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WBD

Warner Bros. Discovery

NASDAQCommunication ServicesEntertainmentSnapshot 2026-05-08

$27.11-0.04%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, WBD has a mixed analyst signal with a composite score of 2.9 and a medium confidence level of 73.2. The company momentum score increased by 28.0 points to 9.5 following fresh earnings. Key drivers affecting the score include macroeconomic factors related to rates, labor, and growth, which are currently seen as unfavorable. The overall risk is categorized as moderate, with a total risk score of 38.6.

Composite +2.9as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
weak
Bottom 10% of communication services cohort
Why this rank
  • Direction share
    -0.89
  • Slope (norm)
    -1.03
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
-267-185611-10191
F2 · Value
expensive
Most expensive 10% of communication services cohort
Why this rank
Price
$27.11
TTM EPS
$0.22
Earnings yield
0.8%
P/E (TTM)
123.2

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
Loss-making
Cash conversion undefined
Why this rank
TTM NI ($M)
-11,311
TTM CFO ($M)
5,375
CFO/NI
Undefined / loss-making
L2

Watch

has something changed worth re-reading?
F4 · Management stability
volatile
Bottom 30% activity in communication services cohort· see deep-dive ↓
neutral
Earnings setup · pre-print positioning
forward-looking
bearishEPS revised -12.2% / 30d, n=7for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $-0.07 → $-0.08 (-12.2% / 30d). 0 raised, 1 cut, 7 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 2 maintained. 5% of analysts rate Buy.

Price target activity

1 PT revisions / 30d. Avg target 14.3% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

Insufficient transcript history for this ticker.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −21%, typical day ±0.6%
Why this risk level

Recent vol — 30d annualized 9%; 252d 45%.

Drawdown — Max 1y −21%. Bad day move −3%.

Beta to sector ETF (XLC) 1.06 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 24/100, drawdown 57/100, beta 94/100, earnings vol .

Sector regime
headwind-6.7%sector vs S&P 500, 60d

via XLC

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. earnings refresh · company_momentum_score
    severity 47

    Company momentum rose by 28.0 points (from -18.5 to 9.5) after fresh earnings.

As of May 8, 2026, WBD's company momentum score increased by 28.0 points, rising from -18.5 to 9.5 after fresh earnings. The overall signal label is "mixed." The composite score remains at 2.9 with a medium confidence level of 73.2. The inputs indicate that the situation is provisional.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite18.1 / 100
Capital allocation11
Earnings discipline26
Margin discipline8
Balance sheet24
Guidance credibility
Post-call reaction37
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

No qualifying priorities for this snapshot. Check back after the next refresh.

5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
higher = cheaper

Not enough peers to compare yet.

Compared to its own history
higher = cheaper

Self-history needs ~20 months of data.

P/E
EV/EBITDA
9.5x
FCF yield
3.4%

P/E over the last 5 years

16 monthly points
no labelas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
WBD
Warner Bros. Discovery
+2.9moderate
GOOGL
Alphabet Inc. (Class A)
+31fairmoderate
GOOG
Alphabet Inc. (Class C)
+32fairmoderate
META
Meta Platforms
+30inexpensiveelevated
NFLX
Netflix
+23inexpensivemoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
0.6%
A bad day (95th %ile)
A rough but not unusual down day.
-2.9%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-21.3%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If communication_services sector trend rises from +0.06 into 'improving' (>= +0.20)+5.0 pts
Downside triggers
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-5.8 pts
  • If communication_services sector trend falls from +0.06 into 'weakening' (<= -0.20)-5.0 pts
  • If labor state reverses from -0.31 (negative) to +0.31 (positive)-3.1 pts
  • If growth state reverses from +0.25 (positive) to -0.25 (negative)-3.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-062d agoItem 2.02

    Results of Operations and Financial Condition. On May 6, 2026, Warner Bros. Discovery, Inc. ("we," “Warner Bros. Discovery” or the “Company”) released its earnings for the quarter ended March 31, 2026. A copy of Warner Bros. Discovery's earnings press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to

    earnings preannouncementscore 63
  2. 2026-04-308d agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 29, 2026, Warner Bros. Discovery, Inc. (“we,” “us,” “our,” “WBD” or the “Company”) and our wholly-owned subsidiary Discovery Communications, LLC (“DCL”) entered into an employment agreement with Gunnar Wiedenfels, our Chief Financial Officer (the “New Agreement”). The New Agreement will become effective as of July 11, 2026 (the “Effective…

    executive changeneutralscore 47
  3. 2026-03-161mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on February 27, 2026, Warner Bros. Discovery, Inc. (“WBD,” “we,” “us,” “our” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Paramount Skydance Corporation (“PSKY”) and Prince Sub Inc. (“Merger Sub”)…

    executive changeneutralscore 17
  4. 2026-02-262mo agoItem 2.02

    Results of Operations and Financial Condition On February 26, 2026, Warner Bros. Discovery, Inc. ("we," “Warner Bros. Discovery” or the “Company”) released its earnings for the quarter and year ended December 31, 2025. A copy of Warner Bros. Discovery's earnings press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to

    earnings preannouncementnegativescore 15
  5. 2026-02-272mo agoItem 1.01

    Entry into a Material Definitive Agreement. On February 27, 2026, Warner Bros. Discovery, Inc., a Delaware corporation (“WBD”), Paramount Skydance Corporation, a Delaware corporation (“PSKY”), and Prince Sub Inc., a Delaware corporation and wholly owned subsidiary of PSKY (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which and subject to the terms and conditions therein, at the effective time of the Merger (as defined below) (the “Effective…

    mna activitypositivescore 13
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-27 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.