Warner Bros. Discovery Ownership

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

Recent Insider Transactions

BMV:WBD * Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Mar 26	SellMex$17,102,074	Fazal Merchant	Individual	35,000	Mex$488.63
16 Mar 26	SellMex$291,791,461	Paul Gould	Individual	600,000	Mex$486.32
16 Mar 26	SellMex$321,363,048	Jean-Briac Perrette	Individual	659,120	Mex$487.56
10 Mar 26	SellMex$10,439,925	Priya Aiyar	Individual	21,408	Mex$487.66
09 Mar 26	SellMex$20,621,059	Bruce Campbell	Individual	41,784	Mex$493.52
04 Mar 26	SellMex$295,171,646	Gerhard Zeiler	Individual	600,000	Mex$491.95
04 Mar 26	SellMex$320,197,056	Gunnar Wiedenfels	Individual	645,770	Mex$495.99
04 Mar 26	SellMex$432,776,553	Bruce Campbell	Individual	880,340	Mex$491.60
03 Mar 26	SellMex$37,463,674	Amy Girdwood	Individual	75,030	Mex$499.32
03 Mar 26	SellMex$111,563,596	Priya Aiyar	Individual	223,512	Mex$499.14
03 Mar 26	SellMex$2,000,043,091	David Zaslav	Individual	4,004,149	Mex$499.49
03 Mar 26	SellMex$8,178,653	Richard Fisher	Individual	16,345	Mex$500.38
31 Oct 25	SellMex$92,800,396	Gunnar Wiedenfels	Individual	222,210	Mex$417.62
12 Aug 25	BuyMex$65,847,175	Anton Levy	Individual	325,000	Mex$204.03
30 Jun 25	SellMex$20,687,445,400	Advance Publications, Inc.	Company	100,000,000	Mex$206.87

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of WBD *?
Owner Type	Number of Shares	Ownership Percentage
State or Government	2,736,243	0.11%
Individual Insiders	28,264,784	1.14%
Private Companies	98,182,019	3.96%
General Public	552,945,586	22.3%
Institutions	1,798,885,919	72.5%

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	Mex$138.9b	0.7%	0.1%
7.81%	BlackRock, Inc.	193,825,639	Mex$95.1b	5.02%	0.07%
5.28%	State Street Global Advisors, Inc.	131,066,834	Mex$64.3b	-17.2%	0.11%
3.96%	Advance Publications, Inc.	98,181,749	Mex$48.2b	0%	no data
3.18%	Harris Associates L.P.	78,854,809	Mex$38.7b	-17.8%	2.34%
2.68%	Geode Capital Management, LLC	66,597,575	Mex$32.7b	1.57%	0.1%
1.95%	UBS Asset Management AG	48,391,940	Mex$23.7b	15.5%	0.11%
1.86%	Pentwater Capital Management LP	46,075,000	Mex$22.6b	70.3%	12.38%
1.84%	Sessa Capital IM, L.P.	45,565,629	Mex$22.4b	-9.99%	26.27%
1.58%	The Goldman Sachs Group, Inc.	39,290,140	Mex$19.3b	754%	0.41%
1.57%	Norges Bank Investment Management	38,994,003	Mex$19.1b	45.6%	0.07%
1.03%	Millennium Management LLC	25,610,999	Mex$12.6b	419%	0.47%
0.98%	FMR LLC	24,238,035	Mex$11.9b	-34.1%	0.04%
0.92%	Northern Trust Global Investments	22,797,285	Mex$11.2b	-2.98%	0.08%
0.88%	Invesco Capital Management LLC	21,836,799	Mex$10.7b	-28.6%	0.17%
0.78%	Charles Schwab Investment Management, Inc.	19,452,808	Mex$9.5b	1.88%	0.07%
0.74%	Hotchkis and Wiley Capital Management, LLC	18,344,401	Mex$9.0b	0%	1.34%
0.73%	John Malone	18,061,775	Mex$8.9b	0%	no data
0.73%	Dimensional Fund Advisors LP	18,041,885	Mex$8.8b	-4.14%	0.07%
0.61%	Legal & General Investment Management Limited	15,045,260	Mex$7.4b	5.32%	0.08%
0.56%	Eaton Vance Management	13,946,174	Mex$6.8b	8.89%	0.08%
0.54%	Morgan Stanley	13,304,256	Mex$6.5b	0.5%	0.03%
0.53%	Amundi Asset Management SAS	13,165,666	Mex$6.5b	-18.1%	0.06%
0.52%	BNY Asset Management	12,982,023	Mex$6.4b	-0.01%	0.06%
0.51%	Independent Franchise Partners, LLP	12,697,174	Mex$6.2b	-3.13%	1.65%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/30 16:57
End of Day Share Price	2026/03/27 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 51 analysts. 22 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