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Warner Bros. Discovery, Inc.

WBDDelisted Oct 6, 2026
Exchange
Nasdaq
Industry
Cable & Other Pay Television Services
SEC CIK
0001437107

Warner Bros. Discovery, Inc. was delisted on Oct 6, 2026; its insiders filed their last Form 4 on Oct 8, 2026; 1,322 institutions reported holding it in 13F filings for Q2 2026, worth $51.9B in total; 5 superinvestors held it, including Third Point and Harris Associates (Oakmark).

Key figures

Market cap
–
Not available
Insider buys
0
Open market, last 90 days
Insider sells
13
Last 90 days, $81.9M in total
13F holders
1,322
Q2 2026, +17 vs. previous quarter
13F value
$51.9B
Reported value at the end of Q2 2026
Superinvestors holding
5
At the end of Q2 2026

Financials

See financial statements

From SEC filings, in USD.

Revenue, FY2025
$37.3B
−5.1% year over year
Net income, FY2025
$727.0M
No comparable prior period
Free cash flow, FY2025
$3.09B
−30.2% year over year
Revenue, Q2 FY2026
$8.72B
−11.2% year over year

Revenue flow, FY2025

Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.

Short interest

See short data

From FINRA, settlement date Sep 30, 2026.

Short interest
57.8M
Shares sold short
Change
−1.53M
−2.6% vs. previous
Days to cover
1.00
At average daily volume

Superinvestors holding WBD, Q2 2026

Go to the superinvestors tab

5 superinvestors report holding Warner Bros. Discovery, Inc. on Form 13F. Percentages are the stock's share of each portfolio.

Third Point

Daniel Loeb

11.5%

Warner Bros. Discovery, Inc.'s share of the portfolio

Shares
20,000,000
Value
$533.2M

Harris Associates (Oakmark)

Bill Nygren

0.2%

Warner Bros. Discovery, Inc.'s share of the portfolio

Shares
4,803,194
Value
$128.1M
Other superinvestors holding WBD (part 1)
SuperinvestorWeightValue
Greenlight Capital1.5%$59.9M
Soros Fund Management0.5%$39.7M
Fairfax Financial0.1%$2.18M

Latest insider trades

See all insider trades

Open-market purchases and sales by Warner Bros. Discovery, Inc. insiders from Form 4, newest first.

Insider trades
Filed (ET)Trade dateFiling delayInsiderTransactionSharesAvg priceValueHolding changeFlags
Sep 16, 2026 (view filing)6:20 AM ETSep 142 daysLocke Lori C.Chief Accounting OfficerSSaleSeries A Common Stock−29.1K$28.13−$819.0K−25.1%86.9K after
Sep 14, 2026 (view filing)4:27 PM ETSep 113 daysFisher Richard WDirectorSSaleSeries A Common Stock−6.70K$28.06−$188.0K−11.3%52.8K after
Sep 11, 2026 (view filing)8:35 PM ETSep 101 dayLowe Kenneth WDirectorSSaleSeries A Common Stock−200.0K$28.23−$5.65M−25.3%590.1K after
Sep 10, 2026 (view filing)4:58 PM ETSep 91 dayGirdwood AmyChief People & Culture OfficerSSaleSeries A Common Stock−262.3K$27.98−$7.34M−32.7%539.4K after
Sep 8, 2026 (view filing)4:59 PM ETSep 35 daysLevy Anton JDirectorSSaleSeries A Common Stock−340.0K$28.39−$9.65M−35.5%618.1K after
Sep 4, 2026 (view filing)6:46 PM ETSep 31 dayLowe Kenneth WDirectorSSaleSeries A Common Stock−200.0K$28.35−$5.67M−20.2%790.1K after
Aug 31, 2026 (view filing)4:59 PM ETAug 274 daysPerrette Jean-BriacPres.&CEO, Global StreamingSSaleSeries A Common Stock−126.7K$28.96−$3.67M−10.8%1.05M after
Aug 14, 2026 (view filing)9:37 PM ETAug 13-141 dayZaslav DavidChief Executive Officer & PresSSaleSeries A Common Stock−968.2K$28.01−$27.1M−12.5%6.81M after3 lots10b5-1
Aug 14, 2026 (view filing)4:53 PM ETAug 131 dayMerchant Fazal FDirectorSSaleSeries A Common Stock−71.5K$27.75−$1.99M−68.4%33.1K after
Aug 14, 2026 (view filing)4:51 PM ETAug 122 daysFisher Richard WDirectorSSaleSeries A Common Stock−20.0K$27.46−$549.2K−25.1%59.5K after

Top 10 13F holders, Q2 2026

See all 1,322 holders

The largest institutional positions in Warner Bros. Discovery, Inc. at the end of Q2 2026; share changes are against Q1 2026.

Institutions holding WBD in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.198,085,828$5.28B0.08%+3,281,613+1.7%Added
Vanguard Capital Management LLC158,635,529$4.23B0.09%+1,726,939+1.1%Added
State Street Corp128,364,674$3.42B0.10%+934,964+0.7%Added
Vanguard Portfolio Management LLC105,102,281$2.80B0.13%+1,704,640+1.6%Added
Invesco Ltd.80,086,951$2.14B0.17%+2,487,790+3.2%Added
Geode Capital Management, LLC69,897,377$1.86B0.10%−42,146−0.1%Reduced
Millennium Management LLC57,657,575$1.54B1.04%+13,718,183+31.2%Added
Pentwater Capital Management LP47,576,000$1.27B10.13%−2,669,000−5.3%Reduced
FMR LLC45,257,749$1.21B0.05%+12,787,176+39.4%Added
Citadel Advisors LLC44,587,810$1.19B0.68%+15,207,100+51.8%Added

Holders of 5% or more of WBD

See all 2 holders and filings

Holders whose latest Schedule 13D or 13G filing reports 5% or more of Warner Bros. Discovery, Inc..

Largest holders of WBD from 13D and 13G filings
HolderLatest formStakeChangeFirst filedLatest filingFiling
Vanguard Capital Management LLC13G7.22%181.1M sharesNewApr 30, 20261 filingApr 30, 2026SEC
State Street Corp13G5.30%131.1M shares−1.60 ppfrom 6.90%Feb 16, 20215 filingsFeb 9, 2026SEC

Politician trades

All politician trades in WBD

21 members of Congress reported 43 trades in Warner Bros. Discovery, Inc. since 2020. Newest filings:

  1. Nancy Pelosi

    House · CA · Nov 6, 2026

    Sell$50K-$100K

  2. Alan Armstrong

    Senate · OK · Jul 21, 2026

    Buy$1K-$15K

  3. August Pfluger

    House · TX · Mar 19, 2026

    Sell$1K-$15K

  4. Gilbert Ray Cisneros, Jr.

    House · CA · Mar 9, 2026

    Sell (partial)$1K-$15K

  5. Gilbert Ray Cisneros, Jr.

    House · CA · Feb 13, 2026

    Buy$1K-$15K