Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league.Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.The league selected three media partners — Disney, Comcast's NBCUniversal and Amazon Prime Video — to be its U.S. distributors of live games ...

I analyze oil and gas companies, related companies, and Warner Bros. Discovery in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign ...

Things might look gloomy at CNN with layoffs, salary cuts and a new digital programming model that may or may not work. But On The Money has learned that private equity firms have been crunching the numbers on a possible acquisition of the ratings-challenged network.Don’t exactly hold your breath for anything happening soon, my sources both at CNN and in the private equity business tell me. The network’s parent, Warner Bros Discovery, isn’t yet shopping CNN.Indeed, no firm has made a bid, my sources tell me ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Warner Bros. Discovery (NASDAQ: WBD ) is one of the largest media companies in America. The company was spun off from AT&T and has one of the largest cont ...

Warner Bros. Discovery (WBD) stock rose nearly 12% after the company reported strong streaming results in the third quarter of 2024, including its largest-ever quarterly subscriber growth since the launch of Max. However, revenues missed expectations as the media giant struggled with a drop in its studios segment and continued declines from its linear TV business.Revenues came in at $9.62 billion, missing the Zacks Consensus Estimate by 3.4% and declining 3.6% year over year. The company reported adjusted e ...

I analyze oil and gas companies, related companies, and Warner Bros Discovery in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign u ...

Key TakeawaysWarner Bros. Discovery posted better-than-expected earnings as its Max streaming service set a record for new subscribers.The movie, TV, and streaming entertainment provider added 7.2 million subscribers in the third quarter. Shares surged Thursday following the release, though even with Thursday's gains, they remained lower for the year. Warner Bros. Discovery (WBD) shares surged Thursday after the media giant posted better-than-expected earnings as its Max streaming service set a record for ...

Warner Bros. Discovery says it will beef up ads on its Max streaming service.Max serves fewer ads per hour compared to other streaming platforms.Max added 7.2 million subscribers in its third quarter, reaching 110.5 million total subscribers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you'r ...

Warner Bros. Discovery (WBD) reported third-quarter 2024 earnings of 5 cents per share, significantly higher than the Zacks Consensus Estimate of a loss of 7 cents. The company had incurred a loss of 17 cents in the year-ago quarter. Revenues decreased 6.2% year over year to $9.62 billion, which missed the Zacks Consensus Estimate by 3.4%.Advertising revenues decreased 6.4% year over year to $1.68 billion. Distribution revenues dropped 2.1% year over year to $4.92 billion. Content revenues declined 4.1% yea ...

Financial Data and Key Metrics Changes - The company has paid down more than $16 billion in debt, with expectations for strong cash generation in the upcoming quarter [9] - Direct-To-Consumer (D2C) revenue reached $2.6 billion, up 9% year-over-year, while EBITDA increased by over 175% year-over-year to $290 million [17] - Free cash flow generated was approximately $630 million, reflecting a year-over-year decline of nearly $1.4 billion due to higher net cash content spend [57] Business Line Data and Key Metrics Changes - The Direct-To-Consumer segment saw significant growth, adding 7.2 million subscribers in Q3 alone, totaling over 110 million subscribers globally [16] - The Networks business continues to be a core part of the company, with a renewal agreement with Charter Communications indicating ongoing value [24][25] - The Studios business is experiencing challenges, with a focus on improving consistency and performance, particularly in the Motion Picture segment [28][29] Market Data and Key Metrics Changes - Internationally, the D2C segment is expanding, with Max launching in 65 markets and plans for further expansion in Southeast Asia and Australia [21] - The company is seeing strong demand for its content, particularly in international markets, which is driving subscriber growth [20][22] Company Strategy and Development Direction - The company is focused on three strategic areas: deploying Max globally, optimizing the Networks business, and returning Studios to industry leadership [14] - Investments in new technologies, platforms, and creative talent are aimed at accelerating growth and enhancing shareholder value [11][12] - The company believes its content will provide a competitive advantage and is committed to achieving a target of $1 billion in EBITDA by 2025 [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the generational disruption in the industry, presenting both challenges and opportunities [34] - There is confidence in the ongoing growth of the D2C segment, with expectations for continued revenue and subscriber growth [35] - The company is committed to improving performance across all segments and enhancing shareholder value [60] Other Important Information - The company is actively evaluating content licensing strategies to maximize revenue and support the growth of its D2C product [54][56] - The company anticipates improved profit results for its Studios in Q4, driven by a successful quarter for Warner Bros TV [52] Q&A Session Summary Question: Opportunities for DTC subscriber acquisition and EBITDA expectations - Management discussed the balance between investments in subscriber acquisition and the expectation for DTC EBITDA to exceed $1 billion in 2025, highlighting growth in established markets [61][64] Question: Discussions with distributors and studio approach - Management confirmed ongoing discussions with other distributors regarding innovative deal structures similar to the Charter agreement, emphasizing the long-term potential of the Studio business [75][80] Question: US subscriber growth and international partnerships - Management noted that the US subscriber growth is impacted by price-sensitive households and highlighted the importance of partnerships and bundling strategies to drive growth [84][90] Question: Confidence in cable network renewals - Management expressed confidence in upcoming renewals with Comcast, citing the value of unique content and successful past collaborations [99][100] Question: M&A and asset sales/spins - Management reiterated the focus on enhancing shareholder value and acknowledged the potential for industry consolidation, while not providing specific details on asset sales or acquisitions [103][106]