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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34 relationships27
As Filer
counterparties named
7
As Counterparty
mentioned by others
4
Rel. Types
2022-04-11
Earliest Filing
2026-03-02
Latest Filing
partner: 14
investor: 6
acquirer: 5
target: 2
Counterparties (Filed by WBD)
27 relationshipsCompanies named in WBD's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| New Topco 25, Inc. | — | partner | Wholly owned subsidiary of Warner Bros. Discovery, Inc. party to the terminated Netflix Merger Agreement. | 2026-02-27 | View |
| RedBird Capital Partners Fund IV (Master), L.P. | — | investor | Investor in the PIPE investment. | 2026-02-27 | View |
| The Lawrence J. Ellison Revocable Trust | — | investor | Investor in the PIPE investment and guarantor of certain obligations. | 2026-02-27 | View |
| Paramount Skydance Corporation | PSKY | acquirer | Acquirer of Warner Bros. Discovery, Inc. in a merger transaction. | 2026-02-27 | View |
| Prince Sub Inc. | — | target | Wholly owned subsidiary of Paramount Skydance Corporation used as the merger vehicle. | 2026-02-27 | View |
| Netflix, Inc. | NFLX | partner | Counterparty to the terminated Netflix Merger Agreement; received termination fee. | 2026-02-27 | View |
| Nightingale Sub, Inc. | — | partner | Wholly owned subsidiary of Netflix, Inc. party to the terminated Netflix Merger Agreement. | 2026-02-27 | View |
| Netflix, Inc. | NFLX | acquirer | Netflix agreed to acquire Warner Bros. Discovery in a cash-only merger transaction. | 2026-01-20 | View |
| Nightingale Sub, Inc. | — | acquirer | Wholly owned subsidiary of Netflix formed to merge with NewCo. | 2026-01-20 | View |
| New Topco 25, Inc. | — | target | Wholly owned subsidiary of WBD formed to merge with Netflix's subsidiary. | 2026-01-20 | View |
| SpinCo | — | partner | Newly formed subsidiary of WBD created to hold the Global Linear Networks segment. | 2026-01-20 | View |
| Netflix, Inc. | NFLX | acquirer | Acquiring Warner Bros. Discovery, Inc. in a merger transaction. | 2025-12-05 | View |
| Nightingale Sub, Inc. | — | investor | Wholly owned subsidiary of Netflix acting as Merger Sub in the acquisition. | 2025-12-05 | View |
| New Topco 25, Inc. | — | partner | Wholly owned subsidiary of WBD formed to facilitate the merger and separation. | 2025-12-05 | View |
| SpinCo | — | partner | Newly formed subsidiary of WBD created to hold the Global Linear Networks business prior to distribution. | 2025-12-05 | View |
| Discovery Global | — | partner | Newly formed subsidiary of WBD contemplated to own certain assets not being acquired by Netflix. | 2025-12-05 | View |
| Scripps Networks Interactive, Inc. | — | partner | Subsidiary guarantor for the amended revolving credit agreement. | 2025-06-26 | View |
| U.S. Bank Trust Company, National Association | — | partner | Trustee for DCL, WMH, and TWI supplemental indentures | 2025-06-16 | View |
| Bank of New York Mellon | — | partner | Trustee for TWI supplemental indenture | 2025-06-16 | View |
| Elavon Financial Services DAC, UK Branch | — | partner | Paying agent for WMH supplemental indenture | 2025-06-16 | View |
| AT&T Inc. | T-PC | acquirer | Former parent company that spun off WarnerMedia to form Warner Bros. Discovery. | 2022-04-12 | View |
| Scripps Networks Interactive, Inc. | — | partner | Joined as a guarantor under the Spinco Term Loan Credit Agreement. | 2022-04-12 | View |
| Discovery Communications, LLC | — | partner | Joined as a guarantor under the Spinco Term Loan Credit Agreement and DCL Revolving Credit Agreement. | 2022-04-12 | View |
| U.S. Bank Trust Company, National Association | — | partner | Trustee for the Spinco Notes and various supplemental indentures. | 2022-04-12 | View |
| Goldman Sachs & Co. LLC | GSCE | investor | Counterparty to the Spinco Registration Rights Agreement. | 2022-04-12 | View |
| Advance/Newhouse Partnership | — | investor | Counterparty to the Advance/Newhouse Registration Rights Agreement. | 2022-04-12 | View |
| Advance/Newhouse Programming Partnership | — | investor | Counterparty to the Advance/Newhouse Registration Rights Agreement. | 2022-04-12 | View |
Mentioned As Counterparty
7 mentionsOther companies that named WBD in their SEC 8-K filings.
| Filed By | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|
| PSKY Paramount Skydance Corp | acquirer | Target company in the merger agreement with Paramount Skydance Corporation. | 2026-03-02 | View |
| NFLX NETFLIX INC | target | Target company in the merger with Netflix, Inc. | 2026-01-20 | View |
| NFLX NETFLIX INC | partner | Counterparty in the Merger Agreement with Netflix | 2025-12-22 | View |
| NFLX NETFLIX INC | acquirer | Target company in the merger agreement with Netflix, Inc. | 2025-12-05 | View |
| STRZ LIONS GATE ENTERTAINMENT CORP /CN/ | investor | Signatory to Starz Voting, Registration, and Investor Rights Agreements. | 2025-05-07 | View |
| STRZ LIONS GATE ENTERTAINMENT CORP /CN/ | partner | Existing shareholder entering into an amendment to the Voting and Standstill Agreement. | 2024-05-15 | View |
| T-PC AT&T INC. | partner | New entity formed by the merger of Spinco and Discovery, Inc. | 2022-04-11 | View |
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-10-06 | Material Agreement; Termination of Agreement; Acquisition/Disposition; Financial Obligation; Delisti | Agreement Acquisition | View |
| 2026-08-06 | Earnings Release; Regulation FD; Exhibits | View | |
| 2026-06-12 | Shareholder Vote | View | |
| 2026-06-04 | Material Agreement; Financial Obligation; Exhibits | Agreement | View |
| 2026-05-27 | Material Agreement; Other Events; Exhibits | Agreement | View |
| 2026-05-19 | Other Events; Exhibits | View | |
| 2026-05-06 | Earnings Release; Regulation FD; Exhibits | View | |
| 2026-04-30 | Officer/Director Change; Exhibits | View | |
| 2026-04-23 | Shareholder Vote | View | |
| 2026-03-16 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2026-02-27 | Entry into Material Definitive Agreement; Termination of Material Definitive Agreement; Regulation F | Agreement | View |
| 2026-02-26 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View | |
| 2026-02-18 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Stateme | Agreement | View |
| 2026-01-20 | Entry into Material Definitive Agreement; Regulation FD Disclosure; Financial Statements and Exhibit | Agreement | View |
| 2026-01-07 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2025-12-05 | Regulation FD Disclosure; Other Events; Financial Statements and Exhibits | View | |
| 2025-12-05 | Entry into Material Definitive Agreement; Departure/Election of Directors; Appointment of Officers; | Agreement | View |
| 2025-11-13 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2025-11-06 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View | |
| 2025-08-07 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR