Warner Bros. Discovery, Inc.

Warner Bros. Discovery is a global media and entertainment company that creates and distributes entertainment content. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming unit provides direct-to-consumer and premium television services such as HBO Max and discovery+. The Studios division produces and licenses feature films, television shows, interactive video games, and consumer merchandise. The Global Linear Networks segment runs domestic and international television channels focused on entertainment, news, and sports. Its customers include individual viewers, digital subscribers, moviegoers, advertisers, and third-party television distributors.

The enterprise maintains an international presence, offering streaming services across more than one hundred markets in Europe, Latin America, Australia, and Asia. Its streaming subscriber base totals 131.6 million, and its television networks draw over 140 million monthly viewers. The company employs roughly 35,500 people, with 48 percent located in the United States and 52 percent based abroad. The provided text does not state the location of the corporate headquarters.

Summary of the business section of Warner Bros. Discovery's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, we had approximately 35,500 employees, including full-time and part-time employees of our wholly-owned subsidiaries and consolidated ventures, with 48% located in the U.S.”