Warner Bros. Discovery (WBD) Expected to Announce Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) is expected to issue its Q4 2025 results before the market opens on Thursday, February 26th. Analysts expect Warner Bros. Discovery to post earnings of $0.09 per share and revenue of $9.3288 billion for the quarter. Individuals may review the information on the company’s upcoming Q4 2025 earning report for the latest details on the call scheduled for Thursday, February 26, 2026 at 8:00 AM ET.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $28.92 on Tuesday. The business’s 50-day moving average price is $28.32 and its 200 day moving average price is $22.32. Warner Bros. Discovery has a twelve month low of $7.52 and a twelve month high of $30.00. The company has a market capitalization of $71.66 billion, a PE ratio of 152.22 and a beta of 1.64. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90.

Insiders Place Their Bets

In related news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the sale, the chief accounting officer directly owned 100,962 shares in the company, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 267,116 shares of company stock valued at $7,781,731. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of institutional investors and hedge funds have recently bought and sold shares of WBD. Duquesne Family Office LLC purchased a new stake in shares of Warner Bros. Discovery during the second quarter valued at approximately $74,916,000. Amundi grew its holdings in Warner Bros. Discovery by 59.6% during the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after purchasing an additional 5,798,592 shares in the last quarter. Marshall Wace LLP purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth $100,135,000. Bank of Nova Scotia increased its stake in Warner Bros. Discovery by 1,329.6% during the 4th quarter. Bank of Nova Scotia now owns 4,259,926 shares of the company’s stock worth $122,771,000 after buying an additional 3,961,944 shares during the period. Finally, Man Group plc lifted its holdings in Warner Bros. Discovery by 1,291.0% in the 2nd quarter. Man Group plc now owns 2,897,381 shares of the company’s stock worth $33,204,000 after buying an additional 2,689,091 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research note on Friday, November 7th. Sanford C. Bernstein upped their price target on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. Raymond James Financial boosted their price objective on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, TD Cowen increased their target price on Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.09.

Key Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Paramount Skydance has submitted a higher, sweetened offer for WBD, escalating a bidding contest that typically pushes the target’s share price higher as acquirers top each other. Paramount submits higher offer for Warner Bros Discovery
• Positive Sentiment: Warner posted record streaming audiences for the 2026 Winter Olympics, evidence of improving operating momentum that supports a higher takeout valuation. Warner Bros. Discovery posts record streaming growth for 2026 Winter Olympics
• Neutral Sentiment: Market reports say Paramount may top $31–$32 per share and has been given a short window to submit its best offer; that sets a potential floor for deal negotiations but also keeps uncertainty high. Paramount Skydance Expected to Offer $32 Per Share for WBD
• Neutral Sentiment: Netflix management and outside voices are publicly sparring with critics of the deal (high-profile statements from Ted Sarandos and others); this shapes headlines but hasn’t changed the fundamental bidding dynamics. Netflix’s Ted Sarandos Blasts James Cameron’s Take on WBD Deal Letter
• Negative Sentiment: The U.S. Department of Justice has opened antitrust scrutiny of Netflix’s proposed acquisition of WBD, requesting details from producers and filmmakers — a material regulatory risk that could delay or derail a deal and pressure the stock. DOJ probes Netflix-WBD deal
• Negative Sentiment: Political intervention (President Trump publicly targeting Netflix board members) adds reputational and political uncertainty around a high-profile media takeover, raising headline risk. Trump demands Netflix fire Susan Rice

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.