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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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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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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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.

Paramount Global

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LOS ANGELES — Union leaders and Hollywood studios reached a tentative agreement Sunday to end a historic screenwriters strike after nearly five months, though no deal is yet in the works for striking actors.

Tentative deal reached to end Hollywood writers strike, union says

Hollywood writers reached a tentative labor agreement with major studios on Sunday, the Writers Guild of America said, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions.

Striking Hollywood writers reach tentative deal with studios

Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed this week after months of starts and stops.

Hollywood writers and studios reach tentative deal to end strike after nearly 150 days

Hollywood studios and striking screenwriters are expected to resume talks held for the last two days on Fridaym amid rising hopes for an end to the nearly five-month dispute that has brought many film and television productions to a halt, the Hollywood Reporter reported. On Thursday, the Writers Guild of America and the Alliance of Motion Picture and Television Producers, which represents the industry's studios, streaming services and production companies, negotiated for a second full day at the latter organization's headquarters in Los Angeles.

Hollywood studios and striking writers expected to resume talks on Friday: Reprt

Warner Bros Discovery Inc (NASDAQ:WBD) is set to expand its UK studios following the success of the Barbie film, which had filmed several scenes at the site, reports revealed on Friday. Undergoing a significant expansion next summer, the Leavesden facility, located near London, will increase its capacity by over 50% and is expected to help generate approximately 4,000 jobs, either directly or indirectly, across the country.

Warner Bros expands UK Barbie studio

Warner Bros Discovery on Thursday said it planned to expand production capacity at its Leavesden studios near London by more than 50%, adding 10 new sound stages to the facility where much of the "Barbie" blockbuster and HBO's "House of the Dragon" were filmed.

Warner Bros to expand UK studios' production capacity by over 50%

Shares of streaming companies and major studios were higher Thursday, amid media reports that the unions representing writers and producers are close to an agreement to end a months-long strike.

Netflix, Disney and Warner Bros. Discovery shares higher on hopes for end to writers' strike

Warner Bros. Discovery said it will add a live sports tier to streamer Max on Oct. 5, bring NBA, NHL, MLB and March Madness games to the platform.

Live sports are headed to Max, as Warner Bros. Discovery adds a new tier to streaming app

New CNN CEO Mark Thompson begins his job in October, and he'll likely focus on building a subscription digital businesses around CNN and CNN.com.

After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability

The Writers Guild of America plans to resume negotiations with Hollywood studios on Wednesday, the WGA announced Monday.  The WGA, which represents 11,500 screenwriters, encouraged its members to continue picketing even as talks open back up.

Writers Guild of America to resume negotiations with studios this week

The WGA and the AMPTP will start talking again. Dual writers and actors strikes have shut down Hollywood.

Writers union will resume strike negotiations with studios this week

Twenty-First Century Fox

FuboTV

Radio and television broadcast companies, Warner Bros. Discovery (WBD), Fox Corporation (FOXA) and fuboTV (FUBO), benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

3 Broadcast Radio & TV Stocks to Watch in a Challenging Industry

Raymond James analyst Ric Prentiss initiated coverage of Disney and Warner Bros. with Outperform ratings, and Paramount with a Market Perform rating.

Disney and Warner Stocks Get a New Bull

Streaming stocks have been in the penalty box for a while. Notably, investors have been questioning their ability to pivot to profitability.

The 3 Most Undervalued Streaming Stocks to Buy in September 2023

Warner Bros. Discovery has made significant progress in integrating and improving its businesses since its merger in April 2022. WBD's debt structure is favorable, with low-cost fixed-rate, long-term staggered maturity debt with an average life of 14+ years and an average rate of 4.6%. The fair value of WBD's fixed-rate debt is significantly less than its book value (by approximately $6.9 billion), presenting an opportunity for the company to purchase its debt at discounts.

Warner Bros. Discovery: The Market Is Misunderstanding The Favorable Debt Structure

That was Warner Bros. Discovery CEO Gunnar Wiedenfels talking about the ongoing strikes between Hollywood film studios and writers and actors unions, at a Bank of America conference this week.

Warner Bros. Discovery executive on the Hollywood strikes: ‘We have to get back to work'

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Warner Bros. Discovery, Inc. CEO Zaslav's management track record makes it a better bet than other streamers in the sector. Warner Bros. and Disney have similar debt loads, but the former's management execution makes it a buy at $11 a share. The blend of experience and skills from CEO Zaslav and key holder John Malone make Warner Bros. Discovery, Inc. a good bet for long-term profitability.

Warner Bros. Discovery: If You Believe In Zaslav And Malone, Now's The Time To Move

Warner Bros. Discovery, Inc. (NASDAQ:WBD ) Bank of America Securities 2023 Media, Communications & Entertainment Conference September 14, 2023 8:50 AM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - Bank of America Securities Jessica Reif Ehrlich Welcome to day two.

Warner Bros. Discovery, Inc. (WBD) Bank of America Securities 2023 Media, Communications & Entertainment Conference (Transcript)

Warner Bros. Discovery CFO Gunnar Wiedenfels echoed recent sentiments from Netflix and other major TV and film producers, saying the industry must resolve the ongoing strikes and “get back to work.” That's easier said than done, of course, with the WGA and SAG-AFTRA both dug in and little movement in talks with the AMPTP.

Warner Bros. Discovery Has Been “Really Shut Down” By Strikes, CFO Says, But Free Cash Flow Is Rising As Company Is “Unable To Deploy Capital” For Production

Warner Bros. Discovery will likely increase cash flow just by collecting old debts and billing customers for old items in addition to improving operations. The historical improvement is about to take an unusual turn when management found billions of unbilled and uncollected receivables. The reported cash flow highlights the need for immediate action, and the results show that the company is on track to generate the cash it is capable of.

Warner Bros. Discovery: Free Cash Flow Leap

Like many horrors before it, bad reviews didn't scare off moviegoers from buying tickets for “The Nun II.” The sequel to the 2018 hit, released in 3,728 theaters by Warner Bros.

News for Warner Bros Discovery Inc Stock (WBD)