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WBD

Warner Bros Discovery Series AB
Nasdaq / Media & Entertainment
Last Price
Quote time unavailable
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Current thesis
Streaming is the clearest positive: Q2 streaming revenue grew 10% ex-FX and streaming adjusted EBITDA rose 75% year over year. If this persists and transaction uncertainty declines, the shares could move toward or above the $29.86 median analyst target.
Posture
Constructive
Lead driver
Sentiment
What changed
3 setup hits (3d) with net bullish as of 2026-09-09.
What can break
Advertising weakness from the absence of the NBA and continued domestic linear audience declines.
Momentum
71
Value
54
Sentiment
69
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $29.86 · Bull $32.00 · Bear $23.50Analysis 2026-08-08; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-08 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-08 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-08

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-08. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $30.07
Why
Momentum71 · Δ7d +2.6
Value54 · Δ7d -0.0
Sentiment69 · Δ7d +6.1
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 3 setup hits (3d) with net bullish as of 2026-09-09.
  • • Sentiment remains the lead driver in the composite, 7D delta +6.1.

Contradictions & invalidation

  • • Advertising weakness from the absence of the NBA and continued domestic linear audience declines.
  • • Approximately $29.7 billion of net debt and 3.4x net leverage.
  • • The broader business remains pressured, with total revenue down 11%, advertising down 22%, content down 26%, adjusted EBITDA down 4%, and free cash flow down 19%.

Catalyst clock

2026-08-06

Q2 earnings showed streaming strength but a broad revenue miss

Lead driver: Sentiment · See AI snapshot
Momentum
71
9% active weight
Current posture
7d trendFlat
Δ7d
+2.6
Δ21d
+34.9
Value
54
28% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-8.4
Sentiment
69
62% active weight
Current posture
7d trendImproving
Δ7d
+6.1
Δ21d
-1.2
Why this grade

Composite grade B. Momentum 70.9 / Value 54.2 / Sentiment 68.7

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-08. Scenario method

B+
Bull case
25%
Probability
Target price
$32.00
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$29.86
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$23.50
Analysis reference price unavailable
Analysis 2026-08-08 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$70.12B
Beta
1.65
Shares Out
2.51B
P/E (TTM)
152.4
P/S (TTM)
1.87
P/FCF (TTM)
17.10
Rev YoY
-11.1%
EPS YoY
-90.8%
Gross Margin
+33.3%
Op Margin
+7.0%
Net Debt
$32.16B
Current Ratio
0.78
As of 2026-09-08 • Updated nightlySource: Internal modelMethods & Data