Warner Bros. Discovery Inc.

Warner Bros. Discovery Inc., formed in 2022 through the merger of WarnerMedia and Discovery, is a global media company offering diverse content across film, television, and digital platforms. It generates revenue through content production, licensing, advertising, and subscription streaming services such as HBO Max and Discovery+. Under the leadership of CEO David Zaslav, the company leverages renowned brands like HBO, Warner Bros. Pictures, CNN, and Discovery Channel to maintain a competitive edge. Its forward-looking strategy focuses on expanding international streaming services, optimizing operations, and investing in original, high-quality content.

WBD maintains a stock repurchase program; in February 2020 the board authorized additional stock repurchases of up to $2,000 million upon completion of the existing $1,000 million authorization announced in May 2019, but there were no common stock repurchases during 2025, 2024, or 2023.