Warner Bros. Discovery (MIL:1WBD) Net Margin %: -32.79% (As of Mar. 2026)


MIL:1WBD Warner Bros. Discovery Inc MIL:1WBD
29 GF Score
Price €23.60
GF Value €8.63
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Warner Bros. Discovery Net Margin %?

Warner Bros. Discovery MIL:1WBD -1.48% 29 Net Margin % is -32.79% as of Mar. 2026. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Media - Diversified companies, Warner Bros. Discovery ranks worse than 64.06% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Warner Bros. Discovery's Net Income for the three months ended in Mar. 2026 was €-2,522 Mil. Warner Bros. Discovery's Revenue for the three months ended in Mar. 2026 was €7,692 Mil. Therefore, Warner Bros. Discovery's net margin for the quarter that ended in Mar. 2026 was -32.79%.

The historical rank and industry rank for Warner Bros. Discovery's Net Margin % or its related term are showing as below:

MIL:1WBD' s Net Margin % Range Over the Past 10 Years
Min: -28.77   Med: 3.79   Max: 18.57
Current: -4.67


MIL:1WBD's Net Margin % is ranked worse than
64.06% of 1024 companies
in the Media - Diversified industry
Industry Median: 1.225 vs MIL:1WBD: -4.67

Warner Bros. Discovery  (MIL:1WBD) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Warner Bros. Discovery Net Margin % Related Terms


Warner Bros. Discovery Net Margin % Historical Data

* Premium members only.

The historical data trend for Warner Bros. Discovery's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Warner Bros. Discovery Net Margin % Chart

Warner Bros. Discovery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.25 -21.80 -7.57 -28.77 1.95

Warner Bros. Discovery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.05 16.10 -1.64 -2.66 -32.79

MIL:1WBD vs LYV, FOXA, FWONA: Net Margin % Comparison

For the Entertainment subindustry, Warner Bros. Discovery's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Warner Bros. Discovery Net Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Net Margin % distribution charts can be found below:

* The bar in red indicates where Warner Bros. Discovery's Net Margin % falls into.


MIL:1WBD
29GF Score
Warner Bros. Discovery Inc MIL:1WBD
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Bros. Discovery Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Warner Bros. Discovery's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=620.858/31850.784
=1.95 %

Warner Bros. Discovery's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-2522.34/7692.445
=-32.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -32.79% mean?
Warner Bros. Discovery (MIL:1WBD) has a Net Margin % of -32.79% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #656 out of 1024 companies in the Media - Diversified industry, placing it in the top 64.1%.
Is Warner Bros. Discovery's Net Margin % too high?
Warner Bros. Discovery's current Net Margin % is -32.79%. Based on the distribution chart, Warner Bros. Discovery ranks #656 out of 1024 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Warner Bros. Discovery has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's Net Margin % compare to LYV and FOXA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #656 out of 1024 companies for Net Margin %. This places Warner Bros. Discovery in the lower half of its industry. The industry median Net Margin % is 1.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Media - Diversified company?
The median Net Margin % among Media - Diversified companies is 1.23, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Warner Bros. Discovery and its competitors. For the Media - Diversified industry, the median Net Margin % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current Net Margin % is -32.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Bros. Discovery stock overvalued right now?
Based on GuruFocus' analysis, Warner Bros. Discovery (MIL:1WBD) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.63, compared to a current price of €23.60 — trading 173.5% above its estimated fair value. The current Net Margin % is -32.79%. Warner Bros. Discovery's overall GF Score™ is 29/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Warner Bros. Discovery (MIL:1WBD), the current Net Margin % is -32.79% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Warner Bros. Discovery (MIL:1WBD) Overvalued in 2026?

Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued. The current stock price of €23.60 is trading 173.5% above its estimated GF Value™ of €8.63. GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.

Key valuation signals for MIL:1WBD:

  • Net Margin %: -32.79%
  • GF Value™: €8.63 vs. price of €23.60 (173.5% above fair value)
  • GF Score™: 29/100 with 6 warning signs

No single metric tells the full story. See the MIL:1WBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warner Bros. Discovery Business Description

Address 230 Park Avenue South, New York, NY, USA, 10003
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
29GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.60
Price
€8.63
GF Value