Warner Bros. Discovery logged lower revenue in the fourth quarter, driven by declines across each of its segments, as it remains in the middle of a high-stakes bidding war between Netflix and Paramoun... ...

Warner Bros. Discovery Reports Fourth-Quarter and Full-Year 2025 Results | | | | Three Months Ended December 31, | | | | Twelve Months Ended December 31, | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | 2024 | % Change | | 2025 | 2024 | % Change | | | $ in millions | | | | Reported | Ex-FX(') | | | Reported | Ex-FX(') | | Distribution | କି | 4,789 | 49 4,917 | (3)% | $ (3)% | 19,262 | $ 19,701 | (2)% | (2)% | | Advertising | | 1,703 | 1.830 | (7)% | (9)% | 7,306 | 8,090 | (10 ...

Warner Bros Discovery , at the center of a high-stakes bidding war, reported a 6% drop in quarterly revenue, hurt by declines for its traditional TV and film businesses though its HBO Max streaming se... ...

Berkshire Hathaway's new Chief Executive Greg Abel faces numerous challenges as the successor to famed billionaire Warren Buffett. ...

NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter and full year ended December 31, 2025. ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) will release earnings for the fourth quarter before the opening bell on Thursday, Feb. 26.Analysts expect the New York-based company to report quarterly earnings at 3 cents per share. That's down from 20 cents per share in the year-ago period. The consensus estimate for Snowflake's quarterly revenue is $9.38 billion (it reported $10.03 billion last year), according to Benzinga Pro.The company has missed analyst revenue estimates for 15 straight quarters.Shares of Wa ...

Core Viewpoint - Warner Bros. Discovery, Inc. is expected to report a significant decline in quarterly earnings and revenue, continuing a trend of missing analyst estimates for the past 15 quarters [1]. Earnings Expectations - The company is projected to report earnings of 3 cents per share for the fourth quarter, a decrease from 20 cents per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $9.38 billion, down from $10.03 billion reported last year [1]. Stock Performance - Shares of Warner Bros. Discovery fell by 0.9%, closing at $28.90 on Wednesday [2].

An unpopular merger could be averted.Shares of Netflix (NFLX +5.99%) rose on Wednesday, as it became more likely that its pending acquisition of Warner Bros. Discovery's (WBD 0.84%) film studios and HBO Max streaming service could fall through.By the close of trading, Netflix's stock price was up nearly 6%. Paramount to the rescue Netflix is locked in a fierce bidding war with media conglomerate Paramount Skydance (PSKY 1.88%). The battle drove Netflix's offer price for WBD's assets up to an enterprise valu ...

Core Viewpoint - Netflix CEO Ted Sarandos is making a significant effort to secure the acquisition of Warner Bros. Discovery's streaming service and studio amid rising antitrust concerns and political challenges [1][3][6]. Group 1: Acquisition Efforts - Sarandos is heading to Washington to address antitrust concerns related to Netflix's plans to integrate Warner Bros. Discovery's streaming service with its own [1][3]. - The acquisition deal is valued at $73 billion, which has raised concerns among Netflix shareholders regarding the financial implications and the debt required to finance the deal [6][12]. - Warner Bros. Discovery is reconsidering its agreement with Netflix due to a competing bid from Paramount Skydance, which has proposed a higher offer of $31 per share [8][9]. Group 2: Political and Regulatory Challenges - Sarandos is engaging in a lobbying effort that includes potential meetings with political figures, including President Trump, to mitigate antitrust scrutiny [2][3]. - GOP lawmakers are skeptical of Netflix's programming, viewing it as politically biased, which complicates the company's efforts to gain regulatory approval for the acquisition [4][6]. - The Department of Justice is reportedly scrutinizing Netflix's business model under antitrust laws, which could pose significant hurdles for the acquisition [15][16]. Group 3: Competitive Landscape - Paramount Skydance's bid is seen as having a better chance of regulatory approval due to less overlap with existing services, making it a formidable competitor in the acquisition process [10][14]. - The outcome of the acquisition will be determined by a shareholder vote on March 20, which has garnered significant attention from investors and media alike [12][16]. - The ongoing negotiations and competitive bids highlight the strategic importance of Warner Bros. Discovery's assets, including HBO Max and CNN, in the media landscape [12][17].

Core Viewpoint - The ongoing merger discussions between Warner Bros. Discovery (WBD) and Paramount have prompted Netflix to consider its position, with speculation about whether it will increase its offer or withdraw from negotiations [1][2]. Group 1: Netflix's Position and Market Reaction - Netflix shares rose by 6% following the news of WBD extending merger talks with Paramount, despite a nearly 30% decline in its stock since last November [1][3]. - Co-CEO Ted Sarandos is actively engaging with political figures to bolster Netflix's case in the merger discussions [1][2]. - The company has maintained a commitment to disciplined capital allocation, indicating that it will not pursue the deal if the financials do not justify it [5][7]. Group 2: Merger Dynamics and Financial Considerations - WBD's board extended the negotiation window, suggesting that Paramount's improved offer could be seen as superior to Netflix's, which is currently at $27.75 per share [4][7]. - The shareholder vote on the Netflix transaction is scheduled for March 20, which adds urgency to the negotiations [4]. - Analysts predict that final bids may exceed the current $31 offer from Paramount, with expectations that Netflix may not justify a higher bid than $30 [7][8]. Group 3: Human Factors in Decision-Making - The decision-making process in mergers is influenced by the individuals in leadership positions, highlighting the importance of human factors alongside financial metrics [6][7]. - The dynamics of management beliefs and information asymmetry can significantly impact the outcome of the negotiations [7].