
WBD Stock Forecast & Price Target
WBD Analyst Ratings
Bulls say
Warner Bros. Discovery is anticipated to achieve robust financial performance through its streaming and studio segments, with projected fourth-quarter EBITDA of $404 million and a full-year estimate of $1.38 billion, aligning with management's guidance. The studio division is expected to exceed $2.4 billion in full-year EBITDA, fueled by a strong theatrical slate, content licensing revenue, and gaming franchises. The company's strategy of separating its networks from streaming and studios in 2026 positions it for enhanced operational focus and potential value creation, contributing to a positive long-term outlook.
Bears say
Warner Bros. Discovery is expected to experience an 11% decline in Networks segment EBITDA in 2026, projecting a reduction to $5.8 billion, mainly due to ongoing secular pressures on linear advertising revenue and the loss of NBA content, which has historically driven viewer engagement and advertising demand. The company faces significant risks from persistent cord-cutting trends and the rise of "skinny bundles," which are anticipated to lead to high single-digit declines in distribution revenue. Additionally, factors such as potential recessionary impacts on consumer spending, competition from digital platforms, and execution risks in subscriber retention and cost-cutting could further undermine revenue growth and cash flow stability, potentially affecting the firm's overall valuation.
This aggregate rating is based on analysts' research of Warner Bros Discovery Inc and is not a guaranteed prediction by Public.com or investment advice.
WBD Analyst Forecast & Price Prediction
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