What is the 13F Pro Quality Score for WBD?

13F Pro ranks Warner Bros. Discovery, Inc. (WBD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WBD's current score at https://13fpro.ai/research/WBD (free sign-up required for the full ranking).

Which hedge funds own the most WBD stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of WBD include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/WBD as soon as new 13F filings post.

Where does 13F Pro source WBD data?

All Warner Bros. Discovery, Inc. fundamentals and ownership data come directly from SEC EDGAR. Warner Bros. Discovery, Inc. files with the SEC under CIK 1437107. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is WBD in?

Warner Bros. Discovery, Inc. (WBD) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

How often is WBD research updated on 13F Pro?

WBD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Warner Bros. Discovery, Inc.(WBD)Stock Analysis

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Communication Services →Nasdaq

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SEC EDGAR: CIK 1437107 WBD stock profile & AI dashboard →

13F Pro Quality Score

42.1/100

Rank #1,870 of 2,879 stocks

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

18.4/100

Profitability

37.1/100

Balance Sheet

29.7/100

Earnings Quality

30.0/100

Free Cash Flow

45.5/100

Institutional Flow

34.9/100

Revenue Scale

96.1/100

Dilution Risk

40.8/100

WBD Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Warner Bros. Discovery, Inc. (WBD), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores WBD at 42.1/100 on a 32-signal composite quality model, placing it at rank #1,870 of 2,879 stocks — the bottom half of the AI-ranked universe. WBD scores in the top quartile across revenue scale (96.1). Areas of concern include revenue growth (18.4) and balance sheet strength (29.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 40.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Warner Bros. Discovery, Inc. reports quarterly revenue of $8.9B, net income of $-2.9B, free cash flow of $-476.0M. Top institutional holders of WBD by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. WBD trades on the Nasdaq exchange and files with the SEC under CIK 1437107. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WBD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Warner Bros. Discovery, Inc. directly from SEC EDGAR. Warner Bros. Discovery, Inc.'s 13F Pro composite quality score has ranged between 42 and 62 since 2022, currently 42.1 — a declining long-term trajectory across 24 quarterly and live scoring snapshots.

✦

Fun facts about Warner Bros. Discovery, Inc.

Quirks, history, and lore behind WBD — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. media and entertainment company · large-cap · listed on Nasdaq · headquartered in New York City.
2
The Numbers
Revenue of roughly $40 billion a year, but the company carries a staggering debt load north of $40 billion — almost a dollar of debt for every dollar of sales.
3
The History
Born from a mega-merger in 2022, it combined a century-old Hollywood studio with a cable-news and reality-TV giant in a deal worth roughly $43 billion.
4
The Secret
It runs both a streaming service and a sprawling cable network empire — two businesses that are actively eating each other alive.
5
The Lore
Its vaults hold Superman, Batman, Game of Thrones, and the entire HGTV universe — quite the range from capes to countertop renovations.
6
The Giveaway
The Max streaming app, CNN, and a studio whose logo features a golden shield — this is what happens when Looney Tunes meets the Food Network.

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Revenue

Q1 2026

$8.9B

Net Income

Q1 2026

$-2.9B

Free Cash Flow

Q1 2026

$-476.0M

ROIC

Q1 2026

-3.8%

D/E Ratio

Q1 2026

1.09

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-9.7% YoY

$37.30BFY 2025

FY21 $12.19BFY22 $33.82BFY23 $41.32BFY25 $37.30B

Net Income

+123.3% YoY

$727.0MFY 2025

FY21 $1.01BFY22 $-7.37BFY23 $-3.13BFY25 $727.0M

Operating Income

+147.7% YoY

$738.0MFY 2025

FY21 $2.01BFY22 $-7.37BFY23 $-1.55BFY25 $738.0M

EPS (Diluted)

+122.7% YoY

$0.29FY 2025

FY21 $1.54FY22 $-3.82FY23 $-1.28FY25 $0.29

Total Assets

-18.5% YoY

$100.08BFY 2025

FY21 $34.43BFY22 $134.00BFY23 $122.76BFY25 $100.08B

Total Debt

-30.5% YoY

$32.84BFY 2025

FY21 $15.44BFY22 $49.73BFY23 $47.23BFY25 $32.84B

Op. Cash Flow

-42.2% YoY

$4.32BFY 2025

FY21 $2.80BFY22 $4.30BFY23 $7.48BFY25 $4.32B

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$37.30B -9.7%	$41.32B +22.2%	$33.82B +177.4%	$12.19B +14.2%	$10.67B -4.2%	$11.14B
Net Income	$727.0M +123.3%	$-3.13B +57.6%	$-7.37B -832.7%	$1.01B -17.5%	$1.22B -41.1%	$2.07B
Operating Income	$738.0M +147.7%	$-1.55B +79.0%	$-7.37B -466.3%	$2.01B -20.0%	$2.52B -16.4%	$3.01B
EPS (Diluted)	$0.29 +122.7%	$-1.28 +66.5%	$-3.82 -348.1%	$1.54 -14.9%	$1.81	—
Total Assets	$100.08B -18.5%	$122.76B -8.4%	$134.00B +289.2%	$34.43B +1.0%	$34.09B +1.0%	$33.73B
Total Debt	$32.84B -30.5%	$47.23B -5.0%	$49.73B +222.1%	$15.44B -4.0%	$16.07B -3.4%	$16.64B
Operating Cash Flow	$4.32B -42.2%	$7.48B +73.7%	$4.30B +53.8%	$2.80B +2.2%	$2.74B -19.4%	$3.40B

AI Insight: WBD Financial Trends

WBD swung to negative operating income and cash flow in Q1 2026 after debt reduction gains masked underlying operational weakness.

• Total debt fell 28% from $48.3B (Q2 2024) to $35.5B (Q1 2026), while equity contracted 5% to $32.6B.

• Operating cash flow turned negative at -$208M in Q1 2026 versus +$1,804M in Q4 2025.

• Operating income declined to -$2,469M in Q1 2026 from +$349M in Q4 2025; net loss widened to -$2,916M.

⚠ Revenue has contracted sequentially since Q3 2025, with Q1 2026 at $8,893M—lowest in 8-quarter period.

⚠ Operating margin turned deeply negative in Q1 2026 (-27.8%) after modest positive territory in Q4 2025.

AI Insight: WBD Ratio Trends

Warner Bros. Discovery collapsed to negative profitability across all metrics in Q1 2026, erasing 18 months of operational recovery.

• Operating margin plummeted to -27.8% in Q1 2026 from +6.8% in Q3 2025, a 34.6pp swing in six months.

• ROIC swung from +3.5% in Q3 2025 to -14.5% in Q1 2026, destroying shareholder value after 18-month recovery.

• Debt-to-equity improved to 0.91x in Q4 2025 but spiked back to 1.09x in Q1 2026, signaling renewed balance-sheet stress.

⚠ TTM metrics all negative (OpMargin -4.5%, ROIC -2.5%) despite Q3–Q4 2025 showing temporary profitability—structural headwinds persist.

⚠ Q1 2026 net profit margin of -32.8% suggests major one-time charges or operating crisis; reconcile with cash flow urgently.

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Available Research

13F Pro tracks comprehensive data for Warner Bros. Discovery, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WBD

BlackRock, Inc.
$5.3B194,804,215 sh
VANGUARD CAPITAL MANAGEMENT LLC
$4.3B156,908,590 sh
STATE STREET CORP
$3.5B127,429,710 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.8B103,397,641 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.9B69,939,523 sh
Pentwater Capital Management LP
$1.4B50,245,000 sh
MILLENNIUM MANAGEMENT LLC
$1.2B43,939,392 sh
HARRIS ASSOCIATES L P
$902.7M32,874,039 sh
FMR LLC
$891.6M32,470,573 sh
Sessa Capital IM, L.P.
$877.8M31,965,805 sh

Fund	Value	Shares
BlackRock, Inc.	$5.3B	194,804,215
VANGUARD CAPITAL MANAGEMENT LLC	$4.3B	156,908,590
STATE STREET CORP	$3.5B	127,429,710
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.8B	103,397,641
GEODE CAPITAL MANAGEMENT, LLC	$1.9B	69,939,523
Pentwater Capital Management LP	$1.4B	50,245,000
MILLENNIUM MANAGEMENT LLC	$1.2B	43,939,392
HARRIS ASSOCIATES L P	$902.7M	32,874,039
FMR LLC	$891.6M	32,470,573
Sessa Capital IM, L.P.	$877.8M	31,965,805

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Is WBD a good stock to buy?

13F Pro's AI-powered analysis of Warner Bros. Discovery, Inc. (WBD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WBD are available on the WBD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own WBD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WBD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Warner Bros. Discovery, Inc.'s investment landscape.