Warner Bros. Discovery stock holds near $28.88 on deal risk
Published on 08/28/2026 at 22:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Warner Bros. Discovery, Inc. (US9344231041) traded at $28.88 on August 28, 2026, after a 0.40% move from the prior close and with a $72.08 billion market cap attached to the latest quote snapshot. The same session also leaves the shares just under the 52-week high of $30.00 and well above the 52-week low of $11.25.
Deal dispute still sets the tone
The main catalyst remains the $110 billion Paramount Skydance transaction, with a report on August 17, 2026, saying Paramount asked 12 states for a settlement while seeking a $1.88 billion bond from the same group. Another report on August 22, 2026, said California Governor Gavin Newsom would prefer a settlement if it is a good deal, keeping the legal path to closing in view.
The numbers behind the dispute matter for WBD holders because the ticking fee was described as about $650 million per quarter, and the delay could stretch the total burden beyond $1.9 billion if the fight runs into June 2027. That makes the legal timetable more important than the usual day-to-day trading noise.
Latest reported figures
The most recent quarter visible in the quote data is June 30, 2026, and it shows revenue of $36.12 billion over the trailing 12 months, EBITDA of $7.79 billion, and net income attributable to common shareholders of minus $3.17 billion. Quarterly revenue growth was minus 11.20%, while quarterly earnings growth was minus 90.60%, a reminder that the stock's rerating has come before any clean turnaround in reported profitability.
Balance-sheet pressure also stays visible in the same data set, with total debt at $32.02 billion, total cash at $3.41 billion, and a current ratio of 0.78. Against that backdrop, the $28.88 share price sits above the 200-day moving average of $27.12 and the 50-day moving average of $26.90.
What the chart says
WBD's latest quote also shows average volume of 22.49 million shares over three months and 17.77 million over 10 days, so the stock is still trading with enough liquidity for active institutional interest. The 52-week change stands at 148.11%, which is a far bigger move than the S&P 500's 19.67% gain over the same frame in the quoted data.
That gap is the main story for investors: the shares have already repriced sharply, but the merger dispute, leverage and earnings trend still shape whether that move holds.
Studio library
Warner Bros. Discovery's film and streaming mix still runs through one of Hollywood's most recognizable catalogs, including the Warner Bros. studio, HBO programming and the DC franchise. Those assets give the company leverage in any break-up, merger or licensing discussion even as the market keeps watching the legal process.
Price level
Warner Bros. Discovery shares were at $28.88 as of August 28, 2026, in the latest quote snapshot tied to the NASDAQ listing. The same data set places the market cap at $72.08 billion and the session move at plus 0.40%.
Fact box
Company: Warner Bros. Discovery, Inc.
ISIN: US9344231041
Ticker: WBD
Exchange: NASDAQ
Sector / Industry: Communication Services / Entertainment
Index membership: S&P 500
Price (as of August 28, 2026, 11:17 a.m. ET): $28.88 USD
Market cap: $72.08 billion (as of August 28, 2026)
