Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
WBD · Nasdaq · Telecom & media
Fundamental quality
48
out of 100
Warner Bros. Discovery, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (24.8% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 48 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (net margin -8.8%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Warner Bros. Discovery is an entertainment empire in mid-reinvention: the studio of Harry Potter and DC, the HBO of Game of Thrones, CNN and a declining bundle of cable channels. Its stock-market story is a single question: is it worth more split in two than together and indebted?
Revenue growth: 24.8%
Net margin: -8.8% · ROE: -9.6%
Net debt/EBITDA: 7.93x · FCF: 6%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.
Percentile against the other 12 Telecom & media companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 10,671 | 1,219 | 2,337 | 13,313 |
| 2021 | 12,191 | 1,006 | 2,425 | 10,854 |
| 2022 | 33,817 | -7,371 | 3,317 | 45,633 |
| 2023 | 41,321 | -3,126 | 6,161 | 41,669 |
| 2024 | 39,321 | -11,311 | 4,427 | 36,941 |
| 2025 | 37,296 | 727 | 3,088 | 28,140 |
Between 2020 and 2025, revenue went from $10,671M to $37,296M (+250%) and net income went from $1,219M to $727M (-40%). Meanwhile, its margins have narrowed (from 11% to 2%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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Is Warner Bros. Discovery, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Warner Bros. Discovery, Inc. a good company to invest in?
In terms of business quality, Warner Bros. Discovery, Inc. scores 48 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Warner Bros. Discovery, Inc. a profitable company?
Over the last twelve months, no: Warner Bros. Discovery, Inc. posts a negative net margin (-8.8%).
Does Warner Bros. Discovery, Inc. have a lot of debt?
Yes, its leverage is high: net debt is 7.93 times its EBITDA, and it has been rising.
Is Warner Bros. Discovery, Inc. growing?
Its revenue has grown 24.8% annualized in recent years.
Does Warner Bros. Discovery, Inc. generate cash?
Yes. It converts about 6% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Warner Bros. Discovery, Inc.'s filings on EDGAR
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