Warner Bros. Discovery (WBD)
NASDAQCommunication ServicesEntertainmentSnapshot 2026-07-07
$26.120.00%
Close 2026-07-07 · 1-day change
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Track WBD free→Warn: Management is running behind on a stated commitment.
Warner Bros. Discovery aims for over 150 million global subscribers by 2026. The company targets $3 billion free cash flow in 2026. The recent merger approval supports growth. Loan refinancing improves financial flexibility.
The company is still loss-making with negative EPS in 2026. Operating cash flow declined sharply in early 2026. Revenue growth is weak and earnings missed recently. Regulatory risks could delay the merger.
The price is about 7% above our fair value near $25. Analysts expect about 1.5% revenue growth. Our fair value is 21% below the Street median of $31.
Breaks if: free cash flow falls below $2 billion in FY26
Focus on improving cash flow from operating activities.
Stated in 3 of last 3 quarters. Cash provided by operating activities decreased to $(208) million in 2026-Q1 from $1,804 million in 2025-Q4, indicating a decline in operational cash flow. Despite management's focus, the trajectory shows limited progress in enhancing cash from operations.
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Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Cash provided by operating activities was $(208) million.”
“Cash from operations improved to $1,804 million.”
“We are focused on enhancing cash from operations.”
Breaks if: subscriber count falls below 140 million by end of 2026
Aim to exceed 150 million global subscribers by the end of 2026.
Breaks if: merger blocked or delayed beyond 2026