Since the merger between Warner Bros. and Discovery in 2022 — which brought CNN, HBO, TNT, TBS, Food Network and movie studio Warner Bros. under one roof — that company's stock has plunged 67%. WBD faces financial headwinds at its linear business, a soft advertising environment and from last year's Hollywood strikes. It also is on the verge of losing its long-running NBA media rights to Amazon and NBC. That could allow its streaming service and studio assets to grow as a standalone company. The company is a ...

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Investors should also take note of any recent adjustments to analyst estimates for Warner Bros. Discovery. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track ...

Loading... Loading... Warner Bros. Discovery, Inc. WBD is grappling with a significant decline, trading near its 52-week low of $6.94, which it reached on June 20. The stock has plummeted 42.45% over the past year and 38.31% year-todate, highlighting the company's struggle to regain its footing in a fiercely competitive media and entertainment landscape. House Of The Dragon – Can This Fire Up The Stock? As part of a bold promotional campaign, HBO, a Warner Bros. subsidiary, has placed a colossal 270-foot ba ...

"At this transformative time in our industry, Robert is the right leader to assume this new, critical global role, as we continue to grow the Warner Bros. Discovery brand and presence around the world," said Zaslav. "Robert is an insightful and respected leader with experience spanning Fortune 500 companies, the White House, and winning political campaigns. He will be an invaluable part of the team as we create the most captivating stories and content for consumers around the world. I am thrilled to welcome ...

Warner Bros. Discovery (WBD) closed the latest trading day at $7.24, indicating a -0.69% change from the previous session's end. This change lagged the S&P 500's 0.04% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.12%. Market participants will be closely following the financial results of Warner Bros. Discovery in its upcoming release. The company is predicted to post an EPS of -$0.16, indicating a 68.63% growth compared to the equivalent quarter last year. Meanwh ...

Warner Bros. Discovery on Tuesday announced a 10-year contract with the French Tennis Federation to broadcast the French Open in the U.S. beginning in 2025. The deal reportedly is worth about $65 million per year. WBD, which will be taking over the rights from NBC and Tennis Channel, will broadcast the Grand Slam event on its TNT, TBS, and truTV networks, as well as its Max streaming service. The news comes as WBD's TNT is trying to retain valuable NBA rights it's held since 1989. The company said the deal ...

trenchcoates Nothing has caused more issues than the progress or lack thereof of both EBITDA (since the acquisition) and its place in the coming growth for Warner Bros. Discovery (NASDAQ:WBD) since the last article. Management has since done a bunch of presentations to try and smooth out the process of going from "cutting like mad" because the acquisition literally had no cash flow (or definitely nothing close to enough) to growing the business. Mr. Market is upset that growth has not occurred from the star ...

Market participants will be closely following the financial results of Warner Bros. Discovery in its upcoming release. It is anticipated that the company will report an EPS of -$0.16, marking a 68.63% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $10.29 billion, indicating a 0.61% downward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.38 per ...

Warner Bros. Discovery's Max announced price increases for its ad-free options on Tuesday, as a range of streamers make their memberships more expensive. The move comes only 12 days before the debut of season two of HBO's "Game of Thrones" prequel "House of the Dragon," whose series premiere garnered nearly 10 million viewers, making it the biggest in HBO's history. Max currently has three pricing options: with ads, ad-free and ultimate ad-free, which allows for more devices and downloads than the cheaper p ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 8:00 AM ET Company Participants David Zaslav - President and Chief Executive Officer Conference Call Participants Laurent Yoon - Bernstein Laurent Yoon All right, let's get started. And hello, everyone. Thank you for joining us this morning. I am Laurent Yoon, I cover U.S. Media and Telecom at Bernstein. It is my great pleasure to introduce to you the CEO and -- President and CEO of Warner Brothers ...