Discovery, Inc. is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in more than 220 countries and territories and in nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as Eurosport Player, Food Network Kitchen and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery's portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, and the forthcoming multi-platform JV with Chip and Joanna Gaines, Magnolia, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe.

Company profile
Ticker
WBD
Exchange
Website
CEO
David Zaslav
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Discovery Communications, Inc., Discovery, Inc.
SEC CIK
Corporate docs
Subsidiaries
"Zilpzalp" Vermögensverwaltung GmbH • 137 Production Services Inc. • 167g Productions LLC • 17th Floor Productions, LLC • 2601223 Ontario, Inc. • 26th Street Development, LLC • 300 Pictures, Inc. • 3253 Production Services Inc. • 4423 Productions LLC • 7 Friends Pictures Inc. ...
IRS number
352333914
WBD stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
7 Jun 23
8-K
Amendments to Articles of Incorporation or Bylaws
10 May 23
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
Results of Operations and Financial Condition
5 May 23
DEFA14A
Additional proxy soliciting materials
2 May 23
8-K
Other Events
17 Apr 23
EFFECT
Notice of effectiveness
3 Apr 23
424B3
Prospectus supplement
31 Mar 23
ARS
2022 FY
Annual report to shareholders
29 Mar 23
DEFA14A
Additional proxy soliciting materials
29 Mar 23
Transcripts
WBD
Earnings call transcript
2023 Q1
5 May 23
WBD
Earnings call transcript
2022 Q4
23 Feb 23
WBD
Earnings call transcript
2022 Q3
4 Nov 22
WBD
Earnings call transcript
2022 Q2
5 Aug 22
WBD
Earnings call transcript
2022 Q1
26 Apr 22
WBD
Earnings call transcript
2021 Q4
24 Feb 22
WBD
Earnings call transcript
2021 Q3
3 Nov 21
WBD
Earnings call transcript
2021 Q2
3 Aug 21
WBD
Earnings call transcript
2021 Q1
28 Apr 21
WBD
Earnings call transcript
2020 Q4
22 Feb 21
Latest ownership filings
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.64 bn | 2.64 bn | 2.64 bn | 2.64 bn | 2.64 bn | 2.64 bn |
Cash burn (monthly) | 430.33 mm | 127.17 mm | 412.67 mm | 906.17 mm | 210.33 mm | (no burn) |
Cash used (since last report) | 965.60 mm | 285.34 mm | 925.96 mm | 2.03 bn | 471.96 mm | n/a |
Cash remaining | 1.67 bn | 2.35 bn | 1.71 bn | 605.70 mm | 2.17 bn | n/a |
Runway (months of cash) | 3.9 | 18.5 | 4.2 | 0.7 | 10.3 | n/a |
Institutional ownership, Q1 2023
64.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1228 |
Opened positions | 123 |
Closed positions | 180 |
Increased positions | 351 |
Reduced positions | 558 |
13F shares | Current |
---|---|
Total value | 20.54 tn |
Total shares | 1.58 bn |
Total puts | 20.74 mm |
Total calls | 34.65 mm |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 214.62 mm | $3.24 tn |
Advance/newhouse Programming Partnership | 198.18 mm | $0.00 |
BLK Blackrock | 163.40 mm | $2.47 tn |
STT State Street | 109.84 mm | $1.66 tn |
Harris Associates L P | 60.31 mm | $910.72 bn |
Geode Capital Management | 48.39 mm | $729.16 bn |
Newport Trust | 40.73 mm | $615.08 bn |
Baupost | 25.24 mm | $380.99 bn |
NTRS Northern Trust | 22.32 mm | $337.04 bn |
Hotchkis & Wiley Capital Management | 21.90 mm | $330.62 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jun 23 | Lori C. Locke | Series A Common Stock | Payment of exercise | Dispose F | No | No | 11.35 | 842 | 9.56 k | 60,927 |
25 May 23 | Gunnar Wiedenfels | Series A Common Stock | Buy | Acquire P | No | No | 11.219 | 15,000 | 168.29 k | 738,849 |
16 May 23 | Malone John C | Put option (right to sell) Series A Common Stock | Other | Dispose J | No | No | 25.227 | 3,650,000 | 92.08 mm | 0 |
16 May 23 | Malone John C | Call option (obligation to sell) Series A Common Stock | Dispose E | No | No | 35.7943 | 3,650,000 | 130.65 mm | 0 | |
16 May 23 | Malone John C | Put option (right to sell) Series A Common Stock | Buy | Acquire P | No | No | 10.926 | 3,650,000 | 39.88 mm | 3,650,000 |
16 May 23 | Malone John C | Call option (obligation to sell) Series A Common Stock | Sell | Dispose S | No | No | 16.9596 | 3,650,000 | 61.90 mm | 3,650,000 |
15 May 23 | Malone John C | Put Option (obligation to buy) Series A Common Stock | Dispose E | No | No | 10 | 2,000,000 | 20.00 mm | 0 | |
9 May 23 | Li Haslett Chen | Series A Common Stock | Grant | Acquire A | No | No | 0 | 16,345 | 0.00 | 32,451 |
9 May 23 | Steven O Newhouse | Series A Common Stock | Grant | Acquire A | No | No | 0 | 16,345 | 0.00 | 35,030 |
News
'CNN CEO Chris Licht Will Be Leaving The Company, And Long-time Beloved Top Executive Amy Entelis Will Steady The Ship Until Zaz Picks A New Leader' - Puck
7 Jun 23
What 8 Analyst Ratings Have To Say About Warner Bros. Discovery
6 Jun 23
Morgan Stanley Maintains Equal-Weight on Warner Bros. Discovery, Lowers Price Target to $14
6 Jun 23
Benzinga Buzz: 'Top Chef' Host Exits, Tiger King Roars At DeSantis, Adult T-Swift Fans Wear Diapers
3 Jun 23
This Is What Whales Are Betting On Warner Bros. Discovery
2 Jun 23
Press releases
CHRIS LICHT STEPS DOWN AS CHAIRMAN AND CEO OF CNN WORLDWIDE
7 Jun 23
Warner Bros. Discovery Announces Commencement of Cash Tender Offer for up to $500,000,000 Aggregate Principal Amount of Floating Rate Notes due 2024 Issued by WarnerMedia Holdings, Inc.
7 Jun 23
ABCS Insights Announced as Measurement Partner for Warner Bros. Discovery, Focusing on Full Funnel Measurement
16 May 23
WARNER BROS. DISCOVERY ANNOUNCES CONFERENCE PARTICIPATION FOR THE MONTH OF MAY
11 May 23
WARNER BROS. DISCOVERY REPORTS FIRST-QUARTER 2023 RESULTS
5 May 23