Business Description

Warner Bros. Discovery Inc., formed in 2022 through the merger of WarnerMedia and Discovery, is a global media company offering diverse content across film, television, and digital platforms. It generates revenue through content production, licensing, advertising, and subscription streaming services such as HBO Max and Discovery+. Under the leadership of CEO David Zaslav, the company leverages renowned brands like HBO, Warner Bros. Pictures, CNN, and Discovery Channel to maintain a competitive edge. Its forward-looking strategy focuses on expanding international streaming services, optimizing operations, and investing in original, high-quality content.

Everything on Warner Bros. Discovery Inc.

Revenue (FY2025) $37.30B
YoY growth -5.1%
Operating margin 2.0%
Direction Expanding
Gross margin 44.0%
Net margin 2.0%

Earnings Transcripts

View all transcripts ↗

Leadership & board

View leadership ↗
Samuel A. Di Piazza, Jr. — Independent Board Chair View full profile ↗ Richard W. Fisher — Independent Director View full profile ↗ Paul A. Gould — Independent Director View full profile ↗ Debra L. Lee — Independent Director View full profile ↗ Joseph M. Levin — Independent Director View full profile ↗ Anton J. Levy — Independent Director View full profile ↗ Kenneth W. Lowe — Independent Director View full profile ↗ Fazal F. Merchant — Independent Director View full profile ↗ Anthony J. Noto — Independent Director View full profile ↗ Paula A. Price — Independent Director View full profile ↗ Daniel E. Sanchez — Independent Director View full profile ↗ Geoffrey Y. Yang — Independent Director View full profile ↗ David M. Zaslav — President and Chief Executive Officer; Director View full profile ↗ Gunnar Wiedenfels — Chief Financial Officer View full profile ↗ Priya Aiyar — Chief Legal Officer View full profile ↗ Bruce L. Campbell — Chief Revenue and Strategy Officer View full profile ↗ Amy Girdwood — Chief People and Culture Officer View full profile ↗ Lori Locke — Chief Accounting Officer View full profile ↗ Jean-Briac Perrette — CEO and President, Global Streaming and Games View full profile ↗ Gerhard Zeiler — President, International View full profile ↗
Warner Bros. Discovery acquires WarnerMedia (AT&T) — Studios, Networks & Direct-to-Consumer streaming · 2022 View full deal ↗ Warner Bros. Discovery acquires Scripps Networks Interactive, Inc. — U.S. Networks / lifestyle programming · 2018 View full deal ↗ Warner Bros. Discovery acquires SBS Nordic (ProSiebenSat.1 Group) — International Networks · 2013 View full deal ↗ Warner Bros. Discovery acquires Eurosport International (TF1 Group) — International Networks / sports · 2014 View full deal ↗ Warner Bros. Discovery acquires All3Media — Content production · 2014 View full deal ↗ Warner Bros. Discovery acquires The Hub Network (Discovery Family Channel) — U.S. Networks / kids & family · 2014 View full deal ↗ Warner Bros. Discovery acquires Switchover Media — International Networks · 2012 View full deal ↗ Warner Bros. Discovery acquires Play Sports Group — Discovery Sports / digital direct-to-consumer · 2019 View full deal ↗ Warner Bros. Discovery acquires TEN: The Enthusiast Network — US Networks / automotive media View full deal ↗

Share Repurchase Program

Total authorized
$2,000 million (authorized February 2020) upon completion of the existing $1,000 million authorization announced in May 2019
Latest FY repurchased
$0 (none)

Customer Concentration

The Company had one customer that represented more than 10% of content revenue in 2025, which totaled 12%; one customer accounted for 10% of trade receivables as of December 31, 2025, and no individual customer accounted for more than 10% of trade receivables as of December 31, 2024.

Recent SEC Filings

2026-06-12 Shareholder vote results View filing ↗
2026-06-04 Entered a material agreement (+1 more) View filing ↗
2026-05-27 Entered a material agreement (+2 more) View filing ↗
2026-05-19 Other event View filing ↗
2026-05-06 Reported quarterly results (+1 more) View filing ↗
2026-04-30 Leadership change (directors/officers) View filing ↗
2026-04-23 Shareholder vote results View filing ↗
2026-03-16 Leadership change (directors/officers) View filing ↗
2026-02-27 Entered a material agreement (+3 more) View filing ↗
2026-02-26 Reported quarterly results (+1 more) View filing ↗
2026-02-18 Entered a material agreement (+1 more) View filing ↗
2026-01-20 Entered a material agreement (+1 more) View filing ↗

More Companies

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

You're subscribed.

Thanks for signing up.