Warner Bros. Discovery (WBD) Shares Outstanding (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Shares Outstanding (Entity) came in at $2.5 billion in Q2 2026, up 1.33% on a YoY basis from $2.5 billion in Q2 2025, and little changed quarter-over-quarter from $2.5 billion in Q1 2026.
Analysis
Warner Bros. Discovery (WBD) Shares Outstanding (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has reported Shares Outstanding (Entity) for 18 consecutive years, with $2.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Shares Outstanding (Entity) rose 1.33% year-over-year to $2.5 billion; the trailing twelve-month figure through Jun 2026 stood at $2.5 billion (up 1.33% YoY), and the FY2025 full-year result was $2.5 billion, up 1.06% from the prior year.
- Shares Outstanding (Entity) steadied at $2.5 billion in Q2 2026 per WBD's latest filing, from $2.5 billion in the prior quarter.
- Across five years, Shares Outstanding (Entity) topped out at $2.5 billion in Q2 2026 and bottomed at $591.0 million in Q1 2022.
- Historically, Shares Outstanding (Entity) has averaged $2.3 billion across 5 years, with a median of $2.4 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Shares Outstanding (Entity) slumped 41.2% in 2022, then jumped 312.18% in 2023.
- Over 5 years, Shares Outstanding (Entity) stood at $1.9 billion in 2022, then grew by 25.72% to $2.4 billion in 2023, then increased by 0.62% to $2.5 billion in 2024, then gained by 1.06% to $2.5 billion in 2025, then gained by 1.13% to $2.5 billion in 2026.
- According to Business Quant data, Shares Outstanding (Entity) over the past three periods registered $2.5 billion, $2.5 billion, and $2.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.72 Bn | 67.35 Bn | 4.10 Bn | 2.51 Bn |
| 2 | Fox | 25.12 Bn | 20.92 Bn | - | 431.00 Mn |
| 3 | Paramount Skydance | 11.97 Bn | 8.70 Bn | -2.08 Bn | 1.10 Bn |
| 4 | Versant Media | 5.38 Bn | 3.90 Bn | 994.00 Mn | 140.71 Mn |
| 5 | Nexstar Media | 5.15 Bn | 4.94 Bn | 1.06 Bn | 30.62 Mn |
| 6 | Newsmax | 1.39 Bn | 1.34 Bn | 23.33 Mn | 128.51 Mn |
| 7 | AMC Global Media | 520.06 Mn | 56.06 Mn | 258.71 Mn | 43.02 Mn |
| 8 | Gray Media | 470.89 Mn | 294.89 Mn | 270.00 Mn | 98.00 Mn |
| 9 | Starz Entertainment | 435.29 Mn | 333.19 Mn | - | 16.80 Mn |
| 10 | E.W. Scripps | 296.07 Mn | 283.02 Mn | 196.33 Mn | 92.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.51 Bn |
| Mar 31, 2026 | 2.49 Bn |
| Dec 31, 2025 | 2.48 Bn |
| Sep 30, 2025 | 2.48 Bn |
| Jun 30, 2025 | 2.48 Bn |
| Mar 31, 2025 | 2.46 Bn |
| Dec 31, 2024 | 2.45 Bn |
| Sep 30, 2024 | 2.45 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Mar 31, 2024 | 2.44 Bn |
| Dec 31, 2023 | 2.44 Bn |
| Sep 30, 2023 | 2.44 Bn |
| Jun 30, 2023 | 2.44 Bn |
| Mar 31, 2023 | 2.43 Bn |
| Dec 31, 2022 | 1.94 Bn |
| Sep 30, 2022 | 2.43 Bn |
| Jun 30, 2022 | 2.29 Bn |
| Mar 31, 2022 | 591.00 Mn |
| Dec 31, 2021 | 503.00 Mn |
| Sep 30, 2021 | 506.00 Mn |