Stocks股票 / Comm. Services / WBD
Warner Bros. Discovery · Comm. Services
WBD US listed · USD美股 · 美元
Warner Bros. Discovery, Inc.华纳兄弟探索公司
Large cap大盘 · $64B
Distressed困境股
Comm. Services
S&P 500标普500
$25.86
-$1.01 · -3.76%
52w low52周低 $10.76high高 $30.00
Strong name · wrong tape — wait for a base强势个股 · 趋势不利 — 等待筑底
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
Engine read引擎解读 · 2026-07-21
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-07-21MA Sell (7)MA Sell (100)Long-term Rising Trend
Momentum (RSI 14)动量（RSI 14）
39
Depressed偏低
vs 50-day average相对50日均线
-3.7% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-1.1% below下方
Long trend down长期向下
Trend strength (ADX)趋势强度（ADX）
18
No clear trend无明显趋势
Volatility波动率
51th percentile第51百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-08-0617days to go天后公布
Estimates being cut预期下调
Valuation估值
Roughly fair vs sector相对行业估值合理| Multiple指标 | WBD | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 88.22x | 34.57 | |
| P/E (forward)市盈率（预测） | 808.1x | — | — |
| P/B市净率 | 1.79x | 2.63 | |
| P/S市销率 | 1.72x | 1.70 | |
| Earnings yield盈利收益率 | 1.13% | 2.35 | |
| FCF yield自由现金流收益率 | 4.82% | 5.91 | |
| EV/EBITDA企业价值/EBITDA | 14.37x | 11.88 | |
| P/FCF市值/自由现金流 | 20.77x | 12.03 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 28.4%
Earnings per share每股收益
Free cash flow自由现金流
Operating margin营业利润率
2.0%
Net margin净利率
1.9%
FCF margin自由现金流利润率
11.6%
Balance-sheet quality财务体质 6/8
Bankruptcy risk: distress zone破产风险：警戒区
Return on equity股本回报率 2%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA4.38
Current ratio流动比率1.06
Capital allocation资本配置
Stock-based comp股权薪酬$769.0M
Share count change (1y)股数变化（1年）+1.1%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Communication Services (Equal-Weight) theme — #37 of 46 themes「通信服务（等权）」主题 — 46 个主题中第 37 位
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Short interest changed +13.0%空头仓位变动 +13.0%
Technical技术面
WBD lost its 200-day averageWBD 跌破200日均线
Options positioning期权持仓
as of last close截至上一收盘Market makers are net short gamma — price moves may amplify做市商净持有负伽玛，价格波动可能被放大
Expected daily move预期日波动
±2.31%
Expected weekly move预期周波动
±5.16%
Gamma flip伽玛翻转位
$27
25d risk reversal25d风险逆转
4.5%
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$265.4M net (0 buyers, 11 sellers)-$265.4M 净值（0 买家，11 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Soros Fund Management | B | Adding加仓 | 0.4% | 2026-03-31 |
| Sachem Head Capital | D | exitexit | 0.0% | 2026-03-31 |
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases). Last cycle was left-translated (topped early) — a bearish structural tell回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Jul 20, 2026
WBD lost its 200-day averageWBD 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $25.86.收盘跌破200日均线 — 经典的空头分界线。$25.86。
Jul 20, 2026
WBD broke down vs the marketWBD 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $25.86.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$25.86。
Jul 20, 2026
WBD daily MACD crossed downWBD 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $25.86.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$25.86。
Jul 13, 2026
WBD daily MACD crossed upWBD 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $27.09.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$27.09。
Jul 10, 2026
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 9, 2026
DOWNTREND → NEARING A HIGH下跌趋势 → 接近高点
TAKE PROFITS止盈
Jul 9, 2026
WBD StochRSI turned up from oversoldWBD StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $26.63.StochRSI重回20上方 — 下行动量趋缓的最早预警。$26.63。
Jul 6, 2026
WBD daily MACD crossed downWBD 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $26.12.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$26.12。
Jul 2, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Jul 2, 2026
WBD broke down vs the marketWBD 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $26.48.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$26.48。
Jul 1, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Showing the last 15 of显示最近15条，共 1828 signals条信号
Company profile公司档案
Warner Bros. Discovery, Inc.华纳兄弟探索公司
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Above market高于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 88.2× | 34.6× | 10% |
| P/E (forward)市盈率（预测） | 808.1× | — | — |
| Price / Book市净率 | 1.8× | 2.6× | 64% |
| Price / Sales市销率 | 1.7× | 1.7× | 44% |
| EV / EBITDAEV/EBITDA | 14.4× | 11.9× | 32% |
| Earnings yield盈利收益率 | 1.1% | 2.4% | 32% |
| Free-cash-flow yield自由现金流收益率 | 6.7% | 12.4% | 31% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
94/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
22/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
21/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
92/100 — stronger than most强于多数
Rank in sector行业内排名
#3 / 45
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -4.5% | -0.9% |
| 1 Month近1月 | -1.3% | -0.6% |
| 3 Months近3月 | -5.3% | +5.4% |
| 6 Months近6月 | -9.4% | +8.6% |
| Year to date年初至今 | -9.3% | +8.9% |
| 1 Year近1年 | +102.8% | +19.2% |
| 3 Years近3年 | +100.0% | +69.9% |
| 5 Years近5年 | -10.2% | +82.2% |
Trading information交易信息
Beta vs market贝塔
0.71
Volatility rank波动率分位
51th pctile
Short interest空头占比
3.0% of float
Market cap市值
$64B
EPS (trailing)每股收益
$0.29
Off 52-week high距52周高点
-13.7%
Volume vs normal成交量相对平常
2.0×
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $10.7B | $12.2B | $33.8B | $41.3B | $39.3B | $37.3B |
| EPS每股收益 | — | — | $-3.82 | $-1.28 | $-4.62 | $0.29 |
| Free cash flow自由现金流 | $2.3B | $2.4B | $3.3B | $6.2B | $4.4B | $3.1B |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | 11.4% | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% |
| FCF margin自由现金流利润率 | 21.9% | 19.9% | 9.8% | 14.9% | 11.3% | 8.3% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$37.3B
Net income净利润
$727M
Operating cash flow经营现金流
$4.3B
Total assets总资产
$100.1B
Shareholder equity股东权益
$35.9B
Shares outstanding总股本
2.48B
Returns & growth回报与增长
Return on equity股本回报率
2.0%
Return on assets资产回报率
0.7%
Revenue growth营收增速
-1.0%
Asset growth资产增速
-4.3%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Capital discipline: disciplined growth, returning cash资本纪律：增长克制、回报股东
- Balance sheet: Altman Z 0.86 — distress zone资产负债表：Altman Z 0.86——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
39
RSI (2-day)RSI（2日）
4
Trend strength (ADX)趋势强度（ADX）
18
Average daily range平均日波幅
2.2%
vs 20-day average相对20日均线
-3.4%
vs 50-day average相对50日均线
-3.7%
vs 200-day average相对200日均线
-1.1%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down — fresh downturn动能向下——刚刚转弱
3-day3日线
momentum down动能向下
Weekly周线
momentum down动能向下
Monthly月线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
38/100
All tracked signals全部跟踪信号
| Signal信号 | State状态 | Age距今 |
|---|---|---|
| Golden Cross (7/35) | quiet静默 | 1d |
| Golden Cross (21/100) | quiet静默 | 395d |
| Golden Cross (50/200) | quiet静默 | 380d |
| Death Cross (7/35) | quiet静默 | 15d |
| Death Cross (21/100) | quiet静默 | 99d |
| Death Cross (50/200) | quiet静默 | 421d |
| MA Buy (7) | quiet静默 | 8d |
| MA Buy (21) | quiet静默 | 4d |
| MA Buy (35) | quiet静默 | 4d |
| MA Buy (100) | quiet静默 | 3d |
| MA Sell (7) | ● active● 活跃 | 0d |
| MA Sell (21) | quiet静默 | 15d |
| MA Sell (35) | quiet静默 | 17d |
| MA Sell (100) | ● active● 活跃 | 0d |
| Pivot Bottom | quiet静默 | 458d |
| Pivot Top | quiet静默 | 234d |
| RSI-14 Oversold Entry | quiet静默 | 11d |
| RSI-14 Overbought Entry | quiet静默 | 224d |
| RSI-21 Oversold Entry | quiet静默 | 11d |
| RSI-21 Overbought Entry | quiet静默 | 224d |
| Double Bottom (Short-term) | quiet静默 | 3d |
| Double Bottom (Long-term) | quiet静默 | 3d |
| Double Top (Short-term) | quiet静默 | 16d |
| Double Top (Long-term) | quiet静默 | 316d |
| Bollinger Breakout Up | quiet静默 | 3d |
| Bollinger Breakout Down | quiet静默 | 37d |
| Short-term Rising Trend | quiet静默 | — |
| Short-term Falling Trend | quiet静默 | — |
| Long-term Rising Trend | ● active● 活跃 | 0d |
| Long-term Falling Trend | quiet静默 | — |
| Possible Runner (Momentum Breakout) | quiet静默 | 219d |
| 1-Day Return (cross-sectional rank → top/bottom gainers) | ● active● 活跃 | 0d |
| Strong 1-Day Move Flag | quiet静默 | — |
| Valuation cheapness percentile (0–1, higher = cheaper vs peers) | ● active● 活跃 | 0d |
| Undervalued — composite multiples in cheapest decile vs universe | quiet静默 | — |
| Overvalued — composite multiples in most expensive decile vs universe | quiet静默 | — |
| Insider Power (0–100) — quality-weighted Form-4 open-market trades (role × size × recency); 50 = neutral | ● active● 活跃 | 0d |
| Insider Buy signal — fires when Insider Power ≥ 60 (net buying on quality-weighted basis) | quiet静默 | — |
| Insider Sell signal — fires when Insider Power ≤ 40 (net selling on quality-weighted basis) | ● active● 活跃 | 0d |
| Ichimoku — Price Above Cloud | ● active● 活跃 | 0d |
| Ichimoku — Price Below Cloud | quiet静默 | — |
| Ichimoku — Bullish TK Cross (Tenkan crosses above Kijun) | quiet静默 | 4d |
| Ichimoku — Bearish TK Cross (Tenkan crosses below Kijun) | quiet静默 | 8d |
| Ichimoku — Cloud Breakout Up (Price crosses above Kumo) | quiet静默 | 3d |
| Ichimoku — Cloud Breakdown (Price crosses below Kumo) | quiet静默 | 22d |
| Trend Ribbon — Uptrend State | quiet静默 | — |
| Trend Ribbon — Downtrend State | ● active● 活跃 | 0d |
| Trend Ribbon — Flip to Uptrend | quiet静默 | 161d |
| Trend Ribbon — Flip to Downtrend | ● active● 活跃 | 0d |
| RSI Stack (7/14/21) — All Three Curling Up | quiet静默 | 1d |
| RSI Stack (7/14/21) — All Three Curling Down | ● active● 活跃 | 0d |
| RSI Stack (7/14/21) — All Three at or Below 30 | quiet静默 | — |
| RSI Stack (7/14/21) — All Three at or Above 80 (reference band) | quiet静默 | — |
| Bollinger Upper Band Rejection (Wick above, Close below) | quiet静默 | 4d |
| Bollinger Lower Band Reclaim (Wick below, Close above) | quiet静默 | 36d |
| Bollinger Band Walk Up (Close above upper band ≥ 3 of last 5 bars) | quiet静默 | — |
| Bollinger Band Walk Down (Close below lower band ≥ 3 of last 5 bars) | quiet静默 | — |
| MACD bullish cross | quiet静默 | 4d |
| MACD bearish cross | quiet静默 | 11d |
| RSI crosses above 50 | quiet静默 | 4d |
| RSI crosses below 50 | quiet静默 | 17d |
| Stochastic-RSI bullish cross | quiet静默 | 8d |
| Stochastic-RSI bearish cross | quiet静默 | 1d |
| Bi-weekly Stochastic-RSI bullish cross | quiet静默 | 427d |
| Golden Star (7/35) — three-entity cross with price gate | quiet静默 | 144d |
| Golden Star (21/100) — three-entity cross with price gate | quiet静默 | 4488d |
| Golden Star (50/200) — three-entity cross with price gate | quiet静默 | — |
| Death Star (7/35) — bearish three-entity cross with price gate | quiet静默 | 10d |
| Death Star (21/100) — bearish three-entity cross with price gate | quiet静默 | 625d |
| Death Star (50/200) — bearish three-entity cross with price gate | quiet静默 | 7428d |
| New Golden Star — freshly fired Golden Star (7/35), age ≤ 1 trading day | quiet静默 | 143d |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
10
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
+9352.7%
Net upgrades, 30 days净上调（30天）
+2
Analyst view分析师观点
Forward P/E预测市盈率
808.1×
Profit margin净利率
-4.7%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$28
Put wall看跌期权墙
$25
Gamma flip伽玛翻转位
$27
Upside magnet上方磁吸位
$29
Downside magnet下方磁吸位
$25
Net dealer gamma做市商净伽玛
-$0.0B
Distance to flip距翻转位
-4.7%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
0%
25-delta risk reversal25-delta风险逆转
+4.5%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Soros Fund Management | B | Adding增持 | 0.4% | $30M |
| Sachem Head Capital | D | Exited清仓 | 0.0% | $230M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
2
Buying vs selling买入vs卖出
1 : 1
Quarterly trend季度趋势
{'direction': 'distributing', 'n_quarters': 14, 'holders_first': 1, 'holders_last': 0, 'holders_delta': -1, 'value_change_pct': -100.0, 'from_period': '2023-03-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2023-05-12', 'holders_series': [1, 2, 1, 2, 1, 0, 0, 2, 1, 1, 2, 2, 1, 0]}{'direction': 'distributing', 'n_quarters': 14, 'holders_first': 1, 'holders_last': 0, 'holders_delta': -1, 'value_change_pct': -100.0, 'from_period': '2023-03-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2023-05-12', 'holders_series': [1, 2, 1, 2, 1, 0, 0, 2, 1, 1, 2, 2, 1, 0]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$265.4M
Insider buyers vs sellers内部人买家vs卖家
0 : 11
Short interest空头占流通盘
3.0%
Days to cover回补天数
3.0
Short interest change空头变化
+13.0%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Feb · 80%
Weakest month最弱月份
Mar · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 40% | -0.7% | 5 |
| Feb2月 | 80% | +2.4% | 5 |
| Mar3月 | 0% | -2.5% | 5 |
| Apr4月 | 0% | -16.1% | 5 |
| May5月 | 50% | +3.5% | 6 |
| Jun6月 | 33% | -1.1% | 6 |
| Jul7月 | 67% | +11.9% | 6 |
| Aug8月 | 20% | -8.3% | 5 |
| Sep9月 | 40% | -12.3% | 5 |
| Oct10月 | 40% | -0.9% | 5 |
| Nov11月 | 80% | +7.1% | 5 |
| Dec12月 | 80% | +2.4% | 5 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
- Jul: +1.8% avg, up 43% of years (n=21)7月：平均 +1.8%，43% 的年份上涨（n=21）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。