| Report | Options implied | Actual move | Market was |
|---|---|---|---|
| May 6, 2026 | ±1.0% | -0.1% | over-priced |
| November 6, 2025 | ±2.9% | -1.5% | over-priced |
| August 7, 2025 | ±3.0% | -7.3% | under-priced |
| May 8, 2025 | ±3.8% | +5.3% | under-priced |
| November 7, 2024 | ±4.4% | +11.8% | under-priced |
| August 7, 2024 | ±6.0% | +1.9% | over-priced |
| May 9, 2024 | ±3.9% | +3.1% | over-priced |
| November 8, 2023 | ±5.3% | -19.0% | under-priced |
| Quarter | EPS (dil.) | Revenue | Net income |
|---|---|---|---|
| Q1 FY2026 | $-1.17 | $8.9B | $-2.9B |
| Q4 FY2025 | $-0.10 | $9.5B | $-247M |
| Q3 FY2025 | $-0.06 | $9.0B | $-143M |
| Q2 FY2025 | $0.63 | $9.8B | $1.6B |
Warner Bros. Discovery, Inc. Series A Common Stock (WBD) reports in 98 days, with the next report estimated for September 19, 2026. Across the last 8 reports, options priced an average ±3.8% earnings move while the stock actually moved 6.2% on average — the market has been roughly fair on WBD's earnings risk. Fundamentals into the print: EPS down 550.0% year-over-year, revenue down 1.0%. QuantLogix's live 5-factor engine currently reads WBD as a neutral at 46/100.
Implied move is derived from at-the-money option pricing; actual moves are close-to-close on report days. Next-report dates are estimates until confirmed by the company. Educational market analysis, not investment advice. Browse all signal scorecards →