Congress trades
Warner Bros. Discovery, Inc. (WBD)
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About Warner Bros. Discovery, Inc.
from the company's filings and listing, as of Oct 25, 2026- Exchange
- NASDAQ
- Sector
- Communication Services
- Industry
- Entertainment
- Chief executive
- David Zaslavlast on record
- Employees
- 35,500
- Listed since
- -
- Market value
- $77.6Blast quoted Oct 6, 2026
- Price to earnings (12 mo)
- -
- Net income per share, as reported (12 mo)
- -
- Dividend yield
- -
Earnings
6 reported quarters · next on Nov 5, 2026| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q2 FY2026reported Aug 6, 2026 | $0.06 | -$0.14 | $8.7B | $9.3B | EPS beatRevenue miss |
| Q1 FY2026reported May 6, 2026 | -$1.17 | -$0.11 | $8.9B | $8.9B | EPS missRevenue in line |
| Q4 FY2025reported Feb 26, 2026 | -$0.10 | -$0.03 | $9.5B | $9.4B | EPS missRevenue in line |
| Q3 FY2025reported Nov 6, 2025 | -$0.06 | -$0.07 | $9.0B | $9.2B | EPS beatRevenue in line |
| Q2 FY2025reported Aug 7, 2025 | $0.63 | -$0.24 | $9.8B | $9.8B | EPS beatRevenue in line |
| Q1 FY2025reported May 8, 2025 | -$0.18 | -$0.17 | $9.0B | $9.6B | EPS missRevenue miss |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag reads n/a only when a number is missing. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for fiscal 2025 · proxy filed Apr 30, 2026| Executive | Salary | Stock awards | Other | Total |
|---|---|---|---|---|
| David M. ZaslavPresident and Chief Executive Officer | $3.0M | $22.6M | $139.4M | $165.0M |
| Priya R. AiyarChief Legal Officer | $1.3M | $17.7M | $4.2M | $23.3M |
| Jean-Briac PerretteCEO and President, Global Streaming and Games | $2.7M | $9.4M | $10.4M | $22.5M |
| Bruce L. CampbellChief Revenue and Strategy Officer | $2.8M | $9.4M | $10.0M | $22.3M |
| Gunnar WiedenfelsChief Financial Officer | $2.1M | $8.2M | $7.3M | $17.7M |
The summary compensation table from the proxy statement for fiscal 2025, with titles as filed then. Executives who have since left are not shown. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Shares vs prior qtr | % of shares out |
|---|---|---|---|---|
| BlackRock, Inc. | $5.3B | 198,085,828 | +1.7% | 7.89% |
| Vanguard Capital Management LLC | $4.2B | 158,635,529 | +1.1% | 6.32% |
| State Street Corp | $3.4B | 128,364,674 | +0.7% | 5.15% |
| Vanguard Portfolio Management LLC | $2.8B | 105,102,281 | +1.6% | 4.19% |
| Invesco Ltd. | $2.1B | 80,086,951 | +53.9% | 3.19% |
| Geode Capital Management, LLC | $1.9B | 69,897,377 | -0.1% | 2.78% |
| Millennium Management LLC | $1.5B | 57,657,575 | +31.2% | 2.30% |
| Pentwater Capital Management LP | $1.3B | 47,576,000 | -5.3% | 1.89% |
| FMR LLC | $1.2B | 45,257,749 | +39.4% | 1.80% |
| Citadel Advisors LLCKen Griffin | $1.2B | 44,587,810 | +51.8% | 1.78% |
| D. E. Shaw & Co., Inc. | $1.1B | 40,750,490 | +173.7% | 1.62% |
| Norges Bank | $832.8M | 31,238,355 | New | 1.24% |
A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. New: not in this holder's prior 13F as reported; a change of filer ID can also show as new. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.
Tracked fund managers holding WBD
12 of 13 managers| Manager | Value | Shares | Share of book |
|---|---|---|---|
| Millennium ManagementIsrael Englander | $1.5B | 57,657,575 | 0.6% |
| Pentwater Capital Management | $1.3B | 47,576,000 | 7.8% |
| D. E. Shaw & Co.David Shaw | $1.1B | 40,750,490 | 0.5% |
| Third PointDan Loeb | $533.2M | 20,000,000 | 11.4% |
| HBK Capital Management | $505.6M | 18,965,932 | 4.9% |
| Dmitry BalyasnyBalyasny Asset Management | $440.2M | 16,512,606 | 0.5% |
| Verition Fund Management | $240.7M | 9,029,415 | 1.2% |
| Tudor Investment CorporationPaul Tudor Jones | $194.2M | 7,286,085 | 0.3% |
| Magnetar Capital | $73.3M | 2,747,884 | 0.7% |
| ExodusPoint Capital Management | $61.5M | 2,305,423 | 0.4% |
| David EinhornGreenlight Capital | $59.9M | 2,246,180 | 1.5% |
| Empyrean Capital Partners | $47.5M | 1,783,087 | 1.6% |
Also holding WBD: Glazer Capital.
13 of the 97 fund managers we track list WBD shares among the largest positions in their latest 13F, filed for Q2 2026. A manager can hold it further down the book too, so this is a floor, not a count. Share of book is the position against the manager's whole disclosed 13F value.
GetSignal watches Form 4 and STOCK Act filings and pushes each one to your phone as it is published, with the history behind it. Free on iOS and Android.
Other Form 4 activity (20)
| Insider | Event | Shares | Date |
|---|---|---|---|
| David ZaslavChief Executive Officer & Pres | Disposed to issuer | 31,459,212 | Oct 6, 2026 |
| David ZaslavChief Executive Officer & Pres | Stock award | 425,986 | Oct 6, 2026 |
| Bruce CampbellChief Rev & Strategy Officer | Disposed to issuer | 4,214,052 | Oct 6, 2026 |
| Bruce CampbellChief Rev & Strategy Officer | Stock award | 3,264,855 | Oct 6, 2026 |
| Amy GirdwoodChief People & Culture Officer | Stock award | 195,494 | Oct 6, 2026 |
| Amy GirdwoodChief People & Culture Officer | Disposed to issuer | 195,494 | Oct 6, 2026 |
| Lori C. LockeChief Accounting Officer | Stock award | 61,093 | Oct 6, 2026 |
| Lori C. LockeChief Accounting Officer | Disposed to issuer | 61,093 | Oct 6, 2026 |
| Jean-Briac PerrettePres.&CEO, Global Streaming | Disposed to issuer | 5,517,889 | Oct 6, 2026 |
| Jean-Briac PerrettePres.&CEO, Global Streaming | Stock award | 3,264,855 | Oct 6, 2026 |
| Gunnar WiedenfelsChief Financial Officer | Disposed to issuer | 3,962,762 | Oct 6, 2026 |
| Gunnar WiedenfelsChief Financial Officer | Stock award | 2,982,465 | Oct 6, 2026 |
| Gerhard ZeilerPresident, International | Disposed to issuer | 2,893,154 | Oct 6, 2026 |
| Gerhard ZeilerPresident, International | Stock award | 2,236,849 | Oct 6, 2026 |
| Priya AiyarChief Legal Officer | Disposed to issuer | 1,105,483 | Oct 6, 2026 |
| Priya AiyarChief Legal Officer | Stock award | 948,656 | Oct 6, 2026 |
| Geoffrey Y. YangDirector | Disposed to issuer | 127,119 | Oct 6, 2026 |
| Anthony NotoDirector | Disposed to issuer | 54,373 | Oct 6, 2026 |
| Anton J. LevyDirector | Disposed to issuer | 618,067 | Oct 6, 2026 |
| Fazal F. MerchantDirector | Disposed to issuer | 33,067 | Oct 6, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Congress trades in WBD
20 disclosures of 88 on record · median 30d of the 45 allowedSince the trade: the stock's move from the trade date to the last close under this ticker (Oct 6, 2026), not the member's result. Not investment advice.
| Member | Type | Action | Amount disclosed | Stock since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| Alan ArmstrongSelf | Stock | Purchase | $1,001 - $15,000 | +14.3%S&P 500 +22.2% · -7.9 pts vs S&P 500 | Mar 27, 2026 | Jul 21, 2026 | 116d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +16.4%After the saleS&P 500 +3.3% · +13.1 pts vs S&P 500 | Jun 16, 2026 | Jul 6, 2026 | 20d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +13.0%S&P 500 +12.9% · +0.1 pts vs S&P 500 | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +14.3%After the saleS&P 500 +22.6% · -8.4 pts vs S&P 500 | Mar 30, 2026 | Apr 7, 2026 | 8d |
| August Pfluger | Stock | Sale | $1,001 - $15,000 | +11.3%After the saleS&P 500 +11.9% · -0.6 pts vs S&P 500 | Feb 10, 2026 | Mar 19, 2026 | 37d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +13.1%After the saleS&P 500 +12.1% · +1.0 pts vs S&P 500 | Feb 6, 2026 | Mar 9, 2026 | 31d |
| Gilbert Ray Cisneros, Jr. | Stock | Sale | $1,001 - $15,000 | +11.3%After the saleS&P 500 +11.9% · -0.6 pts vs S&P 500 | Feb 10, 2026 | Mar 9, 2026 | 27d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +7.2%S&P 500 +11.6% · -4.4 pts vs S&P 500 | Jan 9, 2026 | Feb 13, 2026 | 35d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +8.3%S&P 500 +12.4% · -4.1 pts vs S&P 500 | Jan 23, 2026 | Feb 6, 2026 | 14d |
| Julia LetlowFiled late | Stock | Purchase | $1,001 - $15,000 | +276.1%S&P 500 +35.7% · +240.4 pts vs S&P 500 | Nov 1, 2024 | Jan 13, 2026 | 438d |
| Julia LetlowFiled late | Stock | Sale | $1,001 - $15,000 | +129.4%After the saleS&P 500 +21.6% · +107.8 pts vs S&P 500 | Jul 25, 2025 | Jan 13, 2026 | 172d |
| Julia Letlow | Stock | Sale | $1,001 - $15,000 | +13.7%After the saleS&P 500 +13.3% · +0.3 pts vs S&P 500 | Dec 8, 2025 | Jan 13, 2026 | 36d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +30.7%S&P 500 +17.4% · +13.3 pts vs S&P 500 | Nov 18, 2025 | Dec 15, 2025 | 27d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +64.1%S&P 500 +16.8% · +47.3 pts vs S&P 500 | Sep 29, 2025 | Oct 3, 2025 | 4d |
| Jefferson Shreve | Stock | Sale | $15,001 - $50,000 | +235.3%After the saleS&P 500 +32.9% · +202.4 pts vs S&P 500 | May 12, 2025 | Jun 22, 2025 | 41d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +242.0%After the saleS&P 500 +30.3% · +211.7 pts vs S&P 500 | May 19, 2025 | Jun 10, 2025 | 22d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +271.6%S&P 500 +44.8% · +226.8 pts vs S&P 500 | Apr 23, 2025 | May 12, 2025 | 19d |
| August PflugerSpouse | Stock | Sale | $1,001 - $15,000 | +214.5%After the saleS&P 500 +33.3% · +181.3 pts vs S&P 500 | Jan 13, 2025 | Feb 15, 2025 | 33d |
| Laurel M. LeeSpouse | Stock | Sale | $1,001 - $15,000 | +195.3%After the saleS&P 500 +28.7% · +166.6 pts vs S&P 500 | Nov 29, 2024 | Jan 7, 2025 | 39d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +235.7%S&P 500 +32.3% · +203.4 pts vs S&P 500 | Nov 15, 2024 | Dec 5, 2024 | 20d |
Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.
A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.
"Not captured" means the band or the transaction type on the original report is missing from our data.
"Dates conflict" marks a row whose disclosure is dated before its trade on the record we hold. Both dates are printed as filed, and no since-the-trade figure is computed from them.
Every Congress trade in WBD, filterable by party, chamber, type and account.
Questions
Which members of Congress have traded WBD?
Alan Armstrong, Ro Khanna, August Pfluger, Gilbert Ray Cisneros, Jr., Julia Letlow, Jefferson Shreve and others disclosed WBD transactions in the filings shown here.
How quickly are WBD trades disclosed?
Congressional disclosures took a median of 30 days, against the 45 the STOCK Act allows.
How to read a STOCK Act filing
WHAT THE FILING ACTUALLY SAYS
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Oct 26, 2026.