Warner Bros. Discovery: Finally Something The Market Can See

JHVEPhoto Up until now, free cash flow of Warner Bros. Discovery (NASDAQ:WBD) has literally carried the acquisition of Warner Bros. As Gunnar Wiedenfels, CFO, mentioned during the latest roadshow: "it's important to keep in mind, we went from essentially no free cash flow when we started negative free cash flow [indiscernible] to $6.2 billion last year" Up until now, the huge outperformance on free cash flow has not impressed the market because it is widely perceived as not coming from operations. But the c ...