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 70 countries.
Employees: 35,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 14 [Q3] → 21 (+7) [Q4]
49% more first-time investments, than exits
New positions opened: 188 | Existing positions closed: 126
38% more capital invested
Capital invested by funds: $12.2B [Q3] → $16.9B (+$4.68B) [Q4]
4.65% more ownership
Funds ownership: 60.35% [Q3] → 65.0% (+4.65%) [Q4]
3% more funds holding
Funds holding: 1,128 [Q3] → 1,165 (+37) [Q4]
2% more call options, than puts
Call options by funds: $480M | Put options by funds: $469M
32% less repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 475
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Barrington Research James Goss 47% 1-year accuracy 39 / 83 met price target | 75%upside $16 | Outperform Maintained | 13 May 2025 |
Wells Fargo Steven Cahall 69% 1-year accuracy 24 / 35 met price target | 9%upside $10 | Equal-Weight Maintained | 9 May 2025 |
Barclays Kannan Venkateshwar 70% 1-year accuracy 16 / 23 met price target | 2%downside $9 | Equal-Weight Maintained | 9 May 2025 |
Morgan Stanley Benjamin Swinburne 75% 1-year accuracy 15 / 20 met price target | 9%upside $10 | Equal-Weight Maintained | 6 May 2025 |
Keybanc Brandon Nispel 56% 1-year accuracy 9 / 16 met price target | 42%upside $13 | Overweight Maintained | 14 Apr 2025 |
Financial journalist opinion
Based on 72 articles about WBD published over the past 30 days
