Warner Bros. Discovery Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BUL:J5A Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Dec 24	Sell€28,632,085	David Zaslav	Individual	2,564,000	€11.17
11 Nov 24	Buy€503,175	Gerhard Zeiler	Individual	58,000	€8.68
13 May 24	Buy€768,995	Gerhard Zeiler	Individual	100,000	€7.69

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of J5A?
Owner Type	Number of Shares	Ownership Percentage
State or Government	1,302,159	0.0535%
Individual Insiders	35,588,221	1.46%
Private Companies	198,383,445	8.15%
General Public	777,010,280	31.9%
Institutions	1,423,315,889	58.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 47.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.75%	The Vanguard Group, Inc.	213,074,622	€3.0b	20.9%	0.07%
8.14%	Advance Publications, Inc.	198,175,592	€2.7b	0%	no data
6.74%	BlackRock, Inc.	164,247,133	€2.3b	1.37%	0.05%
4.41%	State Street Global Advisors, Inc.	107,441,611	€1.5b	1.84%	0.08%
2.5%	Harris Associates L.P.	60,906,095	€843.8m	9.96%	1.11%
2.1%	Newport Trust Company, Asset Management Arm	51,205,017	€709.4m	15.4%	3.75%
1.96%	Geode Capital Management, LLC	47,773,479	€661.9m	1.46%	0.08%
1.29%	Hotchkis and Wiley Capital Management, LLC	31,343,923	€434.3m	-2.3%	1.72%
1.27%	The Baupost Group, L.L.C.	31,000,000	€429.5m	6.9%	7.1%
0.96%	Sessa Capital IM, L.P.	23,450,633	€324.9m	5.37%	21.23%
0.89%	Northern Trust Global Investments	21,719,629	€300.9m	-1.75%	0.06%
0.85%	Norges Bank Investment Management	20,698,555	€286.8m	0%	0.03%
0.76%	John Malone	18,537,281	€256.8m	0%	no data
0.71%	Deutsche Asset & Wealth Management	17,405,528	€241.1m	47.2%	0.01%
0.7%	Invesco Capital Management LLC	16,968,396	€235.1m	57.9%	0.17%
0.66%	BNY Mellon Asset Management	16,013,496	€221.9m	2.4%	0.05%
0.62%	FMR LLC	14,983,959	€207.6m	-1.34%	0.02%
0.56%	Legal & General Investment Management Limited	13,636,375	€188.9m	-6.46%	0.06%
0.55%	UBS Asset Management AG	13,497,703	€187.0m	2.15%	0.03%
0.53%	Dimensional Fund Advisors LP	13,006,791	€180.2m	-22.2%	0.04%
0.5%	Charles Schwab Investment Management, Inc.	12,294,627	€170.3m	-2.57%	0.04%
0.49%	Southeastern Asset Management, Inc.	12,002,947	€166.3m	-12.6%	4.04%
0.49%	Smead Capital Management, Inc.	11,908,000	€165.0m	19.8%	3.81%
0.41%	Morgan Stanley, Investment Banking and Brokerage Investments	10,082,139	€139.7m	-11.9%	0.03%
0.4%	Citadel Advisors LLC	9,642,141	€133.6m	4,350%	0.17%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/04/10 05:19
End of Day Share Price	2023/01/11 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Warner Bros. Discovery, Inc. is covered by 67 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Charles Beale	Arete Research Services LLP
Pierre-Marie D'Ornano	Arete Research Services LLP
Joseph Bonner	Argus Research Company