Warner Bros. Discovery Inc Ordinary Shares - Class A
WBD: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $87.00 | Lsbjf | Wnxsrxlm |
Warner Bros. Discovery Reports Weak Start to New Future; Combined DTC Platform to Launch in 2023
/s3.amazonaws.com/arc-authors/morningstar/fab4d3e1-7951-4575-a38d-fd2028ad4ae3.jpg)
In its first quarter as a combined company, Warner Bros. Discovery posted weak second-quarter results with pro forma revenue (excluding currency effects) down 1% year over year. Management laid out its streaming plans, including the launch of a single streaming platform that will combine HBO Max and Discovery+ next summer in the U.S., with a global rollout to 70 countries to follow over the next two years. However, some countries, notably the U.K., Germany, and Italy, will not receive the new platform until after 2025 due to the HBO/Sky deal.