Why Warner Bros. Discovery (WBD) Stock Is Trading Up Today
Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 11.1% in the afternoon session after the company reported decent fourth-quarter results that beat analysts' EBITDA estimates, driven by stronger performance in the Direct-to-Consumer (DTC) and Studios segments. The company also added more Max subscribers than expected. However, both revenue and earnings fell short. While the results were mixed, the quarter still showcased notable strengths.