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 Dec 24	SellMex$606,609,227	David Zaslav	Individual	2,564,000	Mex$236.59
11 Nov 24	BuyMex$10,954,151	Gerhard Zeiler	Individual	58,000	Mex$188.86
13 May 24	BuyMex$13,951,055	Gerhard Zeiler	Individual	100,000	Mex$139.51

Insider Trading Volume

Insider Buying: WBD * insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of WBD *?
Owner Type	Number of Shares	Ownership Percentage
State or Government	2,041,377	0.0832%
Individual Insiders	31,540,147	1.29%
Private Companies	198,408,999	8.09%
General Public	694,226,646	28.3%
Institutions	1,526,947,928	62.2%

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

Top Shareholders

Top 25 shareholders own 51.69% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.2%	The Vanguard Group, Inc.	250,992,376	Mex$53.9b	0.97%	0.04%
8.08%	Advance Publications, Inc.	198,181,749	Mex$42.5b	0%	no data
6.8%	BlackRock, Inc.	166,751,952	Mex$35.8b	0.95%	0.03%
6.17%	State Street Global Advisors, Inc.	151,285,963	Mex$32.5b	4.06%	0.06%
3.89%	Harris Associates L.P.	95,450,949	Mex$20.5b	-8.69%	1.21%
2.26%	Geode Capital Management, LLC	55,450,490	Mex$11.9b	-0.48%	0.04%
1.27%	Invesco Capital Management LLC	31,161,077	Mex$6.7b	-11.4%	0.13%
1.16%	Sessa Capital IM, L.P.	28,410,428	Mex$6.1b	24.7%	11.25%
0.91%	Jericho Capital Asset Management L.P.	22,404,700	Mex$4.8b	0%	4.35%
0.89%	Manulife Asset Management	21,883,054	Mex$4.7b	-0.22%	0.17%
0.87%	EdgePoint Investment Group Inc.	21,396,719	Mex$4.6b	2.59%	1.18%
0.85%	Hotchkis and Wiley Capital Management, LLC	20,889,437	Mex$4.5b	1.6%	0.68%
0.83%	Northern Trust Global Investments	20,261,678	Mex$4.3b	0.45%	0.03%
0.78%	Contrarius Investment Management Ltd.	19,114,052	Mex$4.1b	7.39%	10.32%
0.76%	John Malone	18,580,326	Mex$4.0b	0%	no data
0.74%	UBS Asset Management AG	18,250,501	Mex$3.9b	-0.99%	0.02%
0.71%	Slate Path Capital LP	17,420,000	Mex$3.7b	0%	2.95%
0.64%	Charles Schwab Investment Management, Inc.	15,685,506	Mex$3.4b	4.58%	0.03%
0.63%	Morgan Stanley, Investment Banking and Brokerage Investments	15,449,051	Mex$3.3b	4.01%	0.02%
0.63%	Legal & General Investment Management Limited	15,397,030	Mex$3.3b	2.32%	0.03%
0.58%	BNY Asset Management	14,189,368	Mex$3.0b	1.52%	0.03%
0.55%	Invesco Ltd.	13,493,346	Mex$2.9b	-0.82%	0.04%
0.52%	JPMorgan Chase & Co, Brokerage and Securities Investments	12,641,829	Mex$2.7b	45.1%	0.06%
0.49%	Bank of America Corporation, Asset Management Arm	11,906,999	Mex$2.6b	-45.1%	0.04%
0.47%	Millennium Management LLC	11,476,965	Mex$2.5b	98.3%	0.1%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 03:41
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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. 26 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