Global entertainment and media company Warner Bros. Discovery (NASDAQ: WBD) will be reporting results this Thursday before market open. Here’s what investors should know.
Warner Bros. Discovery met analysts’ revenue expectations last quarter, reporting revenues of $9.81 billion, up 1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.
Is Warner Bros. Discovery a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Warner Bros. Discovery’s revenue to decline 4.2% year on year to $9.22 billion, in line with the 3.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Warner Bros. Discovery’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. fuboTV’s revenues decreased 2.3% year on year, beating analysts’ expectations by 4.9%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. fuboTV traded down 3.3% following the results while Nike was up 6.5%.
Read our full analysis of fuboTV’s results here and Nike’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Warner Bros. Discovery is up 18.1% during the same time and is heading into earnings with an average analyst price target of $20.98 (compared to the current share price of $22.54).
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