Warner Bros. Discovery, also known as WBD, is a publicly owned entity headquartered in New York City, United States. Formed on April 8, 2022, from WarnerMedia's spin-off by AT&T and its subsequent merger with Discovery, Inc., the company employs approximately 35,500 individuals and reported $37.3B in revenue as of 2025. As an entertainment provider, its properties are divided into two divisions: Streaming & Studios, which encompasses Warner Bros. studios, HBO, DC Entertainment, and the company's streaming services, and Global Linear Networks, which consists of advertising-supported cable networks inherited from predecessors Discovery (including Discovery Channel), Scripps Networks Interactive (including HGTV), and Turner Broadcasting System (including Cartoon Network, CNN, TBS, and TNT). This division also includes Warner Bros. Discovery International, overseeing broadcasting operations outside the United States. Its subsidiaries include Ole Distribution, WBD Networks (Discovery), WBD Studios, Warner Bros. Discovery Ad Sales, and Warner Bros. Discovery Direct-to-Consumer.
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