Warner Bros. Discovery (WBD) has received quite a bit of attention from Zacks.com users lately.
Warner Bros. Discovery said it plans to add veteran tech investor Anton Levy as an independent director on its soon-to-expand board of directors. The company's existing board, which consists of 13 directors, on Monday approved an expansion to 14 timed to the annual shareholder meeting later this spring.
Warner Bros. Discovery's debt load remains a concern, with $39.5 billion in long-term debt, despite paying down $5.3 billion last year. Management aims to reduce leverage from 4x to 3x, with over $16 billion repaid since WBD's formation. Bearish sentiment persists, but Zaslav and Malone view debt reduction as the first step toward a broader company transformation.
In the most recent trading session, Warner Bros. Discovery (WBD) closed at $10.74, indicating a +0.85% shift from the previous trading day.
Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.
Warner Bros. Discovery's gross debt reduced by $4.23 billion (9.6%) in 2024; $40 billion at year-end. 4.4x gross debt / EBITDA, 1.2-3.0x target re-affirmed. Debt reduction moving from imperative to elective.
Warner Bros. Discovery reported another weak quarter, with a 2.5% YoY revenue decline and a $0.20 loss in Q4. DTC subscribers grew significantly, with domestic subs up ~10% YoY and international subs reaching 59.8 million, driving $1 billion in annual revenues. Max's streaming market share is only 1.3%, trailing competitors like Netflix and Disney, raising concerns about long-term success and viewership engagement.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
WBD's fourth-quarter results reflect dullness in overall advertising and distribution revenues.
iIvestors shrugged off a surprise loss for the fourth quarter due to ongoing declines in its traditional television business and weaker ad sales.
Warner Bros. Discovery's DTC and studios results were “very encouraging,” one analyst noted.
Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of $0.04.