Warner Brothers Discovery (WBD) PT Lowered to $16 at Deutsche Bank

Warner Brothers Discovery (WBD) PT Lowered to $10 at Bernstein SocGen Group

May 10, 2024 5:17 AM EDT

Bernstein SocGen Group analyst Laurent Yoon lowered the price target on Warner Brothers Discovery (NASDAQ: WBD) to $10.00 (from $11.00) while maintaining a Outperform rating.... More

KeyBanc Upgrades Warner Brothers Discovery (WBD) to Overweight

May 10, 2024 2:32 AM EDT

(Updated - May 10, 2024 5:06 AM EDT)

KeyBanc analyst Brandon Nispel upgraded Warner Brothers Discovery (NASDAQ: WBD) from Sector Weight to Overweight with a price target of $11.00.

The analyst comments "We upgrade WBD OW and establish a $11 PT. For one of the first... More

Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise

May 9, 2024 8:17 AM EDT

(Updated - May 9, 2024 11:31 AM EDT)

Investing.com -- Main U.S. indexes rose Thursday amid signs of cooling in the labor market following a rise in weekly jobless claims, boosting hopes the Federal Reserve will lower interest rates.

Here are some of the biggest U.S. stock movers today:

Arm Holdings (NASDAQ: ARM) ADRs slumped 2% after the chip designer delivered annual revenue guidance that fell short... More

Warner Bros. Discovery (WBD) earnings, revenue miss consensus estimates

May 9, 2024 7:41 AM EDT

(Updated - May 9, 2024 10:52 AM EDT)

Warner Bros. Discovery (NASDAQ: WBD) reported first-quarter results that fell short of Wall Street expectations. The company's shares initially fell but are now up 1.5% on the day.

The media giant posted an adjusted loss per share of -$0.40, which was $0.17 below the analyst estimate of -$0.23. Revenue for the quarter also missed the mark, coming in at $9.96 billion compared to the consensus estimate of $10.22 billion.

The company's revenue decreased by 7% from the same quarter last year, excluding foreign exchange... More

Warner Bros Discovery squeezed by studio slump, weak ad spending

May 9, 2024 7:10 AM EDT

By Harshita Mary Varghese

(Reuters) -Warner Bros Discovery posted a quarterly loss that was larger than expected as advertising sales slumped at its cable TV unit and the studio segment contended with the fallout of last year's Hollywood strikes and poor demand for a "Suicide Squad" game.

The results amplified the media companies' struggles with subdued advertising in the U.S. and certain international markets as businesses responded to the possibility of higher-for-longer interest rates with a tight leash on costs.

Ad revenue at the company's networks segment fell 11% in the first quarter. On Tuesday,... More

Warner Bros. Discovery (WBD) Misses Q1 EPS by 17c

May 9, 2024 7:09 AM EDT

Warner Bros. Discovery (NASDAQ: WBD) reported Q1 EPS of ($0.40), $0.17 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $9.96 billion versus the consensus estimate of $10.22 billion.

For earnings history and earnings-related data on Warner Bros. Discovery (WBD) click here.

... More

Warner Bros. Discovery (WBD) May weekly 8 straddle into quarter results

May 9, 2024 5:35 AM EDT

Warner Bros. Discovery (NASDAQ: WBD) May weekly 8 straddle priced for a move of 10% into the expected release of quarter results today.

... More

Disney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max

May 8, 2024 6:02 PM EDT

By Lisa Richwine

LOS ANGELES (Reuters) -Walt Disney and Warner Bros Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the United States starting this summer, the companies said in a statement on Wednesday.

Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed.... More

Warner Bros. Discovery (WBD) Plans Fresh Cost Cuts, Hike In Max Price - Bloomberg

May 8, 2024 12:26 PM EDT

(Updated - May 8, 2024 12:31 PM EDT)

Warner Bros. Discovery (NASDAQ: WBD) CEO David Zaslav ordered lieutenants to find additional opportunities for cost-cutting to hit financial targets for the next couple of years, according to Bloomberg, citing people with knowledge of the matter.... More