Welcome to our dedicated page for WARNER BROS DISCOVERY SEC filings (Ticker: WBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Warner Bros. Discovery, Inc. (NASDAQ: WBD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, including current reports on Form 8-K, annual and quarterly reports when filed, and transaction-related documents. These filings are essential for understanding how WBD structures its media and entertainment operations across cable and other subscription programming, streaming, studios and global networks, and how major strategic transactions are documented.
Recent Form 8-K filings describe several material events. One 8-K filed in December 2025 outlines the Agreement and Plan of Merger among Warner Bros. Discovery, Netflix, Inc., a Netflix subsidiary and a newly formed WBD subsidiary. This filing explains the planned holding company merger, the separation and distribution of WBD’s Global Linear Networks business into a SpinCo, and the subsequent merger of WBD’s Streaming & Studios business into a Netflix subsidiary. It details the cash and stock consideration for WBD shareholders, the Exchange Ratio mechanism, the Net Debt Adjustment tied to SpinCo’s net debt, and the treatment of WBD stock options, restricted stock units, deferred stock units and notional units.
Other 8-Ks describe the company’s strategic review of alternatives, including the potential separation of “Warner Bros.” and “Discovery Global,” and the clarification of executive employment and incentive arrangements in that context. Additional filings cover financing actions such as a Non-Investment Grade Leveraged Bridge Loan Agreement for a term loan facility, amendments to a multicurrency revolving credit agreement, and tender offers and consent solicitations for outstanding notes and debentures. Regular earnings-related 8-Ks furnish quarterly results and shareholder letters.
On this page, Stock Titan surfaces WBD’s SEC filings with real-time updates from EDGAR and AI-powered summaries that explain the structure and implications of complex documents. Investors can quickly see how the Netflix Merger Agreement is structured, how the planned separation of Streaming & Studios and Global Networks is documented, and how new debt facilities and tender offers affect WBD’s obligations. Users can also review filings related to executive compensation, leadership changes and other governance matters. These tools help readers interpret lengthy 10-K, 10-Q and 8-K filings, as well as any future proxy statements or registration statements connected to the Netflix transaction, the Discovery Global separation or competing proposals.
Form 144 filed for Warner Bros. Discovery, Inc. (WBD) discloses a proposed sale of 289,322 Class A shares through Fidelity Brokerage Services with an aggregate market value of $4,768,474.00. The filing lists the issuer's total shares outstanding as 2,475,772,282 and an approximate sale date of 09/11/2025. The notice covers multiple lots acquired over time, including options granted (03/01/2024), employee stock purchase plan purchases, and numerous restricted stock vesting events dated from 2013 through 2022.
The filing does not provide the filers name, CIK, or contact information in the provided text, and reports "Nothing to Report" for securities sold in the past three months. The remarks section contains the standard representation about lack of undisclosed material information and the Rule 10b5-1 statement framework.
Perrette Jean-Briac, an officer (Pres.&CEO, Global Streaming) of Warner Bros. Discovery, acquired shares and vested options on 08/15/2025. She received 21,816 shares of Series A common stock and exercised an employee stock option that resulted in 46,814 underlying shares (exercise price $11.85). Following these transactions she beneficially owns 1,495,790 shares of Series A common stock and 46,814 derivative shares reported as direct holdings.
Warner Bros. Discovery officer Bruce Campbell reported option exercises and resulting share ownership changes. The Form 4 shows a transaction on 08/15/2025 in which Mr. Campbell acquired 21,816 shares of Series A common stock and now directly beneficially owns 1,129,907 shares. The filing also reports two indirect holdings: 209,700 shares held by the reporting person’s spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust. The derivative table shows acquisition of 46,814 shares via employee stock option exercises with an exercise price of $11.85 and an underlying share count of 46,814. The option vests in three annual installments beginning March 3, 2025.
Anton J. Levy, listed as a director of Warner Bros. Discovery (WBD), reported purchases of Series A common stock in two transactions totaling 325,000 shares. The first transaction on 08/11/2025 shows 250,000 shares purchased at a reported weighted average price of $10.90 (prices ranged $10.86–$10.96). The second transaction on 08/12/2025 shows 75,000 shares purchased at a reported weighted average price of $11.00 (prices ranged $10.92–$11.04).
Following these purchases the form reports beneficial ownership of 874,000 shares after the first transaction and 949,000 shares after the second. Transactions are coded "P" for purchase and ownership is reported as Direct (D). No derivative securities are reported. The filer provided explanatory footnotes stating they will disclose, upon request, the number of shares bought at each price within the reported ranges.
Warner Bros. Discovery (WBD) 10-Q — Quarter ended June 30, 2025. Revenues were $9,812 million for Q2 and $18,791 million for six months. Operating loss narrowed to $(185) million in Q2 from $(10,208) million year-ago; net income was $1,588 million for Q2 and $1,139 million for the six months, driven primarily by a $2,958 million gain on extinguishment of debt. Total debt outstanding decreased to $35,000 million (debt, gross) with debt, net of adjustments, $34,632 million; borrower drew a $17,000 million bridge loan on June 30, 2025.
Liquidity and balance sheet: cash and equivalents $4,888 million; total assets $101,727 million; total equity $37,323 million. Material corporate actions: announced plan to separate into two public companies (expected mid-2026, subject to conditions) and contributed 70% interest in music catalog to a joint venture for $601 million proceeds. Remaining performance obligations totaled $10,530 million. Revolving receivables program amended to $5,000 million with $4,499 million derecognized receivables as of June 30, 2025.
Form 4 by Perrette Jean-Briac (Pres.&CEO, Global Streaming) for Warner Bros. Discovery (WBD).
On 08/01/2025 the filing reports a Series A Common Stock transaction with code F: disposition of 25,360 shares at $12.87 per share. Following the reported transaction, the reporting person beneficially owns 1,473,974 shares (direct).
The form is signed by Tara L. Smith by power of attorney on 08/05/2025. No derivative securities are reported in Table II.
FAQ
What is the current stock price of WARNER BROS DISCOVERY (WBD)?
What is the market cap of WARNER BROS DISCOVERY (WBD)?
