WBD icon

Warner Bros
WBD

Overview Fund Activity
18.70 USD
+0.71
3.95%
At close Updated Sep 18, 4:00 PM EDT
Pre-market
After hours
18.66
-0.04
0.21%
1 day
3.95%
5 days
6.67%
1 month
58.21%
3 months
76.92%
6 months
79.98%
Year to date
75.42%
1 year
122.09%
5 years
-26.67%
10 years
-26.67%
 

About: Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. In 2026, it intends to split its global networks business from its streaming and studios businesses, forming 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.

Employees: 35,000

Communication Services Entertainment
0
Funds holding %
of 7,463 funds
0
Analysts bullish %
of 10 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $562M | Put options by funds: $413M

13% more capital invested

Capital invested by funds: $17.6B [Q1] → $19.9B (+$2.3B) [Q2]

4% more funds holding in top 10

Funds holding in top 10: 27 [Q1] → 28 (+1) [Q2]

3.31% more ownership

Funds ownership: 66.76% [Q1] → 70.07% (+3.31%) [Q2]

3% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 120

1% less funds holding

Funds holding: 1,153 [Q1] → 1,137 (-16) [Q2]

21% less repeat investments, than reductions

Existing positions increased: 363 | Existing positions reduced: 460

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$10
47% downside
Avg. target
$14.3
24% downside
High target
$18
4% downside

10 analyst ratings

5  positive
50%
5  neutral
50%
0  negative
0%
TD Cowen
Doug Creutz
$14
Hold
Downgraded
16 Sep 2025
Wells Fargo
Steven Cahall
$14
Equal-Weight
Maintained
11 Sep 2025
Raymond James
Ric Prentiss
$13
Outperform
Maintained
8 Aug 2025
Keybanc
Brandon Nispel
$16
Overweight
Maintained
8 Aug 2025
Morgan Stanley
Benjamin Swinburne
$13
Equal-Weight
Maintained
6 Aug 2025
See Analyst Rankings

Financial journalist opinion

Based on 74 articles about WBD published over the past 30 days

Neutral
Deadline
13 hours ago
FX Chairman John Landgraf Says Paramount-WBD Deal (Or Another Mega Merger) Is “Inevitable”
John Landgraf has said that a Paramount Skydance takeover of Warner Bros. Discovery, or another mega studio merger, is a matter of when, not if. The FX chairman said it was “inevitable” that there would be seismic consolidation as legacy studios aim to compete with Netflix, Apple, and YouTube.
FX Chairman John Landgraf Says Paramount-WBD Deal (Or Another Mega Merger) Is “Inevitable”
Neutral
Zacks Investment Research
yesterday
Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market: What Investors Need to Know
In the closing of the recent trading day, Warner Bros. Discovery (WBD) stood at $18.25, denoting a -6.22% move from the preceding trading day.
Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market: What Investors Need to Know
Positive
Investopedia
2 days ago
S&P 500 Gains and Losses Today: Oil Stocks Climb; Warner Bros. Discovery and Paramount Retreat
Shares of oil producers gained ground, boosted by an uptick in commodity prices, while a rally ran out of steam for two entertainment giants at the center of reports about a potential takeover bid.
S&P 500 Gains and Losses Today: Oil Stocks Climb; Warner Bros. Discovery and Paramount Retreat
Negative
Schwab Network
2 days ago
WBD & PSKY Merger: Saving Linear TV or Monopoly in the Making?
TD Cowen downgraded Warner Bros. Discovery (WBD) over risk/reward concerns if a reported bid from Paramount Skydance (PSKY) falls through.
WBD & PSKY Merger: Saving Linear TV or Monopoly in the Making?
Negative
Investopedia
2 days ago
Top Stock Movers Now: Warner Bros Discovery, Rocket Lab, Steel Dynamics, and More
The S&P 500 and Nasdaq slipped from record highs Tuesday as the Federal Reserve's two-day meeting kicked off. The Dow also edged lower.
Top Stock Movers Now: Warner Bros Discovery, Rocket Lab, Steel Dynamics, and More
Positive
Reuters
2 days ago
Warner Bros Discovery to debut HBO Max in 14 Asia Pacific markets next month
Warner Bros Discovery is set to launch its HBO Max streaming service in 14 new markets across the Asia Pacific on October 15, the media firm said on Tuesday.
Warner Bros Discovery to debut HBO Max in 14 Asia Pacific markets next month
Neutral
Market Watch
2 days ago
Buying WBD's stock ahead of a possible Paramount deal? This analyst is cautious.
There's a good chance Warner Bros. Discovery and Paramount Skydance will be able to strike a merger agreement, according to TD Cowen analyst Doug Creutz.
Buying WBD's stock ahead of a possible Paramount deal? This analyst is cautious.
Negative
Reuters
2 days ago
Disney, Universal, Warner Bros Discovery sue China's MiniMax for copyright infringement
Walt Disney , Comcast's Universal and Warner Bros Discovery have jointly filed a copyright lawsuit against China's MiniMax alleging that its image- and video-generating service Hailuo AI was built from intellectual property stolen from the three major Hollywood studios.
Disney, Universal, Warner Bros Discovery sue China's MiniMax for copyright infringement
Positive
Forbes
2 days ago
Warner Bros. Discovery Stock To $30?
Warner Bros. Discovery (NASDAQ:WBD) has made a significant recovery in 2025, currently trading around $18 following a series of positive earnings surprises, studio successes, and substantial advancements in streaming profitability.
Warner Bros. Discovery Stock To $30?
Positive
FXEmpire
3 days ago
WBD, PSKY and NFLX Forecast – Media Stocks Jump with Merger
Two of the three stocks in this analysis are involved in a merger, driving prices higher. The other is a massive stalwart of passive income, as Netflix continues to be widely held.
WBD, PSKY and NFLX Forecast – Media Stocks Jump with Merger
See News Rankings
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