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Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.
Many prominent Wall Street analysts and well-regarded economists are predicting a potential market downturn, or even a crash, this year. Observers say this is particularly likely if the economy falls into a recession, as some people continue to expect.
Tom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, the challenges facing the company and CEO David Zaslav, the streaming landscape at large, and more.
Warner Bros. Discovery was beaten up by the market when management did not provide specific 2024 guidance. The company should see tailwinds from the end of the writers' and actors' strikes, a stabilizing advertising market, and a continued focus on D2C profitability. WBD is trading at about half of my fair value estimate and is much cheaper than even its low-growth peers, especially on price/FCF.
A review of Warner Bros. Discovery's Q4/23 earnings report reveals a mixed picture. The market clearly punished the company for not providing 2024 guidance. Here is why I think that not providing guidance is actually a positive.
Warner Bros. Discovery (NASDAQ: WBD) stock price has plummeted to a record low as concerns about the company remains.
Warner Bros. Discovery has found a significant cash cushion that is helping with the transition of its assets to become a formidable competitor. The company is prioritizing collecting money owed, which lowers the deleveraging risk considerably. Despite challenges in the advertising market, and elsewhere in the business, management has increased cash flow and decreased leverage, improving the debt ratio.
Romantic comedies seem to be a dying breed of film. Last year, rom-coms, as the movies are known, grossed a total of $86 million at the global box office.
Needham's Laura Martin and TD Cowen's Doug Creutz, join 'Power Lunch' to discuss the media bullfight between Disney and Warner Bros Discovery.
Warner Bros. Discovery (WBD) slides after 4Q mises estimates.