Warner Bros. Discovery, Inc. Series A (WBD)

In the past six months, WBD's stock price has seen an increase of 8.52% and 5.4%. As of June 30, 2025, the share price was $11.46, representing a 61.48% increase from July 1, 2024, when it was $7.10. Warner Bros. Discovery shares increased by 1% after "F1 The Movie" earned $57 million in the U.S. and $146.3 million worldwide. The company's $14.3 billion bonds will not be added to the ICE BofA High Yield Index until at least August due to a criteria reevaluation and a recent downgrade. Warner Bros. Discovery announced the pricing terms and early participation results of previously announced cash tender offers in late June 2025. The company is scheduled to report its Second Quarter 2025 results on Thursday, August 7, 2025. Year-to-date, WBD shares have lost 5%, underperforming the Zacks Consumer Discretionary sector and entertainment peers. The lingering effects of the writers/actors strike and volatility at its gaming studio have contributed to inconsistent studio segment results and a decline in total company revenue in the first half of 2024. The Global Linear Networks segment continues to face challenges, with revenues declining due to cord-cutting pressures and domestic advertising issues.

While specific detailed demand seasonality for all products and services is not explicitly stated, the company's operations suggest some variability. The studios business can experience "lumpy" revenue, with higher content release and monetization periods expected in 2025 and 2026. Food Network's successful holiday lineups suggest increased viewership and demand during specific festive periods. Live sports telecasts contribute to ratings growth, implying demand spikes during their respective seasons. The writers/actors strike in May and July 2023 impacted the studio business, highlighting how external events can influence content production and demand. The global rollout of Max has led to strong subscriber growth, with planned launches in key markets, suggesting a strategic approach to capitalize on market demand.

Warner Bros. Discovery, Inc. (WBD) is a leading global media and entertainment company that creates and distributes a diverse portfolio of content and brands across television, film, and streaming. The company operates within the Communication Services sector, specifically in the Entertainment and Media - Diversified industries. WBD's business activities encompass the production and distribution of movies, television shows, and various digital content. Its major products and brands include streaming services like Max and discovery+, television networks such as Discovery Channel and CNN, film and television production groups like Warner Bros. Motion Picture Group, key franchises and intellectual property like Harry Potter and DC Universe, gaming through Warner Bros. Interactive Entertainment, and sports content like TNT Sports.

Warner Bros. Discovery has a significant global presence, with its content and brands available in more than 220 countries and territories and 50 languages. Its streaming services, such as Max, are available in over 70 countries. The company's global distribution network delivers content through multiple platforms, including linear TV, streaming, and digital channels.

Warner Bros. Discovery has focused on strategic adjustments to enhance its brand reputation, particularly within its streaming services. The company announced in May 2025 that its flagship streaming service, Max, will be rebranded back to HBO Max in the summer of 2025 to emphasize quality and distinctiveness in content. WBD's streaming business has shown significant improvement, adding 22 million subscribers in the past year and improving profitability by nearly $3 billion over two years. WBD is actively leveraging its vast intellectual property (IP) for custom advertising campaigns across its platforms. In 2023, WBD's US Networks delivered 20 of the 25 highest-rated freshman series among all cable portfolios, with networks like TNT, Investigation Discovery, and Adult Swim showing significant year-over-year ratings growth.

Warner Bros. Discovery is primarily owned by institutional shareholders (66.13%), followed by Warner Bros. Discovery insiders (30.58%), and retail investors (3.29%). Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Steven O. Newhouse is the largest individual shareholder, owning 16.02% of the company's shares, and John Malone also owns a significant number of shares.