Warner Bros. Discovery (WBD) is a global media and entertainment company that creates and distributes content across various platforms, including film, television, and streaming. It was formed on April 8, 2022, through the merger of WarnerMedia and Discovery, Inc. The company is headquartered in New York City.
David Zaslav serves as the President and Chief Executive Officer of Warner Bros. Discovery. The company's operations are divided into business units, including Warner Bros. film and television studios, HBO, CNN, U.S. Networks, Sports, and Global Streaming & Interactive Entertainment. WBD's portfolio includes various channels and streaming services, such as Discovery Channel, HGTV, CNN, TNT, TBS, and Max.
Recent news indicates that Warner Bros. Discovery has been the subject of acquisition interest from Paramount Skydance, though the WBD board has recommended shareholders reject the offer. As of February 10, 2026, Paramount Skydance has revised its offer, adding a "ticking fee" for each quarter the transaction is delayed beyond December 31, 2026. However, Warner Bros. Discovery's board is still backing a rival bid from Netflix.
Warner Bros. Discovery's stock (WBD) was up +2.17% at $27.80 in the latest close session. The company's upcoming EPS is projected at $0.08, signifying a 140.00% increase compared to the same quarter of the previous year.