Warner Bros. Discovery, Inc. (WBD)
Communication Services · Entertainment · Data as of 2026-10-05
Bottom line
WBD is trading at a premium to its history, near its historical resistance zone, and recent volume suggests money flowing in. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Expensive against its own asset value (Red)
WBD is losing money, so we lean on its balance sheet: price-to-book of 2.4× versus its own typical 0.9×. Day-to-day operations still generate cash (EV/EBITDA 7.8×), so the losses come from costs like interest and depreciation rather than the core business. Despite the accounting losses, it already generates positive free cash flow. Analysts currently expect it to turn profitable around 2028.
Price zones — Near its historical resistance zone (Red)
At $30.95, the stock is close to the upper end of its recent range. Over the past year WBD has traded between $17.08 and $30.99; its historical support zone sits near $28.33 and resistance near $30.99. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $17.08–$30.99 · 50-day average $28.33 · 200-day average $27.69
Money flow — Money is flowing in (Green)
Recent trading in WBD shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 2.9× volume on down days over the last 30 sessions.
Dividends & company facts
WBD doesn't pay a dividend, and it bought back no shares in fiscal 2025. Its share count rose 3.0% over the past year and 287.8% over five.
- Shares, past year
- +3.0%
- Revenue, 12 months
- $36.1B
- Profit, 12 months
- $-3167M
- Employees
- 35,500
- CEO
- David Zaslav
- Headquarters
- New York City, NY
- Listed since
- 2005 · NASDAQ
About the company
Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate.
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一句话结论
WBD 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量显示资金正在流入。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 相对自身资产价值偏高
WBD 目前处于亏损，因此我们更多地看资产负债表：市净率为 2.4×，而它自身惯常的水平是 0.9×。日常经营仍在产生现金（EV/EBITDA 为 7.8×），因此亏损来自利息、折旧这类成本，而非核心业务本身。尽管账面上是亏损，它已经能产生正的自由现金流。分析师目前预计它将在 2028 年前后转为盈利。
价格区间 — 接近其历史阻力区
目前价格为 $30.95，接近其近期区间的上沿。过去一年 WBD 的价格在 $17.08 到 $30.99 之间波动；其历史支撑区在 $28.33 附近，阻力区在 $30.99 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 资金正在流入
WBD 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 2.9×。
股息与公司概况
WBD 不派发股息，并且在 2025 财年没有回购股票。其股数过去一年增加了 3.0%，五年增加了 287.8%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.