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Warner Bros Discovery Inc (NASDAQ:WBD) was downgraded by Wolfe Research to "underperform" from "peer perform" this morning.
Warner Bros. Discovery (WBD) reachead $8.40 at the closing of the latest trading day, reflecting no change compared to its last close.
The rise in pay was partly related to the loss-making media conglomerate's decision to align its executive compensation to focus more on debt reduction and free cash flow.
David Zaslav saw his total compensation package last year jump by more than $10 million to $49.7 million in 2023 — with Warner Bros. Discovery awarding him a base salary of $3 million, plus $23 million in stock awards, and non-equity incentive plan compensation (a cash bonus) of $22 million.
New Zealand media site Stuff Group said on Tuesday it had signed an agreement with Warner Bros Discovery to provide Warner Bros Discovery's New Zealand television channel with a 6 p.m. daily news programme.
Warner Bros. Discovery (WBD) closed at $8.36 in the latest trading session, marking a +0.24% move from the prior day.
Warner Bros. Discovery has been heavily beaten down since it started trading, falling close to 70%. WBD produces substantial amounts of free cash flow which is going unrecognized by the market as they currently trade at a dirt cheap valuation. Although WBD has a substantial debt load, they have a concrete plan to pay it down over time ultimately alleviating concerns about being overleveraged.
NEW YORK , April 8, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today announced that it will report its first-quarter 2024 results on Thursday, May 9, 2024, before the market opens.
Warner Bros. Discovery is facing challenges in meeting market expectations. Management has been pushing back against unrealistic expectations and emphasizing the time needed for strategic decisions to show results. The streaming sector is particularly prone to misinformation and unrealistic expectations, but management has made progress in turning huge losses into small profits.
In the latest trading session, Warner Bros. Discovery (WBD) closed at $8.32, marking a -1.42% move from the previous day.