WallStSmart
WBD

Warner Bros Discovery Inc

NASDAQ: WBD · COMMUNICATION SERVICES · ENTERTAINMENT

$27.05
+0.00% today

Updated 2026-04-30

Market cap
$67.81B
P/E ratio
93.28
P/S ratio
1.82x
EPS (TTM)
$0.29
Dividend yield
—
52W range
$8 – $30
Volume
24.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Warner Bros Discovery Inc (WBD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$27.05
Consensus
$23.78
-12.09%
2030 Target
$191.24
+606.99%
DCF
$71.45
+60.83% MoS
21 analysts:
1 Buy14 Hold2 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 identified in available data. Most recent guidance implicit in analyst consensus showing modest revenue growth of 1.2% (2026) and 1.6% (2027), with analyst projections capping 2026 revenue at $37.73B and 2027 at $38.34B. Management focus appears to be on the pending Paramount Skydance acquisition (shareholder vote scheduled April 23, 2026), which will materially alter the revenue profile if approved.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$319.64
$40.4B Rev × 20x P/S
Base case (2030)
$191.24
$40.4B Rev × 12x P/S
Bear case (2030)
$128.40
$40.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$41.3B$39.3B$37.3B$37.7B$38.3B$39.0B$39.7B$40.4B
Revenue growth—-4.8%-5.1%1.2%1.6%1.8%1.8%1.9%
EPS$-1.26$-0.75$0.29$-0.13$-0.11$0.05$0.15$0.25
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$180.31$183.04$185.78$188.51$191.24

Catalysts & risks

Growth catalysts
+ Paramount Skydance acquisition closure (expected mid-2026) would add ~$28.9B revenue, creating $66B+ combined entity
+ Streaming profitability inflection as Max/HBO Max subscriber monetization improves
+ Film slate recovery post-2025 (Oscar wins suggest content quality momentum)
Key risks
- Pending acquisition creates severe uncertainty; standalone WBD projections may become moot if deal closes
- Secular cord-cutting and streaming competition pressure (Netflix, Disney, YouTube dominating ad revenue)
- Negative revenue trajectory 2023-2025 (-4.84% to -5.15% YoY) indicates structural headwinds
- EPS severely depressed (TTM: $0.29, forecasted 2026: -$0.13, 2027: -$0.11) signals profitability crisis
- High leverage ($32.6B debt) limits strategic flexibility and dividend capacity

Methodology

Warner Bros Discovery Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.