Warner Bros. Discovery (NASDAQ:WBD) shares have experienced significant fluctuation recently. The company's growth has been lacking but it managed to see its shares rocket by 30%; however, the stock's all-time lows were reached after considerable Q2 impairment charges. Notably, streaming strength and record subscriber gains have helped the business, allowing a 10% jump in stock. Research firm,
Wolfe Research, has recognized this potential, upgrading the company.
Max subscribers swelled by 7.2 million in their largest single-quarter jump, despite challenges posed by linear TV and issues with studio revenue - suggesting a digital shift is underway. The company's stock faced additional pressure when the company revealed plans to split in order to boost its stock price.
Stock market upswings resulted in WBD beating estimates, though sales have reported below analyst estimates in their Q3 earnings. The firm's stock was rated a 'buy' by
Macquarie, they also mentioned the potential increase in media revenue and content deals for the company.
Warner Bros Stocks WBD News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 15 Nov 2024 18:29:29 GMT -
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- Innovation -2
- Information +6
- Rumor +4
