Warner Bros. Discovery Falls 17% YTD: How Should You Play the Stock?
Warner Bros. Discovery(WBD) ZACKS·2024-11-21 01:06
Warner Bros. Discovery (WBD) shares have dipped 16.7% year to date, underperforming the broader Zacks Consumer Discretionary sector’s return of 10.9%. WBD shares have also lagged the Zacks Broadcast Radio and Television industry’s growth of 44.3% and its peers Netflix (NFLX) , Fox (FOXA) and Townsquare Media (TSQ) . Over the same time frame, shares of NFLX and FOXA have gained 79.1% and 54.2%, respectively, while shares of Townsquare fell 6.2%.During the nine months ended Sept. 30, 2024, WBD revenues fell 6 ...