Warner Bros. Discovery Inc. (NASDAQ: WBD)
Entertainment · New York, NY, United States · Founded 2022
- Market capitalization: $20.0 billion
- Annual revenue: $10.55 billion
- Net income: $0.73 billion
- Employees: 40,000
- Sector: Communication Services
- Headquarters: New York, United States
- Founded: 2022
Source: Statvoo company profile for Warner Bros. Discovery Inc.. Browse all 500+ companies
Warner Bros. Discovery was formed from the 2022 merger of WarnerMedia (spun off from AT&T) and Discovery. The company owns Warner Bros. film and TV studios, HBO/Max streaming, CNN, Discovery Channel, HGTV, Food Network, TLC, TNT, TBS, and the DC Comics universe (Batman, Superman, Wonder Woman). CEO David Zaslav has been aggressively cutting costs and restructuring the debt-laden company.
Advertising revenue from linear TV networks, streaming subscriptions (Max), content licensing, theatrical film releases, and studio production. The company carries over $40 billion in debt from the merger. Max (formerly HBO Max) has over 100 million global subscribers. Linear TV advertising is in structural decline, making the streaming transition critical. Annual revenue exceeds $41 billion.
Warner Bros. was founded in 1923 by the four Warner brothers. HBO launched in 1972. Discovery was founded by John Hendricks in 1985. AT&T acquired Time Warner for $85 billion in 2018, then spun off WarnerMedia and merged it with Discovery in 2022. Zaslav has written off over $3 billion in content, cancelled completed films, and cut thousands of jobs. The company's stock has declined over 70% since the merger.
| Market Capitalization | $20.0B |
| Annual Revenue | $10.55B |
| Net Income | $0.73B |
| Profit Margin | 7% |
| Revenue per Employee | $263750K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | WBD |
Financial data is approximate and based on most recent annual filings.
Zaslav shelved the nearly completed "Batgirl" film for a tax write-off u2014 a move that shocked Hollywood. HBO's content quality (Succession, The Last of Us, House of the Dragon) is arguably the best in streaming. The merger created a company with more debt than many countries' GDP. CNN's ratings have declined significantly in recent years.
Warner Bros. Discovery has world-class content (HBO) trapped inside a debt-laden, structurally challenged media conglomerate u2014 the stock is cheap, but the path to deleveraging while investing in streaming is brutally narrow.
What is Warner Bros. Discovery Inc.'s revenue?
Warner Bros. Discovery Inc. generates approximately $10.55 billion in annual revenue.
How many employees does Warner Bros. Discovery Inc. have?
Warner Bros. Discovery Inc. employs approximately 40,000 people worldwide.
What is Warner Bros. Discovery Inc.'s market cap?
Warner Bros. Discovery Inc. (WBD) has a market capitalization of approximately $20.0 billion on the NASDAQ.
When was Warner Bros. Discovery Inc. founded?
Warner Bros. Discovery Inc. was founded in 2022 and is headquartered in New York, NY, United States.
Who is the CEO of Warner Bros. Discovery Inc.?
David Zaslav is the current CEO of Warner Bros. Discovery Inc..
What is Warner Bros. Discovery Inc.'s website?
Warner Bros. Discovery Inc.'s official website is wbd.com.
| CEO | David Zaslav |
| Sector | Communication Services |
| Industry | Entertainment |
| Founded | 2022 |
| HQ | New York, NY |
| Country | United States |
| Website | wbd.com |
See traffic, security, and technical data for Warner Bros. Discovery Inc.'s website:
📊 wbd.com stats 📋 WHOIS 🌐 DNS 🔒 SSL