Warner Bros Discovery, INC

Market Movers (8-K)

NASDAQ
Warner Bros. Discovery shareholders re-elected the board but rejected the 2025 executive compensation proposal.
NASDAQ
Warner Bros. Discovery's subsidiary, Discovery Global Holdings, Inc., has entered into a new First Lien Credit Agreement, securing $13,000 million USD and €1,717 million in term loans to repay existing bridge loans.
NASDAQ
Warner Bros. Discovery's subsidiaries have successfully amended indentures governing various senior notes, impacting exchange offer deadlines and terms related to a potential acquisition.
NASDAQ
Warner Bros. Discovery subsidiaries have begun soliciting consents from noteholders for proposed amendments to indentures, linked to the Paramount Skydance acquisition.
NASDAQ
Warner Bros. Discovery reports Q1 2026 results with mixed revenue trends, a significant net loss driven by one-time fees, and progress on its merger with Paramount.
NASDAQ
Warner Bros. Discovery, Inc. has entered into a new employment agreement with its Chief Financial Officer, Gunnar Wiedenfels, extending his tenure through April 2028.

Quarterly Earnings (10-Q)

NASDAQ
Warner Bros. Discovery reports a $2.9 billion net loss for Q1 2026, driven primarily by a $2.8 billion Netflix termination fee.
Worse than expected
NASDAQ
Warner Bros. Discovery reports a net loss in Q3 2025, with declining linear and advertising revenues, but strong theatrical performance and streaming subscriber growth, as the company evaluates strategic options for its planned separation.
Worse than expected
Delay expected
NASDAQ
Warner Bros. Discovery reported a significant swing to net income in Q2 2025, driven by a substantial gain from debt extinguishment, while confirming plans to separate into two publicly traded companies by mid-2026.
Delay expected
Better than expected
Capital raise
NASDAQ
Warner Bros. Discovery's Q1 2025 results show a net loss, with streaming growth partially offsetting declines in linear networks and content revenue.
Worse than expected
NASDAQ
Warner Bros. Discovery's Q3 results show a net income of $135 million, but a year-to-date loss of $10.8 billion, impacted by a significant goodwill impairment charge and ongoing industry challenges.
Worse than expected
NASDAQ
Warner Bros. Discovery reported a substantial net loss for the second quarter of 2024, primarily driven by a $9.1 billion goodwill impairment charge in its Networks segment.
Worse than expected

Annual Reports (10-K)

NASDAQ
Warner Bros. Discovery reported a significant turnaround in net income for 2025, driven by streaming growth and debt reduction, while announcing a definitive merger agreement with Paramount Skydance Corporation.
Better than expected
Delay expected
Capital raise
NASDAQ
Warner Bros. Discovery's 2024 10-K filing reveals a year of strategic shifts, including a corporate reorganization and significant financial impacts from industry trends and restructuring initiatives.
Worse than expected
Delay expected
NASDAQ
Warner Bros. Discovery details its incentive compensation program for eligible employees and supplemental benefits for executives.

Insider Trading (Form 4)

NASDAQ
David Zaslav, Chief Executive Officer & Pres and a Director of Warner Bros. Discovery, Inc., sold 2,184,782 shares of common stock on July 13, 2026 for $27.22 per share.
NASDAQ
Director Anthony Noto acquired 1,079 shares of Warner Bros. Discovery, Inc. common stock on June 30, 2026, as part of his compensation for services.
NASDAQ
CEO David Zaslav disposed of 202,881 shares of Warner Bros. Discovery common stock to cover tax obligations.
NASDAQ
Warner Bros. Discovery Director Joseph Levin acquired 9,067 shares of Series A Common Stock as part of a compensation grant.
NASDAQ
Director Geoffrey Y. Yang acquired 9,067 shares of Warner Bros. Discovery, Inc. Series A Common Stock on June 9, 2026.
NASDAQ
Warner Bros. Discovery director Daniel E. Sanchez acquired 9,067 shares of Series A Common Stock on June 9, 2026.

Proxy Statements (Def-14A)

NASDAQ
Warner Bros. Discovery's 2026 Proxy Statement details director elections, executive compensation, and strategic decisions, including the proposed acquisition by Paramount Skydance.
NASDAQ
Warner Bros. Discovery's Board of Directors has determined Paramount Skydance's revised $31.00 per share proposal constitutes a 'Company Superior Proposal' over its existing Netflix merger agreement.
Capital raise
Better than expected
NASDAQ
Warner Bros. Discovery's Board of Directors has determined a revised proposal from Paramount Skydance could lead to a superior acquisition offer, while the Netflix merger agreement remains in place.
Better than expected
Capital raise
NASDAQ
Warner Bros. Discovery confirms receipt of a revised acquisition proposal from Paramount Skydance, while the Netflix merger agreement remains in effect.
Capital raise
NASDAQ
Netflix and Warner Bros. Discovery have revised their merger agreement to an all-cash transaction of $27.75 per share, aiming for an expedited stockholder vote by April 2026.
Better than expected
Capital raise
NASDAQ
Warner Bros. Discovery will hold its annual meeting on June 2, 2025, featuring votes on director elections, auditor ratification, executive compensation, and corporate governance matters.

Schedule 13D - Activist Investments

NASDAQ
Warner Bros. Discovery and Dplay Entertainment have submitted a non-binding proposal to acquire all outstanding shares of Anghami Inc. for $3.39 per share.
Capital raise
NASDAQ
Warner Bros. Discovery and Dplay Entertainment significantly increased their beneficial ownership in Anghami Inc to 71.3% following the conversion of $55 million in notes and accrued interest.
NASDAQ
Warner Bros. Discovery, through its subsidiary Dplay Entertainment Limited, has significantly increased its beneficial ownership in Anghami Inc. to 70.8% via a multi-tranche acquisition of shares in OSN Streaming Limited and conversion of notes and warrants, signaling a long-term strategic partnership.
Capital raise
Delay expected
NASDAQ
A/NPP Diversified Holdings LLC and Advance/Newhouse Partnership have sold 100 million shares of Warner Bros. Discovery Series A Common Stock for $10.97 per share, reducing their collective beneficial ownership to below 5%.
NASDAQ
Warner Bros. Discovery, Inc. and Discovery Lightning Investments Ltd. have filed an Amendment No. 7 to Schedule 13D, confirming the sale of their remaining stake in Starz Entertainment Corp. and marking their exit as beneficial owners.
NASDAQ
Warner Bros. Discovery, Inc. and Discovery Lightning Investments Ltd. have updated their beneficial ownership in Starz Entertainment Corp. following the completion of the separation of Lionsgate's studio and Starz businesses, detailing their 2.1% stake and new governance agreements.

Schedule 13G - Passive Investments

NASDAQ
Vanguard Capital Management has reported beneficial ownership of 181,104,955 shares, representing 7.22% of Warner Bros. Discovery's common stock as of March 31, 2026.
NASDAQ
The Vanguard Group has reported a 0% beneficial ownership in Warner Bros Discovery Inc. following an internal realignment that disaggregated its holdings.
NASDAQ
State Street Corporation has reported a 5.3% beneficial ownership stake in Warner Bros Discovery Inc., holding over 131 million shares as of December 31, 2025.
NASDAQ
The Vanguard Group has reported an 11.35% beneficial ownership stake in Warner Bros Discovery Inc., holding 281.2 million shares as of September 30, 2025.
NASDAQ
State Street Corporation has filed a Schedule 13G, revealing a passive beneficial ownership of 6.9% of Warner Bros. Discovery Inc.'s common stock as of March 31, 2025.