Warner Bros May Lose The NBA — But Its Stock Is Still A Buy. Here's Why. [Forbes]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Forbes
here are plenty of reasons to doubt Warner Bros. Discovery. The media giant was formed in 2022, born from a $43 billion merger between AT&T's WarnerMedia and Discovery. The marriage brought together a trove of content, ranging from the Barbie movie and Looney Tunes to Harry Potter, HGTV, and HBO, and initially boasted a market capitalization matching the deal's $43 billion price tag. So far, that's proven to be the high watermark. Its shares have languished since, with market capitalization plunging to just $18 billion, largely due to what Wells Fargo analyst Steven Cahall called after its second-quarter earnings announcement last year. If the situation described by Cahall was painful almost a year ago, things have gotten even worse. In the first four months of this year, Warner Bros. Discovery shares are down 30% falling from $11 to under $8. Like other traditional media and entertainment companies, WBD is facing a weak advertising market, the rise of so-called cord cutting an
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WBD
News
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- A Massive Media Decision Could Be in M.L.B.’s Future [The New York Times]The New York Times
- Disney and Bob Iger Just Pulled a Fast One on Netflix [Yahoo! Finance]Yahoo! Finance
- This English teacher ditched the 9 to 5 to lead treks across the desert [CNN]CNN
WBD
Earnings
- 5/9/24 - Miss
WBD
Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/14/24 - Form 8-K
- WBD's page on the SEC website