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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Rob Fishman | MoffettNathanson | 12 | 17% |
| Jessica Ehrlich | Bank of America | 8 | 0% |
| Rich Greenfield | LightShed Partners | 8 | 13% |
| Steve Cahall | Wells Fargo | 7 | 14% |
| Kannan Venkateshwar | Barclays | 6 | 67% |
| John Hodulik | UBS | 5 | 0% |
| Bryan Kraft | Deutsche Bank | 5 | 0% |
| Ben Swinburne | Morgan Stanley | 5 | 20% |
| Ric Prentiss | Raymond James | 4 | 0% |
| Mike Ng | Goldman Sachs | 4 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| MoffettNathanson | 1 | 12 | 17% |
| Bank of America | 1 | 8 | 0% |
| LightShed Partners | 1 | 8 | 13% |
| Wells Fargo |
| 1 |
| 7 |
| 14% |
| Barclays | 1 | 6 | 67% |
| Deutsche Bank | 1 | 5 | 0% |
| Morgan Stanley | 1 | 5 | 20% |
| UBS | 1 | 5 | 0% |
Warner Bros. Discovery meaningfully exceeded the 140 million subscriber guidance, raising the year-end target to 150 million+ as HBO Max European expansion required heavy investment. Total revenue declined modestly as cord-cutting headwinds continued offsetting a 16% sequential improvement in general entertainment delivery trends versus Q4. The Paramount Skydance acquisition was approved while streaming profitability improved, though the company remained loss-making overall as the content renaissance and creative excellence drove cultural relevance.
Competitive Dynamics | Revenue Growth | Subscriber Growth | Capex Investment | Margin | Pricing | M&A | Product Launch | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 3 | 3 | 2 | 3 | 2 | 2 | 2 |
| 2025Q1 | 4 | 3 | 4 | 3 | 3 | 2 | 2 | |
| 2025Q2 | 6 | 5 | 4 | 2 | 1 | 4 | 2 | |
| 2025Q3 | 4 | 3 | 2 | 4 | 1 | 2 | 2 | 1 |
| 2025Q4 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | |
| 2026Q1 | 5 | 2 | 3 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 7 | 4 | 6 | 4 | 2 | 5 |
| Revenue Growth | 3 | 3 | 5 | 3 | 3 | 2 |
| Subscriber Growth | 3 | 4 | 4 | 2 | 1 | 3 |
| Capex Investment | 2 | 3 | 2 | 4 | 2 | |
| Margin | 3 | 3 | 1 | 1 | 1 | 2 |
| Pricing | 2 | 2 | 4 | 2 | ||
| M&A | 2 | 2 | 2 | 1 | 2 | |
| Product Launch | 2 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WBD Warner Bros. Discovery | 4 | -0.8% | |
| DIS The Walt Disney Company | 7 | +6.5% | |
| FOX Fox Corporation (Class B) | 5 | -8.6% | |
| LYV Live Nation Entertainment | 7 | +12.2% | |
| NFLX Netflix, Inc. | 8 | +16.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| TKO TKO Group Holdings | 8 | +25.9% |