Warner Bros. Discovery stock holds near 52-week high after settlement
Published on 09/25/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Warner Bros. Discovery (ISIN US9344231041) stood at USD 30.84 on Nasdaq on September 24, 2026, just 0.26 percent below its 52-week high of USD 30.92. The key development came on September 21, when Reuters reported that Paramount Skydance and Warner Bros. Discovery reached a settlement with California and 11 other states over the proposed merger.
Settlement clears a major hurdle
The agreement was described as part of a USD 110 billion buyout and dissolves the July 24, 2026 No-Close Order, allowing the companies to proceed without an admission of liability or wrongdoing under the Clayton Act. The settlement therefore shifts the central question from whether the transaction can advance to how the combined media business would operate.
The terms also create measurable obligations. The merged company must release at least 30 theatrical films annually during the first two years and 32 films annually during the following three years, while spending at least USD 300 million more each year on domestic film production than in 2025, according to Reuters.
Operating results remain mixed
The latest reported quarter ended June 30, 2026. Warner Bros. Discovery generated revenue of USD 8.72 billion, down 11.2 percent from the same quarter a year earlier, while EPS reached USD 0.06 versus USD 0.63 in the prior-year period, according to MarketBeat.
EPS nevertheless exceeded the USD 0.14 consensus loss by USD 0.20, while revenue missed the USD 9.25 billion estimate. The contrast is important for investors: the merger has improved the strategic backdrop, but the standalone operating picture still includes declining revenue and a negative net margin of 8.77 percent.
Analyst target moves to USD 31
On September 22, 2026, Morgan Stanley raised its Warner Bros. Discovery price target from USD 29 to USD 31 and maintained an Equal Weight rating, MarketBeat reported. The target remains close to the September 24 market price, while the broader consensus cited by the same report was Hold with a USD 28.34 target.
Warner Bros. Discovery had a market capitalization of USD 77,320,095,890 and trading volume of 45,934,291 shares on September 24, 2026. The share price was USD 0.08 above the prior close of USD 30.76, a daily gain of 0.26 percent.
Warner Bros. Discovery stock facts
- Company: Warner Bros. Discovery, Inc.
- ISIN: US9344231041
- Ticker: WBD
- Trading venue: Nasdaq
- Price (as of September 24, 2026): USD 30.84
- Market capitalization: USD 77,320,095,890 (as of September 24, 2026)
- 52-week range: USD 17.08-30.92 (as of September 24, 2026)
- Sector / Industry: Communication Services / Entertainment
