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Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm’s streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm’s other two business segments. Each segment operates with a global reach, with Max available in over 70 countries.
2008
35K+
LTM Revenue $39.1B
LTM EBITDA $9.0B
$53.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Warner Bros. Discovery has a last 12-month revenue of $39.1B and a last 12-month EBITDA of $9.0B.
In the most recent fiscal year, Warner Bros. Discovery achieved revenue of $39.3B and an EBITDA of $11.6B.
Warner Bros. Discovery expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Warner Bros. Discovery valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $41.3B | $39.3B | XXX | XXX | XXX |
| Gross Profit | $13.4B | $16.8B | XXX | XXX | XXX |
| Gross Margin | 32% | 43% | XXX | XXX | XXX |
| EBITDA | $22.4B | $11.6B | XXX | XXX | XXX |
| EBITDA Margin | 54% | 30% | XXX | XXX | XXX |
| Net Profit | -$7.4B | -$3.1B | XXX | XXX | XXX |
| Net Margin | -18% | -8% | XXX | XXX | XXX |
| Net Debt | $45.3B | $39.9B | XXX | XXX | XXX |
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As of April 15, 2025, Warner Bros. Discovery's stock price is $8.
Warner Bros. Discovery has current market cap of $19.7B, and EV of $53.9B.
See Warner Bros. Discovery trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $53.9B | $19.7B | XXX | XXX | XXX | XXX | $-3.39 |
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Sign UpAs of April 15, 2025, Warner Bros. Discovery has market cap of $19.7B and EV of $53.9B.
Warner Bros. Discovery's trades at 1.4x LTM EV/Revenue multiple, and 6.0x LTM EBITDA.
Analysts estimate Warner Bros. Discovery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Warner Bros. Discovery and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $53.9B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 4.6x | XXX | XXX | XXX |
| P/E | -1.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpWarner Bros. Discovery's NTM/LTM revenue growth is -1%
Warner Bros. Discovery's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Warner Bros. Discovery's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Warner Bros. Discovery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Warner Bros. Discovery and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -48% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 29% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Banijay Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Universal Music | XXX | XXX | XXX | XXX | XXX | XXX |
| Kartoon Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| AI-Media | XXX | XXX | XXX | XXX | XXX | XXX |
| Sports Entertainment Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Warner Bros. Discovery acquired XXX companies to date.
Last acquisition by Warner Bros. Discovery was XXXXXXXX, XXXXX XXXXX XXXXXX . Warner Bros. Discovery acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Warner Bros. Discovery founded? | Warner Bros. Discovery was founded in 2008. |
| Where is Warner Bros. Discovery headquartered? | Warner Bros. Discovery is headquartered in United States of America. |
| How many employees does Warner Bros. Discovery have? | As of today, Warner Bros. Discovery has 35K+ employees. |
| Who is the CEO of Warner Bros. Discovery? | Warner Bros. Discovery's CEO is Mr. David M. Zaslav. |
| Is Warner Bros. Discovery publicy listed? | Yes, Warner Bros. Discovery is a public company listed on NAS. |
| What is the stock symbol of Warner Bros. Discovery? | Warner Bros. Discovery trades under WBD ticker. |
| When did Warner Bros. Discovery go public? | Warner Bros. Discovery went public in 2005. |
| Who are competitors of Warner Bros. Discovery? | Similar companies to Warner Bros. Discovery include e.g. Banijay Group, Universal Music, Kartoon Studios, AI-Media. |
| What is the current market cap of Warner Bros. Discovery? | Warner Bros. Discovery's current market cap is $19.7B |
| What is the current revenue of Warner Bros. Discovery? | Warner Bros. Discovery's last 12-month revenue is $39.1B. |
| What is the current EBITDA of Warner Bros. Discovery? | Warner Bros. Discovery's last 12-month EBITDA is $9.0B. |
| What is the current EV/Revenue multiple of Warner Bros. Discovery? | Current revenue multiple of Warner Bros. Discovery is 1.4x. |
| What is the current EV/EBITDA multiple of Warner Bros. Discovery? | Current EBITDA multiple of Warner Bros. Discovery is 6.0x. |
| What is the current revenue growth of Warner Bros. Discovery? | Warner Bros. Discovery revenue growth between 2023 and 2024 was -5%. |
| Is Warner Bros. Discovery profitable? | Yes, Warner Bros. Discovery is EBITDA-positive (as of the last 12 months). |
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