WBD
Warner Bros. Discovery, Inc.Communication Services · $77.6B market cap
Verdict
Share price
$30.94
close of Oct 3, 2026
Fair value
$10.96
Sticker Price
Payback Price
$4.38
buy price
WBD is Overpriced: at $30.94 it trades 182% above its fair value of $10.96. Its buy price (Payback Price) is $4.38, 86% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow Growth. Free cash flow is growing faster than reported earnings, so we project free cash flow 10 years ahead instead.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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4 of the investors we track hold WBD. In Q2 2026, 1 opened a position, 1 added and 1 trimmed. Who we track
Insider activity
Since Aug 22, 2024: no open-market purchases, 19 sales worth $141.1M and 10 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Locke Lori C.
Chief Accounting Officer · 2026-09-14
Sold
$819K
LOWE KENNETH W
director · 2026-09-10
Sold
$5.6M
Girdwood Amy
Chief People & Culture Officer · 2026-09-09
Sold
$7.3M
LOWE KENNETH W
director · 2026-09-03
Sold
$5.7M
LEVY ANTON J
director · 2026-09-03
Sold
$9.7M
Show all 19 salesShow fewer
Perrette Jean-Briac
Pres.&CEO, Global Streaming · 2026-08-27
Sold
$3.7M
Zaslav David
Chief Executive Officer & Pres · 2026-08-14
Sold
$5.5M
Merchant Fazal F
director · 2026-08-13
Sold
$2.0M
Zaslav David
Chief Executive Officer & Pres · 2026-08-13
Sold
$19.0M
Zaslav David
Chief Executive Officer & Pres · 2026-08-13
Sold
$2.7M
FISHER RICHARD W
director · 2026-08-12
Sold
$549K
LOWE KENNETH W
director · 2026-08-11
Sold
$3.2M
Zeiler Gerhard
President, International · 2026-08-10
Sold
$2.5M
Zeiler Gerhard
President, International · 2026-08-10
Sold
$5.3M
Zeiler Gerhard
President, International · 2026-08-10
Sold
$5.5M
Zeiler Gerhard
President, International · 2026-08-10
Sold
$2.7M
Zaslav David
Chief Executive Officer & Pres · 2026-07-13
Sold
$2.6M
Zaslav David
Chief Executive Officer & Pres · 2026-07-13
Sold
$56.9M
Zaslav David
Chief Executive Officer & Pres · 2024-08-22
Sold
$1K
Other filings
Wiedenfels Gunnar
Chief Financial Officer · 2026-08-17
Award
71,455 shares
Zaslav David
Chief Executive Officer & Pres · 2026-08-14
Option exercise
$2.0M
Zaslav David
Chief Executive Officer & Pres · 2026-08-13
Option exercise
$6.9M
Di Piazza Samuel A Jr.
director · 2026-08-11
I-Discretionary
$2.2M
Zeiler Gerhard
President, International · 2026-08-10
Option exercise
$1.0M
Show all 10 other filingsShow fewer
Zeiler Gerhard
President, International · 2026-08-10
Option exercise
$1.7M
Zeiler Gerhard
President, International · 2026-08-10
Option exercise
$3.0M
Zaslav David
Chief Executive Officer & Pres · 2026-07-13
Option exercise
$21.2M
Noto Anthony
director · 2026-06-30
Award
1,079 shares
Zaslav David
Chief Executive Officer & Pres · 2026-06-12
Tax withholding
$5.5M
About Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external…
Entertainment
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works