand Warner Bros. Discovery better
More companies like Warner Bros. Discovery: internet, media and entertainment stocks and S&P 500 companies. Open the full WBD analysis with its valuation and scenarios. Educational content about Warner Bros. Discovery, not investment advice.