Warner Bros. Discovery (WBD) stock rose 20% in a month due to content growth and partnerships.

From Nasdaq: 2024-12-18 10:32:00

Warner Bros. Discovery (WBD) shares have surged 19.9% in a month, outperforming the Consumer Discretionary sector and the Broadcast Radio and Television industry. The rise is driven by a growing subscriber base from Max and strong content, despite challenges in linear TV and studio performance.

WBD is enhancing its prospects through strategic partnerships, such as with Disney – Hulu (DIS), and a focus on original content. Max’s global subscriber count of 110 million is supported by popular titles like House of the Dragon and Dune: Prophecy. However, challenges remain in its linear TV and studio businesses.

Revenue estimates for WBD in Q4 2024 indicate growth, with a 2.31% increase in revenues and earnings of 7 cents per share. Full-year 2024 revenues are expected to decline by 3.79%. WBD has a history of beating and missing earnings estimates, with an average negative surprise of 525.45%.

Investors should consider WBD’s strong D2C segment and international expansion, but also be mindful of challenges in its linear TV business and studio performance. With a Zacks Rank #3 (Hold), it may be prudent to wait for a more favorable entry point in the stock.

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Read more at Nasdaq: WBD Rises 20% in a Month: How Should You Play the Stock?