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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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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.

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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

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Earnings data Q1 2023

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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.

Warner Bros. Discovery stock has been hammered on long-term concerns surrounding its money-spinning Networks segment and its nascent, barely profitable direct-to-consumer offering. Recent numbers look weak but are noisy. While a renewal of its NBA broadcast deal would weigh on costs, they would not spike immediately. Free cash flow generation remains robust and the stock looks materially undervalued, warts and all.

Warner Bros. Discovery: Networks And DTC Uncertainty Mask Upside Potential

TORONTO--(BUSINESS WIRE)--Warner Bros. Discovery (Nasdaq: WBD) today announced the participants for the third iteration of its WBD Access x Canadian Academy Writers Program. The program, in partnership with the Academy of Canadian Cinema & Television (the Canadian Academy), will support 10 experienced Canadian writers from underrepresented communities seeking to advance their careers in episodic television. The Program will provide participants with the ability to develop a specific project.

WBD Access x Canadian Academy Writers Program Announce 2023 Program Participants

Warner Bros. Discovery's (WBD) Max introduces a Black Friday promotion for new subscribers.

Warner Bros. Discovery's (WBD) Max Unveils Subscription Offer

Disney

Netflix

Since the pandemic, streaming wars have heated up as media companies fight for customer eyeballs. Initially, this new entertainment paradigm triggered a content rush.

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Dollar Tree

Fortinet

Investors have been rocking and rolling over the past few years. A 14-year-long bull market was brought up short by the COVID-19 outbreak only to quickly resume its meteoric rise that lasted through 2021.

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Ford Motor Company

General Motors

Lucid Group

Tesla

The 2024 Toyota Prius just won a “car of the year” award, but that may say more about the state of EV adoption than about the Prius, a hybrid that has been around for more than two decades in several iterations.

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Warner Bros Discovery Inc (NASDAQ:WBD) CEO David Zaslav said he does not regret the concessions made by the Alliance of Motion Picture and Television Producers to end the Writers Guild of America's (WGA's) almost 150-day strike but implied that the writers were being paid too much for their work.  “They are right about almost everything,” the CEO told The New York Times Magazine in a profile published online on Wednesday.

Warner Bros. Discovery CEO says new deal overpays Hollywood writers

Paramount Global

Paramount Global (NASDAQ:PARA) got a boost in its South Park legal battle with Warner Bros Discovery Inc (NASDAQ:WBD) in a ruling by New York judge Margaret Chan. With Warner Bros having sued Paramount in February to try and enforce exclusive streaming rights to South Park on its HBO Max platform.

Respect my authoritah: South Park legal gives Paramount win over Warner Bros Discovery

The judge's ruling leaves intact parts of Warner Bros. Discovery's lawsuit over a "South Park" streaming deal.

Judge sides with Paramount on some claims in Warner Bros. 'South Park' streaming lawsuit

Citizens Financial Group

Comerica

First Solar

KeyCorp

KLA-Tencor

V.F.

Zions Bancorp

Sitting out of the S&P 500 on the biggest up days will cost you. And some stocks rally big time on these huge days.

Tesla Is One Of 10 Stocks Investors Snatch Up On Big Rally Days

Charter Communications

Comcast

Twenty-First Century Fox

Live Nation

News Corp

AT&T

T-Mobile US

Verizon

The Communications Services sector of the S&P 500 is a mixed bag of companies growing revenue quickly and others with business models that are mature or undergoing transformation. Some of the latter have been crushed this year, but that could underline opportunities for 2024.

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Warner Bros. Discovery stock has disappointed again, nearly completing a round trip toward its December 2022 lows. Worse, advertising headwinds could hamper its recovery even as the company's streaming strategy gains momentum. Warner is stuck between deleveraging its balance sheet while investing in its streaming business. However, the TV advertising market needs to remain robust, which is now in doubt.

Warner Bros. Discovery: Stunning Round Trip Nearly Complete (Rating Downgrade)

Take-Two Interactive Software

Uber

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Like many highly indebted businesses, Warner Bros. Discovery has been trading in tandem with long-dated treasuries. While correct at first sight, a deeper look reveals how wrong this association is in this specific case. Effectively, if interest rates stayed high or increased from here, Warner Bros. Discovery could even profit.

Warner Bros. Discovery: What A Wonderful Debt

AMC Networks

Cinemark Holdings

Nexstar Media Group

The “meme mania” that once propelled AMC Entertainment (NYSE: AMC ) stock to lofty price levels has long left the scene. Even as a speculative trade, AMC is no longer one of the strong opportunities among entertainment stocks.

7 Entertainment Stocks That Are Way Better Buys Than AMC

Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery's Max streaming services, the Wall Street Journal reported.

Verizon to offer Netflix, Max discounted streaming bundle: report

eBay

Robinhood

Is the stock market's current bull run real, or are we in the midst of a bear market rally? That's the debate raging right now as equities soften after posting their longest winning streak in two years.

3 Stocks That Are About to Get Absolutely Crushed in Q4

Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery's Max streaming services for about $10 a month combined instead of about $17, the Wall Street Journal reported on Thursday.

Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - WSJ

Verizon Communications Inc. VZ, -0.35% plans to offer streaming services Netflix and Max combined for $10 a month instead of $17, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The Journal said Verizon will offer versions of those services with ads, and that the bundle was likely to be announced “in coming weeks.

Verizon to offer Netflix, Max streaming bundle at a discount: WSJ

Warner Bros. Discovery CEO David Zaslav and board member John Malone both suggested buying distressed assets in the next two years.

What's Warner Bros. Discovery's next move?

Hollywood actors yesterday struck a tentative three-year contract worth more than $1 billion with major studios, which will increase minimum salaries.

Media Stocks React to SAG-AFTRA Tentative Deal

Warner Bros. Discovery's stock fell 19% after Q3 earnings due to soft advertising revenue and missed leverage targets. The decline in stock is puzzling as other companies facing the same dynamics, like Paramount Pictures, saw their stock rise. Despite the decline, Warner Bros. Discovery had a strong quarter and is focused on investing in gaming and streaming for growth.

Is Warner Bros. Discovery Looking To Make An Acquisition In 2024?

Arista Networks

Expedia

Generac Holdings

Gartner

Monolithic Power Systems

Insulet

Watch out "Magnificent Seven." There's a new set of eight S&P 500 stocks taking off in the ongoing eight-day rally.

Eight Stocks Dominate S&P 500's Impressive 8-Day Rally

Warner Bros. Discovery Inc. (NASDAQ: WBD) turned in horrible quarterly results.

Deeply Crippled Warner Bros Needs to Fire CEO David Zaslav

Investors in Hollywood studios on Thursday cheered a tentative deal with actors that could help restart production of movies and shows halted by a series of strikes since spring.

News for Warner Bros Discovery Inc Stock (WBD)