WBD — Warner Bros Discovery Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates WBD Bullish with a Setup Score of 0, net conviction 24, actionability 0. How the Setup Score works →

Total Setup Score0
Directional BiasBullish
Net Conviction24
Actionability0 (in range)

Key signals behind this score

About Warner Bros Discovery Inc

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$28.75
Market Cap$70.78B
Float2.39B
Shares Outstanding2.51B
P/E (Forward)2,500.00
Price/Sales (TTM)1.96
vs. Analyst Target+3.3% to analyst PT
Profit Margin-8.77%
Operating Margin (TTM)5.11%
Revenue (TTM)$36.12B
Earnings Growth (YoY)-90.60%
Dividend RateNone
Analyst Target Price$29.70 (27 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $10.67B $1.22B $6.81B $6.69B
2021 $12.19B $1.01B $7.57B $7.15B
2022 $33.82B -$7.37B $13.38B $14.17B
2023 $41.32B -$3.13B $16.80B $22.37B
2024 $39.32B -$11.31B $16.35B $11.61B
2025 $37.30B $727M $10.51B $9.42B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $9.04B -$148M
Dec 2025 $9.46B -$252M
Mar 2026 $8.89B -$2.92B
Jun 2026 $8.72B $149M

Ownership & Float

Insider Ownership4.2%
Institutional Ownership79.2%
Short Float3.0%
% of All Funds Holding14.79%
Number of Funds Holding1,301

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$27.08Near-term / short-term trend
Weekly40-Week SMA$27.38Medium-term trend
Weekly80-Week SMA$20.31Cyclical trend (business cycle)
Weekly200-Week SMA$14.50Secular trend (multi-year)
Monthly10-Month SMA$27.18Near-term monthly trend
Monthly20-Month SMA$20.06Medium-term monthly trend
Monthly40-Month SMA$14.96Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$23.90 support 1.27x 7 months ago
$11.30 support 1.77x 10 months ago
$11.00 support 1.95x 12 months ago
$10.00 support 1.54x 13 months ago
$8.70 support 1.17x 14 months ago

Historical Earnings Reactions (85 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.39% -0.04% 45.88% 4.12% -16.53%
1 Day -0.41% -0.39% 42.35% 8.38% -16.53%
1 Week -0.14% -0.08% 49.41% 14.81% -21.74%
2 Weeks -0.31% -0.20% 42.35% 18.95% -23.67%
1 Month 1.29% 0.00% 50.00% 32.99% -27.46%

Next earnings: October 25, 2026 (59 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan4.4%57.1%21
Feb2.7%66.7%21
Mar-1.8%38.1%21
Apr0.9%52.4%21
May-0.4%47.6%21
Jun-0.5%33.3%21
Jul1.9%42.9%21
Aug-1.2%57.1%21
Sep2.4%47.6%21
Oct0.5%42.9%21
Nov4.8%61.9%21
Dec0.6%57.1%21

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.02% 46.2% 997
Tuesday -0.03% 48.2% 1091
Wednesday 0.11% 51.9% 1091
Thursday 0.07% 50.9% 1070
Friday 0.13% 50.6% 1065

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 79.2%

Insider Transactions — Smart Summary

Total insider ownership: 4.2%

12-Month Insider Activity Summary

Total Filings29
Net Value-$308M
Net Shares Change-9,341,024
% of Float-0.4%
C-Suite Filings21
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
Zaslav David Chief Executive Officer & Pres -$113M 2 2 sell
Campbell Bruce Chief Rev & Strategy Officer -$34.8M 1 2 sell
Zeiler Gerhard President, International -$27.7M 2 2 sell
Wiedenfels Gunnar Chief Financial Officer -$24.9M 1 1 sell
Perrette Jean-Briac Pres.&CEO, Global Streaming -$18.1M 1 1 sell
LOWE KENNETH W -$3.2M 1 1 sell
Merchant Fazal F -$2.0M 1 1 sell
FISHER RICHARD W -$549,200 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-03-05 – 2026-03-18 12 10 -$240M 9 C-suite
2026-08-12 – 2026-08-14 7 6 -$36.5M 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-12 Zeiler Gerhard President, International -$10.2M Transaction at $19.39, now +48.3%
2026-08-14 Merchant Fazal F -$2.0M Transaction at $27.75, now +3.6%
2026-08-12 LOWE KENNETH W -$3.2M Transaction at $26.97, now +6.6%
2026-08-14 FISHER RICHARD W -$549,200 Transaction at $27.46, now +4.7%
2026-08-12 Zaslav David Chief Executive Officer & Pres -$1,155.15 Transaction at $7.55, now +280.8%
2026-03-05 Campbell Bruce Chief Rev & Strategy Officer -$34.8M Transaction at $24.97, now +15.1%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Warner Bros Discovery Inc (WBD) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for WBD on Trend Edge →