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Warner Bros. Discovery (WBD) Shares Outstanding (2016 - 2026)

Warner Bros. Discovery filings provide 17 years of Shares Outstanding readings, the most recent being $2.5 billion for Q4 2025.

  • On a quarterly basis, Shares Outstanding fell 7.6% to $2.5 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $2.5 billion, a 7.6% decrease, with the full-year FY2025 number at $2.5 billion, down 7.6% from a year prior.
  • Shares Outstanding hit $2.5 billion in Q4 2025 for Warner Bros. Discovery, roughly flat from $2.5 billion in the prior quarter.
  • In the past five years, Shares Outstanding ranged from a high of $2.7 billion in Q2 2025 to a low of $12.0 million in Q2 2021.
  • Median Shares Outstanding over the past 5 years was $2.7 billion (2022), compared with a mean of $2.1 billion.
  • Biggest five-year swings in Shares Outstanding: tumbled 98.32% in 2021 and later surged 22116.67% in 2023.
  • Warner Bros. Discovery's Shares Outstanding stood at $736.0 million in 2021, then surged by 261.41% to $2.7 billion in 2022, then increased by 0.34% to $2.7 billion in 2023, then grew by 0.56% to $2.7 billion in 2024, then fell by 7.6% to $2.5 billion in 2025.
  • The last three reported values for Shares Outstanding were $2.5 billion (Q4 2025), $2.5 billion (Q3 2025), and $2.7 billion (Q2 2025) per Business Quant data.