Tag: Warner Bros. Discovery
Warner Bros. Discovery Meets Quarterly Earnings Expectations
Warner Bros. Discovery released its third-quarter earnings on Wednesday, beating Wall Street estimates despite battling with a sluggish advertising market and two Hollywood strikes. The company, which is a merger WarnerMedia and Discovery, reported a Q3 revenue of $9.98 billion.
Free cash flow for the...
Warner Bros. Discovery Unveils Details on New “Max” Streaming Service
Warner Bros. Discovery revealed new key details about its upcoming streaming launch during a press event held on Wednesday. The media officially announced that the new streaming platform would be known as "Max", with its tagline being, "Max — the one to watch."
Max will...
Goldman Sachs Recommends Buying Warner Bros. Discovery, Downgrades Paramount
For those looking to invest in streaming, Goldman Sachs analyst Brett Feldman recommends being bullish on Warner Bros. Discovery (WBD). On the other hand, Paramount Global (PARA) is the one stock you should avoid.
In a note sent to clients on Tuesday, Feldman and his...