Shares of Warner Bros. Discovery, Inc. WBD are trading higher Monday.
CNBC's David Faber reports on news from Warner Bros. Discovery and the NBA.
The NBA and Warner Bros. Discovery have reached a settlement that will allow the league to move forward with Disney, Comcast's NBCUniversal and Amazon as its media partners.
Insiders, including key officers, have been net buyers of Warner Bros. Discovery stock. Purchases include significant acquisitions by the President, International. The settlement of the NBA dispute removes a huge unknown from the future of the company.
Warner Bros Discovery has settled its breach of contract lawsuit against the National Basketball Association (NBA), the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Analysts believe CNN makes what looks like a decent amount of money, around $750 million this year. Sounds good until you realize that's down from over $1 billion in 2020.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
Warner Bros. Discovery achieved decent financial results despite YoY revenue declines and maintained a double-digit FCF yield, making it a good investment. The company's studios segment saw YoY underperformance, but content revenues remain strong, and the streaming segment continues to grow, especially internationally. The balance sheet is impacted by significant debt, but with $3.5 billion in cash and manageable interest rates, the focus is on debt reduction.
Warner Bros. Discovery's third-quarter results reflect strong DTC subscriber growth, partially offset by dullness in the studios segment.
Warner Bros. Discovery achieved its first company-wide profit post merger. The DTC segment reported its best quarter ever. EBITDA was at record levels. The studios segment underperformed due to the "Barbie" movie in the previous fiscal year and "Joker" being a disappointment.
Warner Bros. Discovery (WBD) shares surged Thursday after the media giant posted better-than-expected earnings as its Max streaming service set a record for new subscribers.
Warner Bros. Discovery says it will beef up ads on its Max streaming service.