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
03 Mar 25	Buy€188,556	Samuel Di Piazza	Individual	17,346	€10.87
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: 1WBD 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	2,466,067	0.1%
Individual Insiders	37,588,806	1.53%
Private Companies	198,201,146	8.07%
General Public	594,528,483	24.2%
Institutions	1,621,979,835	66.1%

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

Top Shareholders

Top 25 shareholders own 53.98% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.3%	The Vanguard Group, Inc.	252,650,791	€2.6b	0.66%	0.04%
8.07%	Advance Publications, Inc.	198,181,749	€2.0b	0%	no data
6.94%	BlackRock, Inc.	170,297,285	€1.7b	2.13%	0.03%
6.37%	State Street Global Advisors, Inc.	156,449,121	€1.6b	3.41%	0.06%
3.89%	Harris Associates L.P.	95,518,508	€971.5m	0.07%	1.27%
2.34%	Geode Capital Management, LLC	57,441,931	€584.2m	3.59%	0.04%
1.47%	UBS Asset Management AG	36,185,620	€368.0m	98.3%	0.03%
1.4%	Norges Bank Investment Management	34,267,713	€348.5m	207%	0.03%
1.22%	Invesco Capital Management LLC	29,905,582	€304.2m	-4.03%	0.12%
1.16%	Sessa Capital IM, L.P.	28,410,428	€289.0m	0%	12.07%
0.97%	Slate Path Capital LP	23,801,000	€242.1m	36.6%	4.81%
0.96%	Manulife Asset Management	23,608,829	€240.1m	7.89%	0.19%
0.94%	Northern Trust Global Investments	22,996,874	€233.9m	13.5%	0.03%
0.91%	Jericho Capital Asset Management L.P.	22,404,700	€227.9m	0%	3.55%
0.88%	EdgePoint Investment Group Inc.	21,536,172	€219.0m	0.65%	1.18%
0.83%	Hotchkis and Wiley Capital Management, LLC	20,487,078	€208.4m	-1.93%	0.67%
0.76%	John Malone	18,580,326	€189.0m	0%	no data
0.67%	Charles Schwab Investment Management, Inc.	16,547,162	€168.3m	5.49%	0.03%
0.67%	Morgan Stanley, Investment Banking and Brokerage Investments	16,420,866	€167.0m	6.29%	0.02%
0.65%	Contrarius Investment Management Ltd.	15,982,000	€162.6m	-16.4%	10.71%
0.57%	BNY Asset Management	13,921,760	€141.6m	-1.89%	0.03%
0.52%	Citigroup Inc.,Banking and Securities Investments	12,873,361	€130.9m	40.9%	0.11%
0.51%	Invesco Ltd.	12,561,846	€127.8m	-6.9%	0.04%
0.5%	Legal & General Investment Management Limited	12,279,729	€124.9m	-1.59%	0.03%
0.48%	BNP Paribas Arbitrage Sa, Asset Management Arm	11,787,083	€119.9m	0%	0.09%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/28 09:58
End of Day Share Price	2025/03/28 00:00
Earnings	2024/12/31
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

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 64 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
Pierre-Marie D'Ornano	Arete Research Services LLP
Andrew Charles Beale	Arete Research Services LLP
Joseph Bonner	Argus Research Company