WBD Warner Bros. Discovery, Inc. - Series A Common Stock
$28.64
价格 · 八月 19, 2026
截至...的财报数据 八月 6, 2026
52周区间
$11–$30
93% of range
分析师评级
HOLD
25 analysts
目标价
$30
+4% upside
P/E (TTM)
109.0
ROE
2.1%
净利润率
1.9%
关于 Warner Bros. Discovery, Inc. - Series A Common Stock 公司概况（来自维基百科）
探索公司，原名探索传播，曾經是總部位於美國紐約市的一家跨國傳媒公司。創立於1982年，其主營業務包括廣播電台、互聯網和有線電視。 2022年4月8日，探索公司和華納兄弟合併組成華納兄弟探索公司。
阅读更多
探索公司（Discovery Inc.），原名探索传播（Discovery Communications），曾經是總部位於美國紐約市的一家跨國傳媒公司。創立於1982年，其主營業務包括廣播電台、互聯網和有線電視。 2022年4月8日，探索公司和華納兄弟合併組成華納兄弟探索公司。
探索傳播在全球涉及的29类网络娱乐品牌中有多于149个频道并涵盖39种语言，覆盖全球超过209个国家的超过18亿收看者。
2017年7月31日探索傳播以現金加股份形式收購同業Scripps Networks，Scripps股东每持有1股股份将获得90美元，其中包括63美元现金和价值27美元的Discovery C类普通股，交易价值约为119亿美元，包括Scripps的债务在内，该交易总价值146亿美元。
2021年5月17日，AT&T宣布将旗下华纳媒体剥离，和Discovery公司合并成立一家新公司。AT&T将会拿到价值430亿美金现金及债权等资产，AT&T的股东占新公司71%的股权，Discovery的股东则拥有剩下29%的股权，新公司合并订阅数为8000万人。合并后的新公司华纳兄弟探索于2022年4月8日正式成立，4月11日新公司开始在纳斯达克交易。
## 参见
探索頻道
動物星球頻道
旅遊生活頻道
来源：维基百科, CC BY-SA 4.0 · 在维基百科上查看 ↗
WBD 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围
价格
$28.64
市值
$78.37B
P/E (TTM)
109.0
每股收益 (TTM)
$0.29
营收 (TTM)
$37.30B
股息收益率
—
ROE
2.1%
负债/权益
0.0
52周区间
$11 – $30
WBD 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图
Configure
10年表现 收入、净利润、利润率和每股收益趋势
营收与净利润
$37.30B
2016-12-31
→
2025-12-31
EPS
$0.29
2020-12-31
→
2025-12-31
自由现金流
$3.09B
2016-12-31
→
2025-12-31
利润率
1.9%
估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？
指标
5年趋势
WBD
同行中位数
P/E (TTM)
109.0
126.0
P/S (TTM) (市销率 (TTM))
2.1
4.2
P/B (市净率)
2.2
5.0
EV / EBITDA (企业价值 / EBITDA)
11.5
—
Price / FCF (股价/自由现金流)
25.4
—
盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)
指标
5年趋势
WBD
同行中位数
Operating Margin (营业利润率)
2.0%
—
Net Profit Margin (净利润率)
1.9%
4.8%
ROA
0.71%
1.6%
ROE
2.1%
6.8%
ROIC
0.94%
—
财务健康 债务、流动性、偿付能力 — 资产负债表强度
指标
5年趋势
WBD
同行中位数
Debt / Equity (负债/股东权益比率)
0.0
65.1
Current Ratio (流动比率)
1.1
1.0
Quick Ratio (速动比率)
0.8
—
成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)
指标
5年趋势
WBD
同行中位数
Revenue YoY (营收同比增长)
-5.1%
—
Revenue CAGR 3Y (营收3年复合年增长率)
3.3%
—
Revenue CAGR 5Y (营收5年复合年增长率)
28.4%
—
资本效率 资产周转率、库存周转率、应收账款周转率
指标
5年趋势
WBD
同行中位数
WBD 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间
持有
25 位分析师
- 强烈买入 2 8.0%
- 买入 4 16.0%
- 持有 18 72.0%
- 卖出 1 4.0%
- 强烈卖出 0 0.0%
12个月价格目标
11 位分析师 · 2026-08-14
中位数
$31.00
平均值
$29.82
现在
$28.64
最低
$26.00
最高
$31.25
中位数目标
$31.00
+8.3%
平均目标
$29.82
+4.1%
收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期
平均惊喜
0.15%
| 期间 | EPS Actual | EPS 预期 | 惊喜 |
|---|---|---|---|
| 2026年6月30日 | $0.06 | $-0.14 | 0.20% |
| 2026年3月31日 | $-0.05 | $-0.07 | 0.02% |
| 2025年12月31日 | $-0.10 | $-0.03 | -0.07% |
| 2025年9月30日 | $-0.06 | $-0.04 | -0.02% |
| 2025年6月30日 | $0.63 | $-0.21 | 0.84% |
| 2025年3月31日 | $-0.18 | $-0.13 | -0.05% |
同行比较（GICS 子行业） 关键指标与行业同行对比
| 股票代码 | 市值 | P/E | 营收同比增长 | 净利润率 | ROE | 毛利率 |
|---|---|---|---|---|---|---|
| WBD | $71.47B | 99.4 | -5.1% | 1.9% | 2.1% | — |
| NFLX | $395.87B | 37.1 | 15.8% | 24.3% | 42.6% | — |
| DIS | $215.59B | 16.6 | 3.4% | 13.1% | 11.8% | — |
| LYV | $33.55B | -593.8 | 8.8% | 2.0% | 223.3% | — |
| TKO | — | 92.5 | -3.0% | 4.1% | 5.0% | — |
| FWONA | — | 67.7 | 22.7% | 12.4% | 7.5% | — |
| ROKU | $16.04B | 183.9 | 15.2% | 1.9% | 3.4% | 43.8% |
| WMG | — | — | 4.4% | 5.4% | 62.7% | — |
| MSGS | — | 1255.8 | 11.0% | 0.67% | -2.9% | — |
| SPHR | — | 128.5 | 79.0% | 2.7% | 1.5% | — |
| CNK | — | 22.3 | 2.1% | 4.4% | — | — |
完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表
损益表 15
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B | $11.14B | $10.55B | $6.87B | $6.50B | $6.39B | $6.26B | |
| Cost of Revenue | · | · | · | · | · | · | · | $3.94B | $2.66B | $2.43B | $2.34B | $2.12B | |
| SG&A Expense | $9.42B | $9.30B | $9.70B | $9.68B | $4.02B | $2.72B | $2.79B | $2.62B | $1.77B | $1.69B | $1.67B | $1.69B | |
| Operating Expenses | $36.56B | $49.35B | $42.87B | $41.19B | $10.18B | $8.16B | $8.13B | $8.62B | $6.16B | $4.44B | $4.41B | $4.20B | |
| Operating Income | $738M | $-10.03B | $-1.55B | $-7.37B | $2.01B | $2.52B | $3.01B | $1.93B | $713M | $2.06B | $1.99B | $2.06B | |
| Interest Expense | · | · | $2.22B | $1.78B | $633M | $648M | $677M | $729M | $475M | $353M | · | · | |
| Other Non-op | $65M | $150M | $-29M | $347M | $72M | $-34M | $-8M | $-120M | $-110M | $4M | $-97M | $-9M | |
| Pretax Income | $1.64B | $-11.39B | $-3.86B | $-8.96B | $1.43B | $1.73B | $2.29B | $1.02B | $-137M | $1.67B | $1.56B | $1.75B | |
| Income Tax | $890M | $94M | $-784M | $-1.66B | $236M | $373M | $81M | $341M | $176M | $453M | $511M | $610M | |
| Net Income | $727M | $-11.31B | $-3.13B | $-7.37B | $1.01B | $1.22B | $2.07B | $594M | $-337M | $1.19B | $1.03B | $1.14B | |
| EPS (Basic) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.55 | $1.82 | · | · | · | · | · | · | |
| EPS (Diluted) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.54 | $1.81 | · | · | · | · | · | · | |
| Shares (Basic) | 2,475,000,000 | 2,450,000,000 | 2,436,000,000 | 1,940,000,000 | 588,000,000 | 599,000,000 | · | · | · | · | · | · | |
| Shares (Diluted) | 2,530,000,000 | 2,450,000,000 | 2,436,000,000 | 1,940,000,000 | 664,000,000 | 672,000,000 | · | · | · | · | · | · | |
| EBITDA | $6.42B | $-3.00B | $6.44B | $-177M | $3.59B | $3.87B | $4.36B | $3.33B | $1.04B | $2.38B | $2.31B | $2.39B |
资产负债表 31
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.57B | $5.31B | $3.78B | $3.73B | $3.90B | $2.09B | $1.55B | $986M | $7.31B | $300M | $390M | $367M | |
| Receivables | $5.29B | $4.95B | $6.05B | $6.38B | $2.45B | $2.54B | $2.63B | $2.62B | $1.84B | $1.50B | $1.48B | $1.43B | |
| Inventory | · | · | · | · | $1M | · | · | · | · | · | · | · | |
| Prepaid Expense | $3.35B | $3.82B | $4.39B | $3.89B | $913M | $970M | $453M | $312M | $434M | $397M | $346M | $275M | |
| Other Current Assets | $1.95B | $2.06B | $2.28B | $2.11B | $913M | · | · | · | $343M | · | · | · | |
| Current Assets | $13.21B | $14.08B | $14.22B | $14.00B | $7.26B | $6.13B | $5.22B | $4.23B | $9.99B | $2.50B | $2.60B | $2.49B | |
| PP&E (Net) | $6.68B | $6.09B | $5.96B | $5.30B | $1.34B | $1.21B | $951M | $800M | $597M | $482M | $488M | $554M | |
| PP&E (Gross) | · | · | $8.70B | $6.79B | $2.52B | $2.28B | $2.10B | $1.99B | $1.90B | $1.61B | $1.56B | $1.54B | |
| Accum. Depreciation | $4.83B | $4.04B | $3.08B | $2.06B | $1.33B | $1.36B | $1.15B | $1.19B | $1.30B | $1.13B | $1.07B | $988M | |
| Goodwill | $25.93B | $25.67B | $34.97B | $34.44B | $12.91B | $13.07B | $13.05B | $13.01B | $7.07B | $8.04B | $8.16B | $8.24B | |
| Intangibles | $27.76B | $32.30B | $38.28B | $44.98B | $6.32B | $7.64B | $8.67B | $9.67B | $1.77B | $1.51B | $1.73B | $1.97B | |
| Other Non-current Assets | $7.38B | $7.33B | $8.10B | $8.63B | $2.77B | $2.10B | $2.15B | $835M | $576M | $490M | $289M | $101M | |
| Total Assets | $100.08B | $104.56B | $122.76B | $134.00B | $34.43B | $34.09B | $33.73B | $32.55B | $22.55B | $15.67B | $15.86B | $15.97B | |
| Accounts Payable | $1.09B | $1.05B | $1.26B | $1.45B | $412M | $397M | $463M | $325M | $277M | $241M | $282M | $225M | |
| Accrued Liabilities | $9.63B | $10.44B | $10.37B | $11.50B | $2.23B | $1.79B | $1.68B | $1.60B | $1.31B | $1.07B | $988M | $1.09B | |
| Short-term Debt | · | · | · | · | · | · | · | · | $0 | $48M | $93M | $229M | |
| Current Liabilities | $12.50B | $15.81B | $15.33B | $15.02B | $3.46B | $3.08B | $3.24B | $4.00B | $1.87B | $1.56B | $1.58B | $2.60B | |
| Capital Leases | $3.23B | $2.73B | $3.02B | $2.99B | $567M | $592M | $621M | · | · | · | · | · | |
| Deferred Tax | $6.38B | $6.99B | $8.74B | $11.01B | $1.23B | $1.53B | $1.69B | $1.81B | $319M | $467M | $556M | $588M | |
| Other Non-current Liabilities | $11.61B | $10.07B | $10.33B | $10.67B | $1.93B | $2.02B | $2.03B | $1.25B | $587M | $393M | $421M | $425M | |
| Total Liabilities | $62.92B | $69.62B | $76.28B | $85.33B | $21.03B | $21.70B | $21.77B | $22.03B | $17.53B | $10.26B | $10.17B | $9.62B | |
| Long-term Debt | $32.57B | $39.51B | $43.67B | $49.00B | $14.76B | $15.40B | $15.42B | $16.79B | $14.79B | $7.92B | $7.74B | $7.11B | |
| Total Debt | $139M | $2.75B | $1.78B | $365M | $339M | $335M | $609M | · | $0 | $48M | $93M | $229M | |
| Common Stock | $27M | $27M | $27M | $27M | · | · | · | · | · | · | · | · | |
| Paid-in Capital | $56.05B | $55.56B | $55.11B | $54.63B | $11.09B | $10.81B | $10.75B | $10.65B | $7.29B | $7.05B | $7.02B | $6.92B | |
| Retained Earnings | $-11.51B | $-12.24B | $-928M | $2.21B | $9.58B | $8.54B | $7.33B | $5.25B | $4.63B | $5.23B | $4.52B | $3.81B | |
| Treasury Stock | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $7.37B | $6.74B | $6.74B | $6.36B | $5.46B | $4.76B | |
| AOCI | $-407M | $-1.07B | $-741M | $-1.52B | $-830M | $-651M | $-822M | $-785M | $-585M | $-762M | $-633M | $-368M | |
| Stockholders' Equity | $35.92B | $34.04B | $45.23B | $47.09B | $11.60B | $10.46B | $9.89B | $8.39B | $4.61B | $5.17B | $5.45B | $5.60B | |
| Liabilities + Equity | $100.08B | $104.56B | $122.76B | $134.00B | $34.43B | $34.09B | $33.73B | $32.55B | $22.55B | $15.67B | $15.86B | $15.97B | |
| Shares Outstanding | 2,480,000,000 | 2,684,000,000 | 2,669,000,000 | 2,660,000,000 | 736,000,000 | 717,000,000 | · | · | · | · | · | · |
现金流 18
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5.68B | $7.04B | $7.99B | $7.19B | $1.58B | $1.36B | $1.35B | $1.40B | $330M | $322M | $330M | $329M | |
| Stock-based Comp | $769M | $557M | $500M | $412M | $178M | $110M | $142M | $80M | $39M | $69M | $35M | $78M | |
| Deferred Tax | $-710M | $-1.73B | $-2.34B | $-2.84B | $-511M | $-186M | $-504M | $-131M | $-199M | $-27M | $2M | $-181M | |
| Amort. of Intangibles | $4.61B | $5.93B | $6.85B | $6.24B | $1.30B | $1.10B | $1.10B | $1.20B | $180M | $183M | $192M | $198M | |
| Restructuring | $399M | $447M | $585M | $3.76B | $32M | $91M | $26M | $345M | $68M | $55M | $29M | $35M | |
| Other Non-cash | $-2.15B | $10.82B | $4.46B | $6.91B | $543M | $237M | $345M | $635M | $1.80B | $-185M | $-124M | $-47M | |
| Operating Cash Flow | $4.32B | $5.38B | $7.48B | $4.30B | $2.80B | $2.74B | $3.40B | $2.58B | $1.63B | $1.38B | $1.29B | $1.32B | |
| CapEx | $1.23B | $948M | $1.32B | $987M | $373M | $402M | $289M | $147M | $135M | $88M | $103M | $120M | |
| Investing Cash Flow | $-1.18B | $-349M | $-1.26B | $3.52B | $-56M | $-703M | $-438M | $-8.59B | $-633M | $-256M | · | · | |
| Debt Issued | $18.31B | $1.62B | $1.50B | $0 | $0 | $1.98B | $1.48B | $0 | $7.49B | $498M | $936M | $415M | |
| Net Debt Issued | $18.31B | $1.62B | $1.50B | $0 | $0 | $1.98B | $1.48B | $0 | $7.49B | $498M | $936M | $415M | |
| Stock Repurchased | · | · | · | · | · | · | · | $0 | $603M | $1.37B | $698M | $1.23B | |
| Net Stock Activity | · | · | · | · | · | · | · | $0 | · | · | $-698M | $-1.23B | |
| Financing Cash Flow | $-4.24B | $-3.75B | $-5.84B | $-7.74B | $-853M | $-1.55B | $-2.36B | $-283M | $5.95B | $-1.18B | · | · | |
| Net Change in Cash | $-846M | $1.10B | $389M | $25M | $1.78B | $570M | $566M | $-6.32B | $7.01B | $-90M | $23M | $-41M | |
| Taxes Paid | $1.93B | $1.11B | $1.44B | $1.03B | $643M | $641M | $562M | $389M | $274M | $527M | $653M | $686M | |
| Free Cash Flow | $3.09B | $4.43B | $6.16B | $3.32B | $2.42B | $2.34B | $3.11B | $2.43B | $1.49B | $1.28B | $1.17B | $1.20B | |
| Levered FCF | · | · | $4.39B | $1.87B | $1.90B | $1.83B | $2.46B | $1.94B | · | · | · | · |
盈利能力 7
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.0% | -25.5% | -3.8% | -21.8% | 16.5% | 23.6% | 27.0% | 18.3% | 10.4% | 31.7% | 31.0% | 32.9% | |
| Net Margin | 1.9% | -28.8% | -7.6% | -21.8% | 8.2% | 11.4% | 18.6% | 5.6% | -4.9% | 18.4% | 16.2% | 18.2% | |
| Pretax Margin | 4.4% | -29.0% | -9.3% | -26.5% | 11.8% | 16.2% | 20.6% | 9.7% | -2.0% | 25.7% | 24.4% | 27.9% | |
| EBITDA Margin | 17.2% | -7.6% | 15.6% | -0.52% | 29.5% | 36.3% | 39.1% | 31.6% | 15.2% | 36.6% | 36.2% | 38.1% | |
| ROA | 0.71% | -10.0% | -2.4% | -8.8% | 2.9% | 3.6% | 6.2% | 2.2% | -1.8% | 7.5% | 6.5% | 7.3% | |
| ROE | 2.1% | -28.5% | -6.8% | -25.1% | 9.1% | 12.0% | 22.6% | 9.1% | -6.9% | 22.5% | 18.7% | 19.3% | |
| ROIC | 0.94% | -27.5% | -2.6% | -12.7% | 14.1% | 18.3% | 27.7% | 15.4% | 35.3% | 28.8% | 24.1% | 23.0% |
流动性与偿付能力 4
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.9 | 0.9 | 0.9 | 2.1 | 2.0 | 1.6 | 1.1 | 5.3 | 1.7 | 1.6 | 1.0 | |
| Quick Ratio | 0.8 | 0.6 | 0.6 | 0.7 | 1.8 | 1.5 | 1.3 | 0.9 | 4.9 | 1.1 | 1.2 | 0.7 | |
| Debt / Equity | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.0 | 0.0 | |
| Interest Coverage | · | · | -0.7 | -4.1 | 3.2 | 3.9 | 4.4 | 2.7 | · | · | · | · |
效率 2
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |
| Receivables Turnover | 7.3 | 7.2 | 6.7 | 7.7 | 4.9 | 4.1 | 4.2 | 4.7 | 4.1 | 4.4 | 4.4 | 4.5 |
增长率 7
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.1% | -4.8% | 22.2% | 177.4% | 14.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.3% | 47.8% | 57.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 28.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | -14.9% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -30.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | -17.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -9.8% | · | · | · | · | · | · | · | · | · | · | · |
估值 (TTM) 13
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B | $11.14B | $10.55B | $6.87B | $6.50B | $6.39B | $6.26B | |
| Net Income TTM | $727M | $-11.31B | $-3.13B | $-7.37B | $1.01B | $1.22B | $2.07B | $594M | $-337M | $1.19B | $1.03B | $1.14B | |
| Market Cap | $71.47B | $25.94B | $27.76B | $23.04B | · | · | · | · | · | · | · | · | |
| Enterprise Value | $67.05B | $23.37B | $25.76B | $19.67B | · | · | · | · | · | · | · | · | |
| P/E | 99.4 | -2.3 | -8.9 | -2.5 | 15.3 | 16.6 | 19.7 | 14.9 | 13.5 | 16.5 | 16.1 | 20.8 | |
| P/S | 1.9 | 0.7 | 0.7 | 0.7 | · | · | · | · | · | · | · | · | |
| P/B | 2.0 | 0.8 | 0.6 | 0.5 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 16.5 | 4.8 | 3.7 | 5.4 | · | · | · | · | · | · | · | · | |
| P / FCF | 23.1 | 5.9 | 4.5 | 6.9 | · | · | · | · | · | · | · | · | |
| EV / EBITDA | 10.4 | -7.8 | 4.0 | -111.1 | · | · | · | · | · | · | · | · | |
| EV / FCF | 21.7 | 5.3 | 4.2 | 5.9 | · | · | · | · | · | · | · | · | |
| EV / Revenue | 1.8 | 0.6 | 0.6 | 0.6 | · | · | · | · | · | · | · | · | |
| Earnings Yield | 1.0% | -43.7% | -11.2% | -40.3% | 6.5% | 6.0% | 5.1% | 6.7% | 7.4% | 6.1% | 6.2% | 4.8% |
损益表 15
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.72B | $8.89B | $9.46B | $9.04B | $9.81B | $8.98B | $10.03B | $9.62B | $9.71B | $9.96B | $10.28B | $9.98B | $10.36B | $10.70B | $11.01B | $9.82B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $5.63B | |
| SG&A Expense | $2.56B | $2.48B | $2.39B | $2.36B | $2.48B | $2.19B | $2.22B | $2.38B | $2.46B | $2.23B | $2.46B | $2.29B | $2.56B | $2.39B | $2.51B | $2.59B | |
| Operating Expenses | $8.48B | $11.36B | $9.11B | $8.43B | $10.00B | $9.02B | $9.87B | $9.34B | $19.92B | $10.22B | $10.47B | $9.88B | $11.26B | $11.26B | $12.90B | $12.01B | |
| Operating Income | $237M | $-2.47B | $349M | $611M | $-185M | $-37M | $162M | $281M | $-10.21B | $-267M | $-182M | $97M | $-906M | $-557M | $-1.89B | $-2.19B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $515M | · | $574M | $574M | $571M | · | $555M | |
| Other Non-op | $50M | $-38M | $-126M | $-30M | $139M | $82M | $-38M | $30M | $172M | $-14M | $80M | $-63M | $27M | $-73M | $-64M | $-28M | |
| Pretax Income | $-271M | $-3.12B | $-408M | $27M | $2.45B | $-434M | $-356M | $-178M | $-10.04B | $-819M | $-613M | $-532M | $-1.48B | $-1.24B | $-2.54B | $-2.85B | |
| Income Tax | $-433M | $-214M | $-161M | $170M | $866M | $15M | $284M | $-319M | $-7M | $136M | $-221M | $-125M | $-260M | $-178M | $-462M | $-566M | |
| Net Income | $149M | $-2.92B | $-252M | $-148M | $1.58B | $-453M | $-494M | $135M | $-9.99B | $-966M | $-400M | $-417M | $-1.24B | $-1.07B | $-2.10B | $-2.31B | |
| EPS (Basic) | $0.06 | $-1.17 | $-0.11 | $-0.06 | $0.64 | $-0.18 | $-0.21 | $0.06 | $-4.07 | $-0.40 | $-0.16 | $-0.17 | $-0.51 | $-0.44 | $-2.06 | $-0.95 | |
| EPS (Diluted) | $0.06 | $-1.17 | $-0.10 | $-0.06 | $0.63 | $-0.18 | $-0.20 | $0.05 | $-4.07 | $-0.40 | $-0.16 | $-0.17 | $-0.51 | $-0.44 | $-2.06 | $-0.95 | |
| Shares (Basic) | 2,511,000,000 | 2,492,000,000 | -4,943,000,000 | 2,479,000,000 | 2,477,000,000 | 2,462,000,000 | -4,897,000,000 | 2,453,000,000 | 2,451,000,000 | 2,443,000,000 | -4,871,000,000 | 2,438,000,000 | 2,437,000,000 | 2,432,000,000 | -3,365,000,000 | 2,428,000,000 | |
| Shares (Diluted) | 2,575,000,000 | 2,492,000,000 | -4,910,000,000 | 2,479,000,000 | 2,499,000,000 | 2,462,000,000 | -4,914,000,000 | 2,470,000,000 | 2,451,000,000 | 2,443,000,000 | -4,871,000,000 | 2,438,000,000 | 2,437,000,000 | 2,432,000,000 | -3,439,000,000 | 2,428,000,000 | |
| EBITDA | $237M | $-1.24B | · | $611M | $-185M | $1.51B | · | $281M | $-10.21B | $1.62B | · | $97M | $-906M | $1.50B | · | $-2.19B |
资产负债表 29
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.37B | $3.26B | $4.57B | $4.29B | $4.89B | $3.87B | $5.31B | $3.34B | $3.61B | $2.98B | · | $2.38B | $3.03B | $2.59B | · | $2.42B | |
| Receivables | $4.95B | $5.01B | $5.29B | $5.13B | $5.38B | $4.66B | $4.95B | $5.53B | $6.17B | $6.30B | · | $6.31B | $6.77B | $6.83B | · | $6.67B | |
| Inventory | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $149M | |
| Prepaid Expense | $4.22B | $3.47B | $3.35B | $3.64B | $3.34B | $4.25B | $3.82B | $3.63B | $3.65B | $4.62B | · | $4.14B | $3.98B | $4.30B | · | $3.58B | |
| Other Current Assets | · | · | $1.95B | · | · | · | $2.06B | · | · | · | · | · | · | · | · | $2.29B | |
| Current Assets | $12.54B | $11.74B | $13.21B | $13.06B | $13.61B | $12.78B | $14.08B | $12.51B | $13.43B | $13.90B | · | $12.83B | $13.77B | $13.73B | · | $12.67B | |
| PP&E (Net) | · | · | $6.68B | · | · | · | $6.09B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $4.83B | · | · | · | $4.04B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $25.86B | $25.87B | $25.93B | $25.92B | $25.94B | $25.75B | $25.67B | $25.87B | $25.74B | $34.89B | $34.97B | $34.73B | $34.91B | $34.66B | $34.44B | $34.45B | |
| Intangibles | $25.92B | $26.80B | $27.76B | $28.79B | $29.91B | $31.03B | $32.30B | $33.77B | $35.16B | $36.65B | · | $39.87B | $41.58B | $43.24B | · | $46.74B | |
| Other Non-current Assets | $7.03B | $7.46B | $7.38B | $7.13B | $7.04B | $7.09B | $7.33B | $8.00B | $7.65B | $8.00B | · | $8.05B | $8.48B | $8.16B | · | $8.75B | |
| Total Assets | $97.25B | $97.84B | $100.08B | $100.52B | $101.73B | $101.68B | $104.56B | $106.33B | $108.03B | $119.82B | · | $123.75B | $128.62B | $130.58B | · | $136.05B | |
| Accounts Payable | $1.06B | $1.11B | $1.09B | $1.08B | $1.07B | $1.01B | $1.05B | $1.12B | $1.15B | $1.25B | · | $1.33B | $1.69B | $1.12B | · | $1.53B | |
| Accrued Liabilities | $12.08B | $11.92B | $9.63B | $9.29B | $10.22B | $9.90B | $10.44B | $10.00B | $10.93B | $10.29B | · | $10.04B | $10.67B | $10.16B | · | $10.20B | |
| Current Liabilities | $16.14B | $16.11B | $12.50B | $12.16B | $13.04B | $15.29B | $15.81B | $15.70B | $17.77B | $16.96B | · | $14.59B | $16.91B | $16.38B | · | $14.68B | |
| Capital Leases | · | · | $3.23B | · | · | · | $2.73B | · | · | · | · | · | · | · | · | $3.00B | |
| Deferred Tax | $5.58B | $5.87B | $6.38B | $6.71B | $6.49B | $6.71B | $6.99B | $7.34B | $7.81B | $8.30B | · | $9.10B | $9.72B | $10.21B | · | $12.32B | |
| Other Non-current Liabilities | $11.00B | $11.17B | $11.61B | $10.96B | $10.44B | $9.86B | $10.07B | $9.96B | $9.75B | $10.12B | · | $10.42B | $10.93B | $10.72B | · | $10.36B | |
| Total Liabilities | $63.25B | $64.13B | $62.92B | $63.21B | $64.38B | $66.51B | $69.62B | $70.16B | $72.61B | $74.53B | · | $77.61B | $81.83B | $82.74B | · | $85.97B | |
| Long-term Debt | $32.02B | $32.47B | $32.57B | $33.52B | $34.63B | $37.43B | $39.51B | $40.21B | $40.96B | $42.58B | · | $44.80B | $47.28B | $48.93B | · | $49.87B | |
| Total Debt | $1.49B | $1.49B | · | $139M | $221M | $2.78B | · | $3.04B | $3.67B | $3.43B | · | $1.30B | $3.00B | $3.50B | · | $1.26B | |
| Common Stock | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | · | $27M | $27M | $27M | · | · | |
| Paid-in Capital | $56.02B | $55.87B | $56.05B | $55.93B | $55.75B | $55.59B | $55.56B | $55.46B | $55.33B | $55.17B | · | $54.94B | $54.82B | $54.69B | · | $54.55B | |
| Retained Earnings | $-14.28B | $-14.43B | $-11.51B | $-11.26B | $-11.11B | $-12.69B | $-12.24B | $-11.74B | $-11.88B | $-1.89B | · | $-526M | $-105M | $1.13B | · | $4.31B | |
| Treasury Stock | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | · | $8.24B | $8.24B | $8.24B | · | $8.24B | |
| AOCI | $-688M | $-642M | $-407M | $-431M | $-371M | $-840M | $-1.07B | $-401M | $-890M | $-913M | · | $-1.43B | $-1.04B | $-1.10B | · | $-2.12B | |
| Stockholders' Equity | $32.84B | $32.58B | $35.92B | $36.02B | $36.05B | $33.84B | $34.04B | $35.10B | $34.34B | $44.15B | · | $44.77B | $45.45B | $46.50B | · | $48.52B | |
| Liabilities + Equity | $97.25B | $97.84B | $100.08B | $100.52B | $101.73B | $101.68B | $104.56B | $106.33B | $108.03B | $119.82B | · | $123.75B | $128.62B | $130.58B | · | $136.05B | |
| Shares Outstanding | 2,508,000,000 | 2,507,000,000 | 2,480,000,000 | 2,477,000,000 | 2,475,000,000 | 2,473,000,000 | 2,454,000,000 | 2,452,000,000 | 2,451,000,000 | 2,449,000,000 | 2,669,000,000 | 2,438,000,000 | 2,437,000,000 | 2,436,000,000 | 2,660,000,000 | · |
现金流 15
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.16B | $1.23B | $1.31B | $1.38B | $1.45B | $1.55B | $1.64B | $1.76B | $1.74B | $1.89B | $2.02B | $1.99B | $1.91B | $2.06B | $2.17B | $2.23B | |
| Stock-based Comp | $190M | $152M | $229M | $242M | $175M | $123M | $138M | $159M | $159M | $101M | $109M | $143M | $137M | $111M | $95M | $107M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | $94M | · | · | · | $171M | · | · | $1.86B | $1.94B | |
| Restructuring | $113M | $204M | $177M | $88M | $80M | $54M | $286M | $9M | $117M | $35M | $75M | $269M | $146M | $95M | $1.20B | $1.52B | |
| Other Non-cash | · | $1.33B | · | · | · | $-664M | · | · | · | $-438M | · | · | · | $-1.73B | · | · | |
| Operating Cash Flow | $848M | $-208M | $1.80B | $979M | $983M | $553M | $2.71B | $847M | $1.23B | $585M | $3.58B | $2.52B | $2.01B | $-631M | $2.85B | $124M | |
| CapEx | $276M | $268M | $421M | $278M | $281M | $251M | $286M | $215M | $252M | $195M | $268M | $457M | $292M | $299M | $364M | $316M | |
| Investing Cash Flow | $-217M | $-282M | $-418M | $-330M | $-236M | $-195M | $6M | $-218M | $70M | $-207M | $-234M | $-458M | $-310M | $-257M | $-218M | $862M | |
| Debt Issued | · | · | $0 | $3M | $16.80B | $1.50B | $0 | $0 | $1.62B | $0 | $0 | $-4M | $0 | $1.50B | $0 | $0 | |
| Net Debt Issued | · | · | · | · | · | $1.50B | · | · | · | $0 | · | · | · | $1.50B | · | · | |
| Financing Cash Flow | $-517M | $-756M | $-1.12B | $-1.24B | $9M | $-1.90B | $-600M | $-875M | $-1.04B | $-1.24B | $-1.53B | $-2.62B | $-1.25B | $-432M | $-1.27B | $-2.31B | |
| Net Change in Cash | $105M | $-1.30B | $272M | $-593M | $917M | $-1.44B | $1.93B | $-127M | $231M | $-933M | $1.89B | $-647M | $438M | $-1.29B | $1.42B | $-1.38B | |
| Taxes Paid | · | · | · | · | · | · | $281M | $348M | $366M | $118M | $249M | $361M | $518M | $312M | $168M | $417M | |
| Free Cash Flow | · | $-476M | · | · | · | $302M | · | · | · | $390M | · | · | · | $-930M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-211M | · | · | · | $-1.42B | · | · |
盈利能力 7
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.7% | -27.8% | · | 6.8% | -1.9% | -0.41% | · | 2.9% | -105.1% | -2.7% | · | 0.97% | -8.8% | -5.2% | · | -22.3% | |
| Net Margin | 1.7% | -32.8% | · | -1.6% | 16.1% | -5.1% | · | 1.4% | -102.8% | -9.7% | · | -4.2% | -12.0% | -10.0% | · | -23.5% | |
| Pretax Margin | -3.1% | -35.1% | · | 0.30% | 25.0% | -4.8% | · | -1.8% | -103.3% | -8.2% | · | -5.3% | -14.3% | -11.6% | · | -29.0% | |
| EBITDA Margin | 2.7% | -14.0% | · | 6.8% | -1.9% | 16.8% | · | 2.9% | -105.1% | 16.3% | · | 0.97% | -8.8% | 14.0% | · | -22.3% | |
| ROA | 0.15% | -2.9% | · | -0.14% | 1.5% | -0.41% | · | 0.12% | -8.4% | -0.77% | · | -0.32% | -0.92% | -1.3% | · | -2.7% | |
| ROE | 0.43% | -8.8% | · | -0.42% | 4.5% | -1.2% | · | 0.34% | -25.0% | -2.1% | · | -0.89% | -2.6% | -3.7% | · | -7.7% | |
| ROIC | -0.41% | -6.8% | · | -8.9% | -0.33% | -0.10% | · | -0.58% | -26.8% | -0.65% | · | 0.16% | -1.5% | -0.95% | · | -3.5% |
流动性与偿付能力 4
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.7 | · | 1.1 | 1.0 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | |
| Quick Ratio | 0.5 | 0.5 | · | 0.8 | 0.8 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.1 | 0.1 | · | 0.0 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.5 | · | 0.2 | -1.6 | -1.0 | · | -3.9 |
效率 3
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 75.5 | |
| Receivables Turnover | 1.7 | 1.8 | · | 1.7 | 1.7 | 1.6 | · | 1.6 | 1.5 | 1.5 | · | 1.5 | 1.5 | 2.3 | · | 2.2 |
估值 (TTM) 13
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $36.47B | $36.73B | · | $37.46B | $38.13B | $38.27B | · | $39.27B | $40.01B | $40.99B | · | $40.86B | $40.71B | $33.51B | · | $25.96B | |
| Net Income TTM | $-1.33B | $-1.94B | · | $1.11B | $-8.72B | $-11.27B | · | $-11.23B | $-12.61B | $-3.69B | · | $-5.03B | $-8.04B | $-6.34B | · | $-5.11B | |
| Market Cap | $66.86B | $68.84B | · | $48.38B | $28.36B | $26.54B | · | $20.23B | $18.24B | $21.38B | · | $26.48B | $30.56B | $36.78B | · | · | |
| Enterprise Value | $64.99B | $67.07B | · | $44.22B | $23.70B | $25.45B | · | $19.94B | $18.29B | $21.83B | · | $25.40B | $30.53B | $37.69B | · | · | |
| P/E | -49.4 | -35.2 | · | 44.4 | -3.2 | -2.3 | · | -1.8 | -1.4 | -5.7 | · | -5.2 | -3.7 | -6.9 | · | -7.6 | |
| P/S | 1.8 | 1.9 | · | 1.3 | 0.7 | 0.7 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.8 | 1.1 | · | · | |
| P/B | 2.0 | 2.1 | · | 1.3 | 0.8 | 0.8 | · | 0.6 | 0.5 | 0.5 | · | 0.6 | 0.7 | 0.8 | · | · | |
| P / Cash Flow | · | -331.0 | · | · | · | 48.0 | · | · | · | 36.5 | · | · | · | -58.3 | · | · | |
| P / FCF | · | -144.6 | · | · | · | 87.9 | · | · | · | 54.8 | · | · | · | -39.6 | · | · | |
| EV / EBITDA | 274.2 | -54.0 | · | 72.4 | -128.1 | 16.9 | · | 70.9 | -1.8 | 13.5 | · | 261.8 | -33.7 | 25.1 | · | · | |
| EV / FCF | · | -140.9 | · | · | · | 84.3 | · | · | · | 56.0 | · | · | · | -40.5 | · | · | |
| EV / Revenue | 1.8 | 1.8 | · | 1.2 | 0.6 | 0.7 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.8 | 1.1 | · | · | |
| Earnings Yield | -2.0% | -2.8% | · | 2.2% | -31.1% | -42.9% | · | -55.6% | -69.2% | -17.4% | · | -19.1% | -27.1% | -14.6% | · | -13.2% |
财务报表 损益表、资产负债表、现金流量表 — 年度，近5年
损益表
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 收入 | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B |
| 营业利润率 % | 2.0% | -25.5% | -3.8% | -21.8% | 16.5% |
| 净收入 | $727M | $-11.31B | $-3.13B | $-7.37B | $1.01B |
| 稀释后每股收益 (EPS) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.54 |
资产负债表
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 负债/股东权益比率 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| 流动比率 | 1.1 | 0.9 | 0.9 | 0.9 | 2.1 |
| 速动比率 | 0.8 | 0.6 | 0.6 | 0.7 | 1.8 |
现金流
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 自由现金流 | $3.09B | $4.43B | $6.16B | $3.32B | $2.42B |
最新新闻 提及该公司的近期头条新闻
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机构持有人 (13F) 1516 家申报者 · $38.2B 总计 · 截至 2026年6月30日
在其季度SEC表格13F中报告持有此股票的机构。仅限多头头寸；单个申报人可能因单独的期权腿而出现两次。 大的抵消性看跌/看涨腿通常反映做市或对冲库存，而非方向性判断。
机构活动 — Q2 2026 与上一季度对比
| 新仓位 | 已退出持仓 | 增加 | 减少 | 净股数变动 |
|---|---|---|---|---|
| 137 (-64 与上一季度对比) | 89 (-52 与上一季度对比) | 526 (+64 与上一季度对比) | 439 (-49 与上一季度对比) | +93.8M |
与Q1 2026对比。 SEC 13F表格的提交截止日期是季度末后45天，外加少量延迟提交的缓冲期——在此窗口期内的季度将被跳过，优先显示最近一个已完整报告的季度对。
| 机构 | 价值 | 股份 | % 已追踪的13F | 类型 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $4229223203 | 158635529 | 11.08% | 股份 |
| STATE STREET CORP | $3422202209 | 128364674 | 8.96% | 股份 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2802026811 | 105102281 | 7.34% | 股份 |
| GEODE CAPITAL MANAGEMENT, LLC | $1641525329 | 61805096 | 4.30% | 股份 |
| MILLENNIUM MANAGEMENT LLC | $1537150949 | 57657575 | 4.03% | 股份 |
| Pentwater Capital Management LP | $1268376160 | 47576000 | 3.32% | 股份 |
| CITADEL ADVISORS LLC | $1170217452 | 43894128 | 3.06% | 股份 |
| NORGES BANK | $832814544 | 31238355 | 2.18% | 股份 |
| Sessa Capital IM, L.P. | $804220361 | 30165805 | 2.11% | 股份 |
| Qube Research & Technologies Ltd | $579154215 | 21723714 | 1.52% | 股份 |
| Third Point LLC | $533200000 | 20000000 | 1.40% | 股份 |
| CAXTON ASSOCIATES LLP | $517818993 | 19423068 | 1.36% | 股份 |
| CITADEL ADVISORS LLC | $511666718 | 19192300 | 1.34% | 卖出期权 |
| HBK INVESTMENTS L P | $505631747 | 18965932 | 1.32% | 股份 |
| FMR LLC | $474469724 | 17797064 | 1.24% | 股份 |
| Balyasny Asset Management L.P. | $440226076 | 16512606 | 1.15% | 股份 |
| VANGUARD GROUP INC | $395330425 | 13717225 | 1.04% | 股份 |
| DIMENSIONAL FUND ADVISORS LP | $383352253 | 14379305 | 1.00% | 股份 |
| VANGUARD FIDUCIARY TRUST CO | $368744191 | 13831365 | 0.97% | 股份 |
| GOLDMAN SACHS GROUP INC | $353839518 | 13272300 | 0.93% | 卖出期权 |
| GOLDMAN SACHS GROUP INC | $338175202 | 12684741 | 0.89% | 股份 |
| Caption Management, LLC | $307165856 | 11521600 | 0.80% | 卖出期权 |
| BANK OF AMERICA CORP /DE/ | $262195742 | 9834799 | 0.69% | 股份 |
| Verition Fund Management LLC | $240724204 | 9029415 | 0.63% | 股份 |
| LMR Partners LLP | $231601419 | 8687225 | 0.61% | 股份 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $229566594 | 8610900 | 0.60% | 卖出期权 |
| Independent Franchise Partners LLP | $217490493 | 8157933 | 0.57% | 股份 |
| Balyasny Asset Management L.P. | $200605836 | 7524600 | 0.53% | 卖出期权 |
| NEUBERGER BERMAN GROUP LLC | $200188360 | 7502832 | 0.52% | 股份 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $199763380 | 7493000 | 0.52% | 买入期权 |
| TUDOR INVESTMENT CORP ET AL | $194247026 | 7286085 | 0.51% | 股份 |
| D. E. Shaw & Co., Inc. | $190454908 | 7143845 | 0.50% | 股份 |
| Newport Trust Company, LLC | $188575218 | 7073339 | 0.49% | 股份 |
| National Pension Service | $181076453 | 6792065 | 0.47% | 股份 |
| Allianz Asset Management GmbH | $180394570 | 6766488 | 0.47% | 股份 |
| Swiss National Bank | $179097268 | 6717827 | 0.47% | 股份 |
| CITADEL ADVISORS LLC | $173687234 | 6514900 | 0.45% | 买入期权 |
| BARCLAYS PLC | $172086834 | 6454870 | 0.45% | 股份 |
| Mitsubishi UFJ Asset Management Co., Ltd. | $162760793 | 6105056 | 0.43% | 股份 |
| RENAISSANCE TECHNOLOGIES LLC | $162182191 | 6083353 | 0.42% | 股份 |
| Legal & General Group Plc | $154881134 | 5809495 | 0.41% | 股份 |
| BlackRock, Inc. | $152916161 | 5735790 | 0.40% | 股份 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $152853724 | 5733448 | 0.40% | 股份 |
| BNP PARIBAS FINANCIAL MARKETS | $146036575 | 5477741 | 0.38% | 股份 |
| MILLENNIUM MANAGEMENT LLC | $145022402 | 5439700 | 0.38% | 卖出期权 |
| Vanguard Global Advisers, LLC | $142365360 | 5340036 | 0.37% | 股份 |
| AQR Arbitrage LLC | $141137427 | 5293977 | 0.37% | 股份 |
| GOLDMAN SACHS GROUP INC | $138282754 | 5186900 | 0.36% | 买入期权 |
| Westchester Capital Management, LLC | $138188511 | 5183365 | 0.36% | 股份 |
| Pentwater Capital Management LP | $128551854 | 4821900 | 0.34% | 卖出期权 |
| HARRIS ASSOCIATES L P | $128053152 | 4803194 | 0.34% | 股份 |
| Sumitomo Mitsui Trust Group, Inc. | $127339251 | 4776416 | 0.33% | 股份 |
| VANGUARD ASSET MANAGEMENT, Ltd | $123251526 | 4623088 | 0.32% | 股份 |
| Melqart Asset Management (UK) Ltd | $122202775 | 4583750 | 0.32% | 股份 |
| ALLIANCEBERNSTEIN L.P. | $121894061 | 4438968 | 0.32% | 股份 |
| Caption Management, LLC | $118975582 | 4462700 | 0.31% | 买入期权 |
| Fort Baker Capital Management LP | $118486451 | 4444353 | 0.31% | 股份 |
| RHUMBLINE ADVISERS | $117721170 | 4415649 | 0.31% | 股份 |
| Squarepoint Ops LLC | $117354601 | 4401898 | 0.31% | 股份 |
| BANK OF NOVA SCOTIA | $112517235 | 4220452 | 0.29% | 股份 |
| Kryger Capital LLC | $111196967 | 4170929 | 0.29% | 股份 |
| California Public Employees Retirement System | $111151005 | 4169205 | 0.29% | 股份 |
| Laurion Capital Management LP | $104907100 | 3935000 | 0.27% | 股份 |
| READYSTATE ASSET MANAGEMENT LP | $102683656 | 3851600 | 0.27% | 股份 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $98459313 | 3585554 | 0.26% | 股份 |
| JANE STREET GROUP, LLC | $96349240 | 3614000 | 0.25% | 买入期权 |
| TOMS Capital Investment Management LP | $93352656 | 3501600 | 0.24% | 买入期权 |
| CAPSTONE INVESTMENT ADVISORS, LLC | $90777300 | 3405000 | 0.24% | 股份 |
| CANADA PENSION PLAN INVESTMENT BOARD | $90073823 | 3378613 | 0.24% | 股份 |
| JANE STREET GROUP, LLC | $81504952 | 3057200 | 0.21% | 卖出期权 |
| Hudson Bay Capital Management LP | $80246600 | 3010000 | 0.21% | 卖出期权 |
| CIBC WORLD MARKET INC. | $76848730 | 2882548 | 0.20% | 股份 |
| LMR Partners LLP | $75981000 | 2850000 | 0.20% | 卖出期权 |
| ProShare Advisors LLC | $74955896 | 2811549 | 0.20% | 股份 |
| Hudson Bay Capital Management LP | $71890556 | 2696570 | 0.19% | 股份 |
| ExodusPoint Capital Management, LP | $71245246 | 2679400 | 0.19% | 买入期权 |
| TIG Advisors, LLC | $66653946 | 2500148 | 0.17% | 股份 |
| Verition Fund Management LLC | $66410060 | 2491000 | 0.17% | 卖出期权 |
| NOMURA HOLDINGS INC | $65991498 | 2475300 | 0.17% | 买入期权 |
| Walleye Trading LLC | $65900854 | 2471900 | 0.17% | 买入期权 |
| Fort Baker Capital Management LP | $64317250 | 2412500 | 0.17% | 卖出期权 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $64045078 | 2402291 | 0.17% | 股份 |
| Boussard & Gavaudan Investment Management LLP | $62549419 | 2299611 | 0.16% | 股份 |
| ExodusPoint Capital Management, LP | $61462577 | 2305423 | 0.16% | 股份 |
| MARSHALL WACE, LLP | $60975259 | 2287144 | 0.16% | 股份 |
| PSquared Asset Management AG | $60651420 | 2274997 | 0.16% | 股份 |
| DENDUR CAPITAL LP | $59451800 | 2230000 | 0.16% | 股份 |
| CAPSTONE INVESTMENT ADVISORS, LLC | $58438720 | 2192000 | 0.15% | 卖出期权 |
| XN LP | $57002839 | 2138141 | 0.15% | 股份 |
| Capula Management Ltd | $55986000 | 2100000 | 0.15% | 卖出期权 |
| CANYON CAPITAL ADVISORS LLC | $55986000 | 2100000 | 0.15% | 股份 |
| STATE OF WISCONSIN INVESTMENT BOARD | $55948489 | 2098593 | 0.15% | 股份 |
| GABELLI FUNDS LLC | $55292413 | 2073984 | 0.14% | 股份 |
| AVIVA PLC | $54941888 | 2060836 | 0.14% | 股份 |
| NOMURA HOLDINGS INC | $54551692 | 2046200 | 0.14% | 卖出期权 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $53278464 | 1998442 | 0.14% | 股份 |
| Centiva Capital, LP | $52219555 | 1958723 | 0.14% | 股份 |
| Magnetar Financial LLC | $51521436 | 1932537 | 0.13% | 股份 |
| NEOS Investment Management LLC | $50479989 | 1893473 | 0.13% | 股份 |
| CIBC WORLD MARKETS CORP | $50253837 | 1743714 | 0.13% | 股份 |
公司内部人士 46 位内幕人士 · 15 位高管 · 20 位董事
| 内部人士 | 角色 | 上次活动 | 持股数量 | 买入 12个月 | 卖出 12个月 | 净额 12个月 |
|---|---|---|---|---|---|---|
| Jean-Briac Perrette | Pres.&CEO, Discovery Int'l | 2020年2月28日 A | 274860 | 0 | 0 | $0 |
| Gunnar Wiedenfels | Chief Financial Officer | 2026年8月17日 A | 691257 | 0 | 0 | $0 |
| Andrew Warren | Chief Financial Officer | 2017年3月1日 F | 30457 | 0 | 0 | $0 |
| Bradley E Singer | SEVP & Chief Financial Officer | 2012年3月14日 M | 10475 | 0 | 0 | $0 |
| Peter Liguori | Chief Operating Officer | 2011年4月29日 M | 0 | 0 | 0 | $0 |
| David Leavy | Chief Corp Operating Officer | 2020年3月18日 F | 114123 | 0 | 0 | $0 |
| Savalle Sims | General Counsel | 2020年3月2日 S | 76556 | 0 | 0 | $0 |
| Lori C. Locke | Chief Accounting Officer | 2020年2月28日 A | 19280 | 0 | 0 | $0 |
| Adria Alpert-Romm | Chief People & Culture Officer | 2020年2月28日 A | 33145 | 0 | 0 | $0 |
| Bruce Campbell | Chief Dev Dist & Legal Officer | 2020年2月28日 A | 422989 | 0 | 0 | $0 |
| Kurt Wehner | Chief Accounting Officer | 2019年2月28日 F | 325 | 0 | 0 | $0 |
| Paul J Guagliardo | Chief Commercial Officer | 2017年8月18日 P | 10000 | 0 | 0 | $0 |
| John Hendricks | Founder | 2014年3月6日 M | 1025730 | 0 | 0 | $0 |
| Thomas Colan | EVP & Chief Accounting Officer | 2012年4月27日 M | 7818 | 0 | 0 | $0 |
| Joseph A Lasala JR | SEVP, Gen'l Counsel, Sec'y | 2010年8月5日 M | 0 | 0 | 0 | $0 |
| Anthony Noto | 董事 | 2026年6月30日 A | 53444 | 0 | 0 | $0 |
| Daniel E. Sanchez | 董事 | 2026年6月9日 A | 53121 | 0 | 0 | $0 |
| Joseph M. Levin | 董事 | 2026年6月9日 A | 43604 | 0 | 0 | $0 |
| Anton J Levy | 董事 | 2026年6月9日 A | 958067 | 0 | 0 | $0 |
| Paula A Price | 董事 | 2026年6月9日 A | 92218 | 0 | 0 | $0 |
| Geoffrey Y Yang | 董事 | 2026年6月9日 A | 127119 | 0 | 0 | $0 |
| LEE DEBRA L | 董事 | 2026年6月9日 A | 75873 | 0 | 0 | $0 |
| Paul A Gould | 董事 | 2026年6月9日 A | 253424 | 0 | 1 | $-16410000 |
| Steven O Newhouse | 董事 | 2023年12月14日 S | 184023290 | 0 | 0 | $0 |
| Malone John C | 董事 | 2020年5月8日 S | 780591 | 0 | 0 | $0 |
| David J Wargo | 董事 | 2020年3月16日 S | 142624 | 0 | 0 | $0 |
| Decker S Anstrom | 董事 | 2019年11月26日 M | 31300 | 0 | 0 | $0 |
| Steven A Miron | 董事 | 2019年5月15日 M | 26361 | 0 | 0 | $0 |
| Robert Miron | 董事 | 2019年5月15日 M | 29850 | 0 | 0 | $0 |
| Robert R Bennett | 董事 | 2019年5月14日 M | 31441 | 0 | 0 | $0 |
| Robert R Beck | 董事 | 2019年5月8日 A | 77810 | 0 | 0 | $0 |
| Susan M Swain | 董事 | 2019年5月8日 A | 20345 | 0 | 0 | $0 |
| Lavoy M Robison | 董事 | 2017年5月16日 M | 47881 | 0 | 0 | $0 |
| Lawrence S Kramer | 董事 | 2012年6月1日 D | 6377 | 0 | 0 | $0 |
| ADVANCE LONG-TERM MANAGEMENT TRUST | 10% 所有者 | 2015年8月7日 D | — | 0 | 0 | $0 |
| NEWHOUSE BROADCASTING CORP | 10% 所有者 | 2012年12月27日 C | 44374821 | 0 | 0 | $0 |
| ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP | 10% 所有者 | 2010年12月10日 D | 57374821 | 0 | 0 | $0 |
| Discovery Holding CO | 10% 所有者 | 2008年9月17日 J | 0 | 0 | 0 | $0 |
| David Zaslav | — | 2026年8月14日 M | 6807934 | 0 | 7 | $-199747671 |
| Fazal F Merchant | — | 2026年8月13日 S | 33067 | 0 | 1 | $-1985207 |
| Richard W Fisher | — | 2026年8月12日 S | 59546 | 0 | 2 | $-1011927 |
| Samuel A Di Piazza Jr. | — | 2026年8月11日 I | 130661 | 0 | 0 | $0 |
| Kenneth W Lowe | — | 2026年8月11日 S | 990108 | 0 | 1 | $-3236400 |
| Gerhard Zeiler | — | 2026年8月10日 M | 537436 | 0 | 4 | $-15987864 |
| Peter Faricy | — | 2020年2月28日 A | 247224 | 0 | 0 | $0 |
| Mark G Hollinger | — | 2013年7月1日 M | 43597 | 0 | 0 | $0 |
来自SEC表格3/4/5申报的内部人士；净额=仅公开市场买卖
激进投资者及 5%+ 股东 3 持仓
提交了 SEC Schedule 13D 的投资者 — 持有超过 5% 的受益所有权，意图影响发行人（激进股东持股、董事会活动、并购）。每一行显示该申报人持仓的最新已知状态。
| 申报人 | 已申报 | 持股 | 状态 | 目的 | 申报 |
|---|---|---|---|---|---|
| A/NPP Diversified Holdings LLC, Advance/Newhouse Partnership, Newhouse Broadcasting Corporation, Advance Publications, Inc. | 2025年7月1日 | 3.97% | 修订 | — | SEC |
| Advance/Newhouse Programming Partnership, Advance/Newhouse Partnership, Newhouse Broadcasting Corporation, Advance Publications, Inc. ×18 申报 | 2024年4月2日 | — | 初始申报 | — | SEC |
| John C. Malone ×5 申报 | 2022年4月13日 | — | 初始申报 | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF持仓 由 193 只交易所交易基金持有
权重仅反映直接股权持仓（N-PORT）；杠杆基金或基于衍生品的基金可能持有未显示的额外掉期敞口。
| 基金 | 权重 | 单位 | 截至 | 来源 |
|---|---|---|---|---|
| EVNT · AltShares Trust | 4.36% | 19754 NS | 2026年5月31日 | N-PORT |
| FDCF · Fidelity Covington Trust | 3.87% | 153014 NS | 2026年5月31日 | N-PORT |
| LSEQ · Harbor ETF Trust | 3.63% | 20639 NS | 2026年4月30日 | N-PORT |
| ARB · AltShares Trust | 3.59% | 137019 NS | 2026年5月31日 | N-PORT |
| QQQA · ProShares Trust | 3.51% | 59048 NS | 2026年5月31日 | N-PORT |
| MNA · New York Life Investments ETF Trust | 3.22% | 296981 NS | 2026年4月30日 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 2.82% | 1839972 NS | 2026年4月30日 | N-PORT |
| LTL · ProShares Trust | 2.54% | 7526 NS | 2026年5月31日 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 1.99% | 1554 NS | 2026年4月30日 | N-PORT |
| GVIP · Goldman Sachs ETF Trust | 1.91% | 402763 NS | 2026年5月31日 | N-PORT |
| AMOM · Exchange Listed Funds Trust | 1.24% | 13970 NS | 2026年4月30日 | N-PORT |
| GURU · Global X Funds | 1.03% | 22190 NS | 2026年4月30日 | N-PORT |
| GXPC · Global X Funds | 0.92% | 31765 NS | 2026年5月31日 | N-PORT |
| TAX · EA Series Trust | 0.92% | 8665 NS | 2026年5月29日 | N-PORT |
| ITAN · EA Series Trust | 0.90% | 29652 NS | 2026年5月29日 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.89% | 399283 NS | 2026年4月30日 | N-PORT |
| VAMO · Cambria ETF Trust | 0.84% | 25837 NS | 2026年4月30日 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.78% | 45861 NS | 2026年4月30日 | N-PORT |
| HIBL · Direxion Shares ETF Trust | 0.61% | 17923 NS | 2026年4月30日 | N-PORT |
| ANEW · ProShares Trust | 0.56% | 1594 NS | 2026年5月31日 | N-PORT |
| YOKE · EA Series Trust | 0.46% | 38661 NS | 2026年4月30日 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.45% | 140198 NS | 2026年4月30日 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.39% | 59044 NS | 2026年5月31日 | N-PORT |
| EGLE · Global X Funds | 0.38% | 290 NS | 2026年4月30日 | N-PORT |
| GSLC · Goldman Sachs ETF Trust | 0.36% | 2087841 NS | 2026年5月31日 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund ... | 0.35% | 94478 NS | 2026年4月30日 | N-PORT |
| QCLR · Global X Funds | 0.35% | 507 NS | 2026年4月30日 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund ... | 0.34% | 276602 NS | 2026年4月30日 | N-PORT |
| QYLG · Global X Funds | 0.34% | 17911 NS | 2026年4月30日 | N-PORT |
| QRMI · Global X Funds | 0.34% | 2018 NS | 2026年4月30日 | N-PORT |
| QTR · Global X Funds | 0.33% | 358 NS | 2026年4月30日 | N-PORT |
| QYLD · Global X Funds | 0.33% | 1026945 NS | 2026年4月30日 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.33% | 150832 NS | 2026年4月30日 | N-PORT |
| FNDX · SCHWAB STRATEGIC TRUST | 0.32% | 3049472 NS | 2026年5月31日 | N-PORT |
| CRTC · DBX ETF Trust | 0.30% | 14434 NS | 2026年5月31日 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.30% | 146375 NS | 2026年5月31日 | N-PORT |
| QSIX · Pacer Funds Trust | 0.30% | 1978 NS | 2026年4月30日 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.27% | 58420 NS | 2026年4月30日 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0.26% | 27562 NS | 2026年4月30日 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.26% | 1368795 NS | 2026年4月30日 | N-PORT |
| IQQQ · ProShares Trust | 0.25% | 39781 NS | 2026年5月31日 | N-PORT |
| SCHV · SCHWAB STRATEGIC TRUST | 0.22% | 1249871 NS | 2026年5月31日 | N-PORT |
| OALC · Unified Series Trust | 0.21% | 19081 NS | 2026年5月31日 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.19% | 15322 NS | 2026年5月31日 | N-PORT |
| GSEW · Goldman Sachs ETF Trust | 0.19% | 127158 NS | 2026年5月31日 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.19% | 22359 NS | 2026年4月30日 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.19% | 411953 NS | 2026年4月30日 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.18% | 28129 NS | 2026年5月31日 | N-PORT |
| QLD · ProShares Trust | 0.18% | 982489 NS | 2026年5月31日 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.18% | 2906495 NS | 2026年4月30日 | N-PORT |