Warner Bros. Discovery (WBD) Stock After Hours: Inside the Paramount–Netflix Bidding War and What to Watch Before the December 11 Open
Warner Bros. Discovery shares closed at $29.53, up 4.49% on December 10, 2025, with volume topping 103 million amid a takeover battle. The stock finished just below Paramount Skydance’s $30 hostile bid and above Netflix’s $27.75 agreed offer. After-hours trading saw shares dip slightly to the high $29s. WBD’s market cap stands at about $73 billion, despite a $11.3 billion net loss in 2024.