Discovery and buses in Silver Spring
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WBD

Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. is classed by the SEC under Cable & Other Pay Television Services (industry code 4841), based in New York, NY. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $37 billion and a profit of $727 million (its filed statements).

Subscription business Cable & Other Pay Television Services New York, NY filings since 2008 9 of 9 filed

Sector peers: CHTRCMCSAOPTULBTYA

4.4/10headline grade
vs its business-model standard

Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 4841, Cable & Other Pay Television Services); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.

The grade, in three tenses

Headline 4.4 out of ten, 9 of 9 metrics filed: past 3.3 out of ten, present 5.5 out of ten, future 4.1 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

  • Surviving crises (past): 2.5 out of ten. 2 warning events since 2017; the latest 2026-10-06. 25th percentile among 18 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Track record (past): 5.5 out of ten. +21.4% a year over 10 filed years; profitable in 6 of 10. 55th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Shareholder treatment (past): 0.8 out of ten. Share count grew 9.3% a year. 0% of cash flow returned. Insiders: 56 sales, 0 purchases. 8th percentile among 13 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Financial health (present): 4.5 out of ten. ROE 2%: 2¢ of profit per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar. 45th percentile among 18 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Industry position (present): 7.1 out of ten. top 29% of 18 in its family; net margin 1.9%. 71st percentile among 18 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Leadership (present): 5.0 out of ten. bottom 50% of 14 in its family for leadership; chief executive since 2008. 50th percentile among 14 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
  • Room to expand (future): 5.2 out of ten. top 48% of 16 in its family for room to expand. 52nd percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Growth drivers (future): 2.9 out of ten. bottom 29% of 16 in its family for growth drivers. 29th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Expectations vs reality (future): 4.9 out of ten. bottom 49% of 16 in its family for expectations against reality. 49th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-02-27 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-06 (on EDGAR). Newest filing: Form 4, 2026-10-08. Filings on record since 2008. Read from EDGAR 2026-10-12.

Where the revenue comes from

Product and service lines in fiscal 2025: Distribution Revenue 52%, Product and Service Content 26%, Advertising 20%, Service Other 3%. By geography: United States 67%, Non-U.S. 33%. As tagged in its annual report (Form 10-K, filed 2026-02-27).

Who runs it

Perrette, Jean-Briac (Pres.&CEO, Global Streaming); Zaslav, David (Chief Executive Officer & Pres); Zeiler, Gerhard (President, International); Wiedenfels, Gunnar (Chief Financial Officer); Aiyar, Priya (Chief Legal Officer); Campbell, Bruce (Chief Rev & Strategy Officer); Girdwood, Amy (Chief People & Culture Officer); Locke, Lori C. (Chief Accounting Officer); Fisher, Richard W (director); Gould, Paul A (director); and 10 more. 20 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-08.

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