WBD

Warner Bros Discovery Series AD

Nasdaq / Media & Entertainment

At close

2026-07-18

Current thesis

The bull read after Q1 is that the headline loss was heavily distorted by the Netflix termination fee while underlying streaming and studios trends improved, and the stock still trades below the disclosed $31.00 cash merger consideration in the PSKY agreement [#10-Q-2026-05-06].

Posture

Defensive

Lead driver

Value

What changed

1 setup hits (3d) with net bullish as of 2026-07-13.

What can break

Free cash flow was negative $476 million in Q1, pressured by higher net content investment, higher tax payments, working-capital timing, and about $100 million of separation and transaction-related items. [#8-K-2026-05-06]

Momentum

Value

Sentiment

Setup hits (3d)

1 · Net Bullish

AI TargetsBase $28.00 · Bull $30.50 · Bear $21.50

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-13 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bullish

Target $29.98

Why

Momentum30 · Δ7d -5.9

Value63 · Δ7d -0.1

Sentiment47 · Δ7d -4.4

So what

Weak posture (Net Bullish). Prioritize risk control and patience.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

-5.9

Δ21d

-20.6

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.1

Δ21d

-0.3

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-4.4

Δ21d

-2.2

Why this grade

Composite grade D. Momentum 29.6 / Value 62.7 / Sentiment 46.9

Fundamentals (TTM)

As of 2026-07-13

Market Cap

$67.92B

Beta

1.65

Shares Out

2.51B

P/E (TTM)

152.4

P/S (TTM)

1.87

P/FCF (TTM)

17.10

Rev YoY

-0.8%

EPS YoY

+535.9%

Gross Margin

+30.8%

Op Margin

+9.4%

Net Debt

$32.16B

Current Ratio

0.73

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology