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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Impairments and loss on dispositions

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Warner Bros Discovery Inc

Warner Bros. Discovery, Inc. operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. The company is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q4 2024

Warner Bros Discovery reports robust Q4 performance and streaming focus

Warner Bros Discovery's Q4 performance highlights strong financials, strategic focus on IP, and progress in streaming profitability.
The company faces challenges in ad sales and market dynamics but sees opportunities in content integration, community engagement, and market upswing.
Prioritizing quality content, cost savings, and achieving profitability targets are key strengths driving Warner Bros Discovery's strategy.
Balancing financial performance, content excellence, and market positioning will be crucial for Warner Bros Discovery's growth and success.

Warner Bros Discovery Inc reports strong Q1 EBITDA growth and DTC focus

Warner Bros Discovery Inc navigated Q1 challenges with strong EBITDA growth and a focus on DTC business, aiming for profitability this year. The company's strategic initiatives in content expansion, international markets, and reducing churn for HBO Max position it well for future growth and profitability.

Warner Bros Discovery excels in Q2, eyes global expansion

Warner Bros Discovery's Q2 performance showcased strong free cash flow, debt reduction, and strategic focus on Direct-to-Consumer and gaming for growth.
The company's strengths lie in content creation, advertising opportunities, and leveraging IPs, while facing challenges in linear business and industry disruptions.
Opportunities include multiple growth levers for 2024, international expansion, and maximizing advertising and content potential, with a clear focus on profitability.
Overall, Warner Bros Discovery is navigating challenges with resilience, focusing on strategic growth areas, and positioning itself for future success in the evolving media landscape.

Warner Bros Discovery exceeds $2B in free cash flow, eyes growth

Warner Bros Discovery Inc's Q3 earnings call highlighted strong financial performance, strategic focus on key IP, and growth opportunities in streaming, gaming, and sports. The company is prioritizing debt reduction, sustainable growth, and maximizing the value of its content to drive future success.

Warner Bros Discovery Inc (WBD) reports strong Q4 performance and eyes global growth opportunities

Warner Bros Discovery Inc (WBD) delivered a strong performance in Q4 2023, showcasing financial achievements, successful franchise revivals, and global expansion efforts. While facing challenges in its Studios and Networks segments, the company is leveraging its strengths in streaming profitability, post-merger integration, and content diversity. With a focus on profitability, growth initiatives, and strategic partnerships, Warner Bros Discovery is poised for future success.

Warner Bros Discovery (WBD) excels in Q1 2024, eyes digital ad growth

Warner Bros Discovery (WBD) showcased robust performance in Q1 2024, capitalizing on key strengths in subscriber growth and content monetization. Despite challenges in studio results and certain markets, the company is strategically positioned to seize opportunities in digital advertising and global content distribution. Ongoing efforts towards operational efficiency and consumer-centric strategies underpin its growth trajectory.

Warner Bros Discovery sees strong subscriber growth and global expansion

Warner Bros Discovery's Q2 earnings call highlighted impressive subscriber growth, content production, and global expansion efforts. The company's strategic focus on direct-to-consumer initiatives, partnerships, and engaging content positions it well for sustained growth. While facing challenges in debt reduction and competitive pressures, Warner Bros Discovery remains optimistic about its ability to drive profitability and expand its market presence.

Warner Bros Discovery reports strong Q3 performance amidst business challenges

Warner Bros Discovery Inc showcased strong performance in its direct-to-consumer segment, while facing challenges in the Networks and Studios businesses. The company's focus on enhancing shareholder value and stabilizing linear TV operations are key strengths. Opportunities lie in driving growth in the direct-to-consumer segment and optimizing operations in the linear networks business.

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Warner Bros. Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. It operates through the following segments: Studios, Networks, Direct-to-Consumer (DTC), and Corporate. The Studios segment includes producing and releasing feature films for initial exhibition in theaters, producing and initial licensing television programs to networks services as well as third parties, distributing films and television programs to various third party, internal television, and streaming services, distribution through the home entertainment market related consumer products, and themed experience licensing and interactive gaming. The Networks segment focuses on domestic and international television networks. The DTC segment is involved in premium pay-television and streaming services. The company was founded on June 17, 1985 and is headquartered in New York, NY.

Disney

Twenty-First Century Fox

FuboTV

Fubo CEO David Gandler blasted a planned sports bundle backed by Disney, Fox and Warner Bros. Discovery, calling the companies a “sports cartel” engaging in “borderline racketeering.” The comments came during a conference call with Wall Street analysts to discuss fourth-quarter results. Fubo posted strong numbers in the quarter, including 1.

Disney, Fox And Warner Bros. Discovery Are A “Sports Cartel” Engaging In “Borderline Racketeering”, Fubo CEO David Gandler Charges: “This Is A Duel To The Death”

Paramount Global

In entertainment, three turnaround stocks listed here orchestrate a revival symphony. These titans may reshape their long-term investment potential amid macroeconomic uncertainties by igniting a historic turnaround.

3 Turnaround Stocks Primed for a Historic Price Rally

Netflix

Roku

Radio and television broadcast companies like NFLX, WBD, FOXA and ROKU benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

4 Broadcast Radio & TV Stocks to Buy From a Challenging Industry

Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) has reportedly slammed the brakes on plans to acquire Paramount Global (NASDAQ:PARA) after several months of deliberations over the move to create a Hollywood giant. After David Zaslav and Bob Bakish, respective chief executives of the two studios, held talks in recent months, discussions have now cooled off, according to CNBC-cited sources.

Warner Bros Discovery merger with Paramount stalls - report

One of New Zealand's two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.

Warner Bros Discovery plans to close New Zealand TV news provider

Shares of Warner Bros. Discovery Inc. and Paramount Global Inc. rose after a new report said merger talks between the media giants have stopped.

Warner Bros. Discovery, Paramount shares rise on report that merger talks have halted

Warner Bros. Discovery is reportedly hitting pause on merger talks with Paramount Global, a deal that could have created a streaming and broadcast giant.

Warner Bros. Discovery reportedly halts merger talks with Paramount Global.

Paramount Global's list of potential suitors shrank Tuesday after Warner Bros. Discovery reportedly said it is no longer pursuing merger talks with the struggling media giant.

Warner Bros. Discovery halts merger talks with Paramount Global: report

Warner Bros. Discovery has paused merger talks with Paramount Global, sources told CNBC on Tuesday, just two months after talks started on what would be a blockbuster shake-up in the burgeoning streaming wars.

Warner Bros. Discovery Pauses Merger Talks With Paramount, Report Says

Warner Bros Discovery Inc is trending up at writing following news that it has paused mergers talks with Paramount Global. The mass media giant was reported to have seriously engaged in discussions with $PARA over a potential merger in January.

Warner Bros Discovery has reportedly paused merger talks with Paramount

Warner Bros Discovery is no longer pursuing a merger with Paramount Global , halting talks after several months of kicking the tires on merging the media companies, CNBC reported on Tuesday, citing sources familiar with the matter.

Warner Bros Discovery halts merger talks with Paramount Global, CNBC reports

Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

Warner Bros. Discovery halts merger talks with Paramount Global, sources say

Boeing

Rivian Automotive

Many prominent Wall Street analysts and well-regarded economists are predicting a potential market downturn, or even a crash, this year. Observers say this is particularly likely if the economy falls into a recession, as some people continue to expect.

3 Stocks to Dump Before the Next Market Downturn

NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Warner Bros. Discovery (Nasdaq: WBD) today announced that its CEO and President, Global Streaming and Games JB Perrette will present at Morgan Stanley's 2024 Technology, Media & Telecom Conference on Monday, March 4, 2024 at 6:40 p.m.

WARNER BROS. DISCOVERY CEO AND PRESIDENT, GLOBAL STREAMING AND GAMES JB PERRETTE TO PRESENT AT THE MORGAN STANLEY 2024 TECHNOLOGY, MEDIA & TELECOM CONFERENCE

Warner Bros. Discovery disappointed markets with its earnings results, raising concerns about its ability to generate earnings. The company reported a drop in revenues and finished the year with an operating loss, but its cash flow statement showed growth in operating cash flow and free cash flow. Management has stated that debt reduction is a priority, which will benefit shareholders, but concerns remain about the company's cash obligations and lack of free cash flow guidance for 2024.

Warner Bros. Discovery: Sell Off Creates Income Opportunity

Warner Bros. Discovery was beaten up by the market when management did not provide specific 2024 guidance. The company should see tailwinds from the end of the writers' and actors' strikes, a stabilizing advertising market, and a continued focus on D2C profitability. WBD is trading at about half of my fair value estimate and is much cheaper than even its low-growth peers, especially on price/FCF.

Why I Doubled Down On Warner Bros. Discovery

A review of Warner Bros. Discovery's Q4/23 earnings report reveals a mixed picture. The market clearly punished the company for not providing 2024 guidance. Here is why I think that not providing guidance is actually a positive.

Warner Bros. Discovery: No Guidance Is Good Guidance

Warner Bros. Discovery (NASDAQ: WBD) stock price has plummeted to a record low as concerns about the company remains.

Red alert as Warner Bros (WBD) stock price loses key support

Warner Bros. Discovery has found a significant cash cushion that is helping with the transition of its assets to become a formidable competitor. The company is prioritizing collecting money owed, which lowers the deleveraging risk considerably. Despite challenges in the advertising market, and elsewhere in the business, management has increased cash flow and decreased leverage, improving the debt ratio.

Warner Bros. Discovery: Love Those Working Capital Initiatives

Amazon

Romantic comedies seem to be a dying breed of film. Last year, rom-coms, as the movies are known, grossed a total of $86 million at the global box office.

3 Movie Stocks Betting on a Rom-Com Rebound This Year

The studio's new boss, David Zaslav, sees his mission as salvaging a rocky relationship with the creator of Harry Potter.

Can Warner Bros. Uncancel J.K.

Shares of Warner Bros. Discovery slid Friday to their lowest level ever, even after the HBO and CNN parent's streaming unit became the first major streamer aside from Netflix to record a profitable year on record, exemplifying the struggles of legacy media companies to return shareholder value in the era of streaming.

Warner Bros Discovery's Stock Tanks To Record Low

It's been another nice day of gains in the market, at an index level. However, as with any broad-based move higher, there are always winners and losers generating headlines.

Warner Bros Discovery (WBD) Stock Just Hit a New 52-Week Low

Warner Bros. Discovery Chief Executive Officer David Zaslav has championed generating free cash flow for more than a year, but investors may not care.

Warner Bros. Discovery is hyping free cash flow.

Warner Bros. Discovery on Friday reported worse-than-expected quarterly earnings — due in large part to box office flops from its movie studio — sending the media giant's shares plummeting more than 9% in midday trading.

News for Warner Bros Discovery Inc Stock (WBD)