WBD
Warner Bros. DiscoveryPrevious close
30.95
Change
— / —
P/E (TTM) ?
—
Forward P/E ?
—
Market Cap
$77.4B
1M
0.00%
S&P 500 −0.91% over same period
Volume / Avg Volume
435.6M / 120.9M
3.60× average · Volume on 10-05
Latest earnings analysisFY2026 Q2Reported 2026-08-06
Warner Bros. Discovery Q2 2026: revenue -11%, a slim EPS beat
Warner Bros. Discovery's Q2 2026 was a split-screen quarter: revenue fell 11% to $8.717 billion, yet diluted EPS of $0.06 beat a consensus estimate of -$0.1417 because a $433 million tax benefit and lower costs cushioned the top-line slide. The view is Neutral. Read the segments, not the total.
Read the full analysis →Revenue$8.72BYoY −11.20%
EPS$0.06Beatest. $-0.14
Next-day move+1.44%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-06 | $8.7B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-06 | $8.9B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-26 | $37.3B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-11-06 | $9.0B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-07 | $9.8B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-08 | $9.0B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
A 5-year P/E range needs a longer earnings record; not yet comparable
No buybacks or dividends in the last four quarters
P/E (TTM)
—
P/B
2.4
P/S
2.2
PEG
—
Earnings Reaction
Over the last 6 reports, the stock moved ±2.3% on average on the first trading day after, rising 3 times
Most recent +1.44%
Volatility & Correlation
1-year beta 0.45 · Correlation with S&P 500 0.24Low beta
Annualized volatility 24% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 4 · $14.0MNet selling $14.0M
- 09-14Locke Lori C.Chief Accounting OfficerSell$0.82M29,115 shares · Avg price 28.13
- 09-11FISHER RICHARD WDirectorSell$0.19M6,700 shares · Avg price 28.06
- 09-10LOWE KENNETH WDirectorSell$5.6M200,000 shares · Avg price 28.23
- 09-09Girdwood AmyChief People & Culture OfficerSell$7.3M262,285 shares · Avg price 27.98
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 8.72 | −11.2% | — | 0.15 | 0.06 |
| FY2026 Q1 | 8.89 | −1.0% | — | -2.92 | -1.17 |
| FY2025 Q4 | 9.46 | −5.7% | — | -0.25 | -0.10 |
| FY2025 Q3 | 9.05 | −6.0% | — | -0.15 | -0.06 |
| FY2025 Q2 | 9.81 | +1.0% | — | 1.58 | 0.63 |
| FY2025 Q1 | 8.98 | −9.8% | — | -0.45 | -0.18 |
| FY2024 Q4 | 10.03 | −2.5% | — | -0.49 | -0.20 |
| FY2024 Q3 | 9.62 | −3.6% | — | 0.14 | 0.05 |
| FY2024 Q2 | 9.71 | −6.2% | — | -9.99 | -4.07 |
| FY2024 Q1 | 9.96 | −6.9% | — | -0.97 | -0.40 |
| FY2023 Q4 | 10.28 | −6.6% | — | -0.40 | -0.16 |
| FY2023 Q3 | 9.98 | +1.6% | — | -0.42 | -0.17 |