Brandtree

Warner Bros. Discovery: brands it owns and its ownership tree

Warner Bros. Discovery (NASDAQ: WBD) is a publicly listed company headquartered in New York, New York, United States that owns 9 consumer brands across 2 categories, and has 1 recorded transaction.[1][2]

Warner Bros. Discovery was formed in 2022 when AT&T spun off WarnerMedia and merged it with Discovery, three years after AT&T had paid $85 billion for it. The combined company carries very large debt from that history, which has shaped almost every decision it has made since.

Company facts

Legal name
Warner Bros. Discovery, Inc.
Type
publicly listed company · see all publicly listed company owners
Headquarters
🇺🇸 New York, New York, United States
Founded
2022
Tickers
NASDAQ: WBD
Revenue
$37.3 billion (2025)[2]
SEC CIK
0001437107
Website
wbd.com
Last verified
· 3 sources

What Warner Bros. Discovery's annual report says about its business

Read from Warner Bros. Discovery's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.

Segments the filing names

Acquisitions and disposals named in the filing

Warner Bros. Discovery in numbers

Warner Bros. Discovery financial history

Headline figures from Warner Bros. Discovery's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $10.7bn to $37.3bn, an average of 28.4% a year (calculated).

Fiscal year endedRevenueOperating incomeOperating marginNet incomeTotal assetsLong-term debtFiling
$37.3bn $738m 2.0% $727m $100.1bn $32.6bn 10-K
$39.3bn $-10,032,000,000 -25.5% $-11,311,000,000 $104.6bn $39.5bn 10-K
$41.3bn $-1,548,000,000 -3.7% $-3,126,000,000 $122.8bn $43.7bn 10-K
$33.8bn $-7,370,000,000 -21.8% $-7,371,000,000 $134bn $49bn 10-K
$12.2bn $2.01bn 16.5% $1.01bn $34.4bn $14.8bn 10-K
$10.7bn $2.52bn 23.6% $1.22bn $34.1bn $15.4bn 10-K

Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.

Who owns the shares of Warner Bros. Discovery

Holders of more than 5% of the voting shares, as listed in Warner Bros. Discovery's proxy statement filed 30 April 2026. Shareholdings change daily; this is the position the filing reports.

HolderSharesShare of class
BlackRock, Inc.154,407,7526.2%
State Street Corporation131,075,3285.2%

Everything Warner Bros. Discovery owns

Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.

Everything Warner Bros. Discovery owns Tree of 9 brands under Warner Bros. Discovery. Warner Bros. Discovery Cartoon Network CNN DC Discovery Channel Food Network HBO HBO Max TLC and 1 more

Full-screen interactive tree → · Download as infographic

Brand portfolio by category

Media & entertainment (8)

Internet & digital (1)

Full portfolio, 9 brands, with sources → · Competitors by shared categories →

Acquisitions by Warner Bros. Discovery

Acquisition announced

Paramount Skydance acquires Warner Bros. Discovery

Paramount Skydance agreed to buy Warner Bros. Discovery for $31.00 a share in cash, which the companies put at $81 billion in equity value and $110 billion in enterprise value. It would combine the Paramount and Warner Bros. film studios, CBS and CNN, and HBO Max with Paramount+. Warner Bros. Discovery shareholders approved it on 23 April 2026 and the European Commission cleared it in July 2026.

Value
$110bn
Seller
public shareholders

Regulatory history

CaseRegulatorDecisionDate
Paramount Skydance / Warner Bros. Discovery (HSR investigation)doj antitrustcleared12 June 2026
The State of California et al. v. Paramount Skydance Corporation et al., No. 4:26-cv-07116-AMO (N.D. Cal.)us state attorneys generalinvestigating13 July 2026
No. 4:26-cv-07116-AMO, Order Granting Motion for Temporary Restraining Orderus district court nd calinvestigating20 July 2026
Paramount / Warner Bros. Discovery (press release IP/26/1663)european commissioncleared with remedies22 July 2026
Nos. 4:26-cv-07116-AMO and 4:26-cv-07212-AMO, Stipulation and Order Not to Closeus district court nd calinvestigating24 July 2026
Paramount / Warner Bros. Discovery merger inquirycmacleared6 August 2026
Proposed acquisition of Warner Bros. Discovery by Paramount: decision of no intervention on public interest groundsuk secretary of statecleared with remedies6 August 2026

Warner Bros. Discovery in the global legal-entity registry

The Global Legal Entity Identifier Foundation (GLEIF) keeps an open register of legal entities. Each entity reports its own parents. We show it as a cross-check on the ownership recorded on this page, which is built from filings.

Legal entity identifier (LEI)
5493006ZCRFWKF6B1K26
Registered name
WARNER BROS. DISCOVERY, INC. (US)
Registration status
Issued · record updated 6 January 2026
Parent
None named: it reports that no person or entity controls it.
Retrieved
· GLEIF record (JSON)

Warner Bros. Discovery SEC filings

The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.

Annual reports

Proxy statements

Recent current and quarterly reports

FiledFormWhat it declares
8-KEntry into a material agreement; Termination of a material agreement; Completion of an acquisition or disposal of assets; Creation of a direct financial obligation; Notice of delisting or failure to satisfy a listing rule; Material change to rights of security holders; Change in control of the company; Departure or appointment of directors or officers; Change to articles or bylaws; Other events
10-QQuarterly report
8-KResults of operations and financial condition; Regulation FD disclosure
8-KResults of a shareholder vote
8-KEntry into a material agreement; Creation of a direct financial obligation
8-KEntry into a material agreement; Material change to rights of security holders; Other events
8-KOther events
10-QQuarterly report
8-KResults of operations and financial condition; Regulation FD disclosure
8-KDeparture or appointment of directors or officers
8-KResults of a shareholder vote
8-KDeparture or appointment of directors or officers
8-KEntry into a material agreement; Termination of a material agreement; Regulation FD disclosure; Other events
8-KResults of operations and financial condition; Regulation FD disclosure

Frequently asked questions

What brands does Warner Bros. Discovery own?

Warner Bros. Discovery owns 9 consumer brands tracked here, including DC, TLC, Discovery Channel, Food Network, Warner Bros. and HBO.

Is Warner Bros. Discovery an American company?

Yes. Warner Bros. Discovery is headquartered in New York, New York, United States and was founded in 2022.

Who owns Warner Bros. Discovery?

Warner Bros. Discovery is a publicly listed company owned by its shareholders; it trades as WBD on the NASDAQ.

Sources (3) & corrections

Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.

  1. [1] Warner Bros. Discovery, Inc. Annual Report on Form 10-K filed 2026-02-27 — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 16 September 2026.
  2. [2] Warner Bros. Discovery, Inc.: Form 10-K for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 4 October 2026.
  3. [3] Warner Bros. Discovery, Inc. Form 8-K Exhibit 99.1 - agreement to be acquired by Paramount Skydance — SEC EDGAR, SEC Form 8-K, published 27 February 2026; retrieved 16 September 2026.

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