Warner Bros. Discovery Ownership

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

Recent Insider Transactions

BIT:1WBD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
31 Oct 25	Sell€4,334,762	Gunnar Wiedenfels	Individual	222,210	€19.51
12 Aug 25	Buy€3,040,930	Anton Levy	Individual	325,000	€9.42
30 Jun 25	Sell€934,095,500	Advance Publications, Inc.	Company	100,000,000	€9.34
03 Mar 25	Buy€188,556	Samuel Di Piazza	Individual	17,346	€10.87

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 1WBD?
Owner Type	Number of Shares	Ownership Percentage
State or Government	2,737,293	0.11%
Individual Insiders	30,430,997	1.23%
Private Companies	98,181,749	3.96%
General Public	556,776,223	22.5%
Institutions	1,791,360,426	72.2%

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

Top Shareholders

Top 25 shareholders own 54.75% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	The Vanguard Group, Inc.	283,180,433	€6.7b	0.7%	0.09%
7.82%	BlackRock, Inc.	193,825,639	€4.6b	5.02%	0.07%
5.29%	State Street Global Advisors, Inc.	131,066,834	€3.1b	-17.2%	0.11%
3.96%	Advance Publications, Inc.	98,181,749	€2.3b	0%	no data
3.87%	Harris Associates L.P.	95,960,593	€2.3b	0%	3.08%
2.69%	Geode Capital Management, LLC	66,597,575	€1.6b	1.57%	0.1%
2.04%	Sessa Capital IM, L.P.	50,624,148	€1.2b	0%	31.33%
1.95%	UBS Asset Management AG	48,391,940	€1.1b	15.5%	0.1%
1.58%	The Goldman Sachs Group, Inc.	39,290,140	€928.1m	754%	0.41%
1.57%	Norges Bank Investment Management	38,994,003	€921.1m	45.6%	0.07%
1.48%	FMR LLC	36,789,000	€869.0m	0%	0.05%
1.42%	Jericho Capital Asset Management L.P.	35,095,390	€829.0m	0%	10.99%
1.23%	Invesco Capital Management LLC	30,580,896	€722.3m	0%	0.23%
1.09%	Pentwater Capital Management LP	27,060,000	€639.2m	0%	11.79%
0.95%	Northern Trust Global Investments	23,496,725	€555.0m	0%	0.08%
0.78%	Charles Schwab Investment Management, Inc.	19,452,808	€459.5m	1.88%	0.07%
0.74%	Hotchkis and Wiley Capital Management, LLC	18,344,401	€433.3m	0%	1.33%
0.73%	John Malone	18,061,775	€426.6m	0%	no data
0.73%	Dimensional Fund Advisors LP	18,041,885	€426.2m	-4.14%	0.06%
0.65%	Amundi Asset Management SAS	16,081,920	€379.9m	0%	0.08%
0.61%	Legal & General Investment Management Limited	15,045,260	€355.4m	5.32%	0.08%
0.56%	Eaton Vance Management	13,946,174	€329.4m	8.89%	0.07%
0.54%	Morgan Stanley	13,304,256	€314.3m	0.5%	0.03%
0.53%	Independent Franchise Partners, LLP	13,107,132	€309.6m	0%	1.62%
0.52%	BNY Asset Management	12,982,023	€306.6m	-0.01%	0.06%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/16 20:55
End of Day Share Price	2026/02/16 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Warner Bros. Discovery, Inc. is covered by 53 analysts. 20 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