NASDAQ · Communication Services

WARNER BROS DISCOVERY INC WBD

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks.

Media

Company profile

Business mix

  • It operates through three segments: Streaming, Studios, and Global Linear Networks.
  • The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services.
  • This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets.
  • The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks.

Current key questions

  • Can broadband, mobile, video, and enterprise connectivity demand support subscriber growth, ARPU, and lower churn?
  • How do network investment, fiber capacity, spectrum, competition, regulation, and currency exposure affect free cash flow?
  • Does leverage, asset sales, M&A discipline, or market consolidation improve long-term per-share value?
Holders 3 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE N/A FCF 3.51% Buyback -1.13%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Oakmark / Harris Associates Bill Nygren 1.2% $902.7M 2026-03-31
Sessa Capital 15.9% $877.8M 2026-03-31
Soros Fund Management George Soros 0.3% $30.0M 2026-03-31

Recent trading changes over the last 1 quarters

Net buyers 1 Last 1 13F filing periods
Net reducers 6 Last 1 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $25.9M Estimated from net added shares
Reduction amount $2.0B Estimated from net reduced shares
Net share change / base shares -54.7% -79,703,271 / 145,635,725
Soros Fund Management George Soros 1 filing periods
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 628.4% 13F value change +$25.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 150,000 Last 1 periods +942,610 (+628.4%) Total shares 1,092,610 Value $30.0M
Oakmark / Harris Associates Bill Nygren 1 filing periods
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -58.3% 13F value change -$1.4B
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 78,854,809 Last 1 periods -45,980,770 (-58.3%) Total shares 32,874,039 Value $902.7M
Sachem Head Capital Management Scott Ferguson 1 filing periods
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$230.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 7,995,000 Last 1 periods -7,995,000 (-100.0%) Total shares 0 Value $0
Sessa Capital 1 filing periods
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -29.8% 13F value change -$435.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 45,565,629 Last 1 periods -13,599,824 (-29.8%) Total shares 31,965,805 Value $877.8M
Yacktman Asset Management Stephen Yacktman 1 filing periods
13F 2026-03-31 Filed 2026-05-01
Sold out Shares -100.0% 13F value change -$51.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-01
Base shares 1,782,860 Last 1 periods -1,782,860 (-100.0%) Total shares 0 Value $0
Eminence Capital Ricky Sandler 1 filing periods
13F 2025-12-31 Filed 2026-02-17
Sold out Shares -100.0% 13F value change -$92.8M
Settlement As of 13F 2025-12-31 · Filed 2026-02-17
Base shares 4,750,267 Last 1 periods -4,750,267 (-100.0%) Total shares 0 Value $0
Duquesne Family Office Stanley Druckenmiller 1 filing periods
13F 2025-09-30 Filed 2025-11-14
Sold out Shares -100.0% 13F value change -$74,916
Settlement As of 13F 2025-09-30 · Filed 2025-11-14
Base shares 6,537,160 Last 1 periods -6,537,160 (-100.0%) Total shares 0 Value $0

Recent mentions

No public mentions.