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
16 Mar 26	Sell€14,293,110	Paul Gould	Individual	600,000	€23.82
16 Mar 26	Sell€15,741,644	Jean-Briac Perrette	Individual	659,120	€23.88
16 Mar 26	Sell€837,728	Fazal Merchant	Individual	35,000	€23.94
10 Mar 26	Sell€511,968	Priya Aiyar	Individual	21,408	€23.91
09 Mar 26	Sell€1,002,713	Bruce Campbell	Individual	41,784	€24.00
04 Mar 26	Sell€14,456,639	Gerhard Zeiler	Individual	600,000	€24.09
04 Mar 26	Sell€15,682,310	Gunnar Wiedenfels	Individual	645,770	€24.29
04 Mar 26	Sell€21,196,122	Bruce Campbell	Individual	880,340	€24.08
03 Mar 26	Sell€1,827,941	Amy Girdwood	Individual	75,030	€24.36
03 Mar 26	Sell€5,443,451	Priya Aiyar	Individual	223,512	€24.35
03 Mar 26	Sell€97,586,813	David Zaslav	Individual	4,004,149	€24.37
03 Mar 26	Sell€399,056	Richard Fisher	Individual	16,345	€24.41
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

Insider Trading Volume

Insider Buying: 1WBD insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 1WBD?
Owner Type	Number of Shares	Ownership Percentage
State or Government	2,768,335	0.112%
Individual Insiders	25,745,857	1.04%
Private Companies	98,298,833	3.96%
General Public	554,035,464	22.3%
Institutions	1,800,166,062	72.6%

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

Top Shareholders

Top 25 shareholders own 53.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	The Vanguard Group, Inc.	283,180,433	€6.6b	0.7%	0.09%
7.81%	BlackRock, Inc.	193,825,639	€4.5b	5.02%	0.06%
5.28%	State Street Global Advisors, Inc.	131,066,834	€3.1b	-17.2%	0.1%
3.96%	Advance Publications, Inc.	98,181,749	€2.3b	0%	no data
3.18%	Harris Associates L.P.	78,854,809	€1.8b	-17.8%	2.21%
2.68%	Geode Capital Management, LLC	66,597,575	€1.6b	1.57%	0.09%
1.95%	UBS Asset Management AG	48,391,940	€1.1b	15.5%	0.1%
1.86%	Pentwater Capital Management LP	46,075,000	€1.1b	70.3%	10.18%
1.84%	Sessa Capital IM, L.P.	45,565,629	€1.1b	-9.99%	24.52%
1.58%	The Goldman Sachs Group, Inc.	39,290,140	€918.8m	754%	0.37%
1.57%	Norges Bank Investment Management	38,994,003	€911.8m	45.6%	0.06%
1.03%	Millennium Management LLC	25,610,999	€598.9m	419%	0.43%
0.98%	FMR LLC	24,238,035	€566.8m	-34.1%	0.03%
0.92%	Northern Trust Global Investments	22,797,285	€533.1m	-2.98%	0.07%
0.88%	Invesco Capital Management LLC	21,836,799	€510.6m	-28.6%	0.15%
0.78%	Charles Schwab Investment Management, Inc.	19,452,808	€454.9m	0%	0.07%
0.74%	Hotchkis and Wiley Capital Management, LLC	18,344,401	€429.0m	0%	1.29%
0.73%	John Malone	18,061,775	€422.4m	0%	no data
0.73%	Dimensional Fund Advisors LP	18,041,885	€421.9m	-4.14%	0.06%
0.61%	Legal & General Investment Management Limited	15,045,260	€351.8m	5.32%	0.07%
0.56%	Eaton Vance Management	13,946,174	€326.1m	8.89%	0.07%
0.54%	Morgan Stanley	13,304,256	€311.1m	0.5%	0.03%
0.53%	Amundi Asset Management SAS	13,165,666	€307.9m	-18.1%	0.06%
0.52%	BNY Asset Management	12,982,023	€303.6m	-0.01%	0.06%
0.51%	Independent Franchise Partners, LLP	12,697,174	€296.9m	-3.13%	1.54%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/21 03:56
End of Day Share Price	2026/04/21 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 52 analysts. 21 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
Joseph Bonner	Argus Research Company
Marla Backer	Ascendiant Capital Markets LLC