Also trades as: DISCA (NASDAQ) · $vol 292M · DISCK (NASDAQ) · $vol 130M · DISCB (NASDAQ) · $vol 0M · 0IBD.L (LSE)
WBD NASDAQ
Warner Bros. Discovery, Inc.
1W: +0.2%
1M: +9.1%
3M: +18.5%
YTD: +8.6%
1Y: +60.9%
3Y: +189.5%
5Y: +18.4%
$30.95
Last traded 2026-10-05 — delisted
Credit Risk of going bust: lower than 72% of companies Debt: 29.2% of company value Bonds: $1.19B held by 608 funds, 337 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.72 (down 98%), Warner Bros. Discovery, Inc. would be worth roughly what it owes.
Total debt $32.02B against a stock market value of $77.72B.
Distance to default 7.91 (Merton model): prices to 2026-10-05, balance sheet 2026-06-30, debt counted $16.76B (short-term plus half of long-term), stock volatility 26.5%; Altman Z'' -0.28. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.72 (down 98%), Warner Bros. Discovery, Inc. would be worth roughly what it owes.
Total debt $32.02B against a stock market value of $77.72B.
Distance to default 7.91 (Merton model): prices to 2026-10-05, balance sheet 2026-06-30, debt counted $16.76B (short-term plus half of long-term), stock volatility 26.5%; Altman Z'' -0.28. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$100.1B
-4.3% ▼
5Y CAGR: +24.0%
Total Liabilities
$62.9B
-9.6% ▼
5Y CAGR: +23.7%
Shareholders Equity
$35.9B
+5.5% ▲
5Y CAGR: +28.0%
Cash & Investments
$4.6B
-14.0% ▼
5Y CAGR: +16.9%
Total Debt
$32.6B
-17.6% ▼
5Y CAGR: +16.2%
Net Debt
$28.0B
-18.1% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $3.9B | $3.7B | $3.8B | $5.3B | $4.6B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $3.9B | $3.7B | $3.8B | $5.3B | $4.6B |
| Net Receivables | $2.4B | $7.6B | $7.3B | $5.9B | $5.3B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $245M | $2.1B | $2.3B | $2.1B | $3.3B |
| Total Current Assets | $7.3B | $14.0B | $14.2B | $14.1B | $13.2B |
| Property, Plant & Equip. | $1.3B | $5.3B | $6.0B | $6.1B | $6.7B |
| Goodwill & Intangibles | $23.1B | $106.1B | $94.5B | $77.1B | $53.7B |
| Long-Term Investments | $543M | $0 | $0 | $0 | $0 |
| Other Non-Current Assets | $2.2B | $8.6B | $8.1B | $7.3B | $26.5B |
| Total Non-Current Assets | $27.2B | $120.0B | $108.5B | $90.5B | $86.9B |
| Total Assets | $34.4B | $134.0B | $122.8B | $104.6B | $100.1B |
| — Liabilities — | |||||
| Accounts Payable | $412M | $1.5B | $1.3B | $1.1B | $1.1B |
| Short-Term Debt | $339M | $365M | $1.8B | $2.7B | $139M |
| Deferred Revenue | $478M | $1.7B | $1.9B | $1.6B | $1.6B |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $9.6B |
| Total Current Liabilities | $3.5B | $15.0B | $15.3B | $15.8B | $12.5B |
| Long-Term Debt | $14.4B | $48.6B | $41.9B | $36.8B | $32.4B |
| Other Non-Current Liab. | $1.9B | $10.7B | $10.3B | $10.1B | $11.6B |
| Total Non-Current Liabilities | $17.6B | $70.3B | $61.0B | $53.8B | $50.4B |
| Total Liabilities | $21.0B | $85.3B | $76.3B | $69.6B | $62.9B |
| — Equity — | |||||
| Common Stock | $7M | $27M | $27M | $27M | $27M |
| Retained Earnings | $9.6B | $2.2B | -$928M | -$12.2B | -$11.5B |
| Accumulated OCI | -$830M | -$1.5B | -$741M | -$1.1B | -$407M |
| Total Stockholders Equity | $11.6B | $47.1B | $45.2B | $34.0B | $35.9B |
| Total Liabilities & Equity | $34.4B | $134.0B | $122.8B | $104.6B | $100.1B |
| — Key Metrics — | |||||
| Total Debt | $14.8B | $49.0B | $43.7B | $39.5B | $32.6B |
| Net Debt | $10.9B | $45.3B | $39.9B | $34.2B | $28.0B |
| Total Investments | $543M | $0 | $0 | $0 | $0 |