Warner Bros. Discovery, Inc. (WBD) earnings on May 6, 2026
More Warner Bros. Discovery, Inc. earnings
Prior outlook: Pessimistic Outcome: Missed
The stock price saw a small drop after earnings, closing down slightly. This followed expectations that the stock might decline.
WBD price around the earnings
27.12
Change: -0.3%
2026-05-07, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
Analysts cautious — risk outweighs reward.
Analysts are cautious about this company, noting negative growth trends and a history of poor earnings surprises. While some news has been positive, the company's core fundamentals appear weak.
Context analyzed before publication
- Summary
- Analysts cautious — risk outweighs reward.
- Playbook
- The negative outlook is noted; new positions carry elevated risk, and some strategies could perform differently in a price-decline scenario.
- Trend
- No trend yet, first evaluation.
Analysts
Drivers
-
Analysts
Negative
Analyst ratings suggest a 'Hold' with expectations for potentially negative future earnings and revenue growth.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 3.14
- Analysts covering the stock
- 13
- Average price target
- 29.6
- Lowest price target
- 26
- Highest price target
- 31.25
- Upside to price target
- 8.4%
- Revenue growth
- -5.7%
- Forward EPS
- -0.02
- Trailing EPS
- 0.29
- Analyst moves in the last 60 days
- 1
- Strong buy: 0
- Buy: 1
- Hold: 17
- Sell: 2
- Strong sell: 1
- Strong buy
- 0
- Buy
- 1
- Hold
- 17
- Sell
- 2
- Strong sell
- 1
- March 10, 2026 · Freedom Broker: Maintains rating (Hold → Hold)
News and sentiment
Drivers
-
News & sentiment
Neutral
While there's positive news regarding streaming partnerships, it hasn't outweighed the weak fundamental picture.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- Barry Diller Says He'd Buy CNN 'Tonight' Before It Becomes 'Extinct' Amid Warner Bros-Paramount Deal: 'So Ripe For Innovation...' — Benzinga
- Streaming Strength, Stock Strain: Paramount Skydance's Hit Quarter Comes With A Plot Twist — Benzinga
- 'Paramount Seeks FCC Approval To Permit Foreign Investors To Indirectly Hold In Excess Of 25% Paramount's Equity As Part Of Warner Bros Deal Funding' - Reuters News — Benzinga
- Chris Murphy Vows To Break Up Media Giants Amid Paramount-Warner Bros. Discovery Merger Backlash — Benzinga
- Warner Bros. Discovery Receives Stockholders' Approval For Its Transaction With Paramount Skydance; The Transaction Is Expected To Close In Q3 2026, Subject To Customary Closing Conditions, Including Regulatory Clearances — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 0.9%
- Distance to 52-week high
- -8.9%
- 14-day change (14d)
- -0.5%
- 30-day change
- +0.3%
- 30-day relative strength
- -11.7%
- Benchmark change
- +12.1%
- Nearest support
- 26.6
- Nearest resistance
- 27.76
- Volume accumulation ratio
- 0.69
Trends
Evidence
- Average earnings surprise
- -11.9%
- February 26, 2026: actual EPS -0.1 vs estimate 0.04 (surprise -368.3%)
- November 6, 2025: actual EPS -0.06 vs estimate -0.05 (surprise -16.4%)
- August 7, 2025: actual EPS 0.63 vs estimate -0.23 (surprise +376.3%)
- May 8, 2025: actual EPS -0.18 vs estimate -0.13 (surprise -39.0%)
Expected move
Drivers
-
Past earnings
Negative
The company has a history of missing earnings expectations, with an average surprise significantly below expectations.
There is no implied-move data available for this event.
Reactions over its last 16 earnings
- Median move
- 5%
- 75th percentile move
- 10.4%
- 90th percentile move
- 14.7%
- Up / down moves
- 7 / 9
- Average up move
- +4.8%
- Average down move
- -9.0%
Monitoring and close
What Warner Bros. Discovery, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- -0.3%
- Max favorable move (MFE)
- 0.5%
- Max adverse move (MAE)
- 0.4%