Warner Bros. Discovery Falls 28% YTD: How Should You Play the Stock?

Warner Bros. Discovery (WBD) shares have dipped 27.6% year to date, underperforming the broader Zacks Consumer Discretionary sector's return of 1.8%. WBD shares have also lagged the Zacks Broadcast Radio and Television industry's growth of 23.5% and its peers Netflix (NFLX) , Fox (FOXA) and Roku (ROKU) . Over the same time frame, shares of NFLX and FOXA have gained 44% and 35.6%, respectively, while shares of Roku fell 17%. In the first half of 2024, WBD revenues fell 7.1% year over year to $19.6 billion du ...