Warner Bros. Discovery (WBD) News Today

Warner Bros. Discovery, Inc. (NASDAQ: WBD) shares have moved on a mix of analyst upgrades, robust second-quarter results driven by blockbuster films and streaming growth, and concerns around ad-revenue softness and the upcoming company split.

• Positive Sentiment: Morgan Stanley raised its price target to $13.00 from $10.00 with an “equal weight” rating, implying nearly 10% upside. Price Target Raised
• Positive Sentiment: Q2 results beat expectations with $0.63 EPS versus a loss estimate of $0.16 and revenue of $9.81 billion, up 1% year-over-year. Q2 Earnings Beat
• Positive Sentiment: Film studios delivered a surprise profit, fueled by hits like “Sinners” and “A Minecraft Movie,” driving a $1.3 billion net income and 38% theatrical revenue growth. Robust Film Slate
• Positive Sentiment: Subscriber additions topped forecasts amid the split strategy, boosted by HBO Max’s Australia launch and bullish UK, Germany and Italy rollouts. Streaming Growth
• Neutral Sentiment: Management plans to target 12–14 annual theatrical releases across Warner Bros. Pictures, DC Studios, New Line Cinema and Animation to sustain box-office momentum. Theatrical Release Plan
• Negative Sentiment: Advertising revenue remains sluggish, partially offsetting gains in distribution and content licensing. Ad Revenue Weakness
• Negative Sentiment: Analysts caution that the planned split could strip HBO Max of key content rights, risking subscriber churn. Content Split Risks