Warner Bros
About: Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.
Employees: 35,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.8% less ownership
Funds ownership: 61.03% [Q1] → 60.23% (-0.8%) [Q2]
2% less funds holding
Funds holding: 1,186 [Q1] → 1,163 (-23) [Q2]
14% less call options, than puts
Call options by funds: $154M | Put options by funds: $180M
16% less capital invested
Capital invested by funds: $13B [Q1] → $11B (-$2.05B) [Q2]
17% less first-time investments, than exits
New positions opened: 115 | Existing positions closed: 138
19% less repeat investments, than reductions
Existing positions increased: 385 | Existing positions reduced: 476
21% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 11 (-3) [Q2]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Goldman Sachs Michael Ng 89% 1-year accuracy 16 / 18 met price target | 9%upside $8.50 | Neutral Maintained | 7 Oct 2024 |
Benchmark Matthew Harrigan 59% 1-year accuracy 37 / 63 met price target | 131%upside $18 | Buy Reiterated | 13 Sept 2024 |
Rosenblatt Barton Crockett 67% 1-year accuracy 31 / 46 met price target | 16%upside $9 | Neutral Maintained | 13 Sept 2024 |
Bernstein Laurent Yoon 0% 1-year accuracy 0 / 1 met price target | 3%upside $8 | Market Perform Downgraded | 13 Aug 2024 |
Macquarie Tim Nollen 67% 1-year accuracy 14 / 21 met price target | 3%upside $8 | Neutral Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 58 articles about WBD published over the past 30 days