# Warner Bros. Discovery, Inc. Series A Common Stock (WBD) — Stock CV

Warner Bros. Discovery, Inc. Series A is a $77.6B communication services company. Revenue shrank 6.1% over the last year, it currently loses money, and its net debt equals ~12.8 years of free cash flow.

> Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks.

## Identity

- **Ticker**: WBD
- **Sector**: Communication Services
- **Industry**: Cable & Other Pay Television Services
- **Headquarters**: NEW YORK, NY
- **Employees**: 35 500
- **Website**: https://www.wbd.com
- **Market cap**: $77.6B
- **Last price**: $30.95
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $36.1B
- **Net income**: -$3.17B
- **Free cash flow**: $2.18B
- **Net debt**: $28.0B
- **P/E**: 106.6
- **Revenue growth (YoY)**: -6.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 35 |
| Growth | 25 |
| Profitability | 5 |
| Health | 21 |
| Quality | 53 |
| Moat | 31 |

## Qualifications (beginner checklist) — 3 of 10 passed

- [ ] Revenue growing — -6.1% YoY
- [ ] Profitable — -$3.17B TTM
- [ ] Profit growing — -30.8% YoY
- [x] Generates cash — $2.18B TTM
- [ ] Debt under control — ~12.8y of cash flow to repay
- [x] Established company — $77.6B market cap
- [ ] Not printing shares — +18.6% shares over ~5y
- [x] Proven track record — 6/10 profitable years
- [ ] Financially stable — health score 9/100
- [ ] Valuation not extreme — P/E 106.6

## Experience (career milestones)

- **FY2019** — Best year on record: $2.07B net income
- **FY2018** — Revenue crossed $10B: $10.6B for the year
- **FY2016** — First recorded profitable year: $1.19B net income
- **FY2016** — Revenue already above $1B: $6.50B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (47.7%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Revenue shrinking 6.1% year over year
- Not profitable — 8.8% net margin
- Thin interest coverage (1.8×)
- Loss-making in 4 of the recent years
- Net debt equals ~12.8 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.2B | $1.01B | $2.42B |
| FY2022 | $33.8B | -$7.37B | $3.32B |
| FY2023 | $41.3B | -$3.13B | $6.16B |
| FY2024 | $39.3B | -$11.3B | $4.43B |
| FY2025 | $37.3B | $727M | $3.09B |

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Source: https://stockcv.com/WBD — derived from company filings; may be delayed or incomplete. Information, not investment advice.