Will Warner Bros. Discovery Q2 results bring positive surprise?
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Warner Bros. Discovery (NASDAQ:WBD) is scheduled to announce Q2 earnings results on Thursday, August 4th, after market close.
The consensus EPS Estimate is $0.12 (-88.1% Y/Y) and the consensus Revenue Estimate is $11.9B (+288.9% Y/Y).
Over the last 2 years, WBD has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 4 downward. Revenue estimates have seen 5 upward revisions and 2 downward.
The company's stock fell -7.77% on April 26, the day it reported its Q1 results, which covered a quarter that ended just before Discovery merged with WarnerMedia to launch a new media powerhouse. Total revenue rose 13% to $3.16B, with international results leading the way.

In July, Goldman Sachs reinstated WBD at Buy, saying the merger has set up the company to achieve "material scale" as a global streaming name while still fortifying its linear networks business and enjoying cost synergies.
M&A: In July WBD stock gaining on a report that it was in talks with Amazon about restarting a deal that would let Amazon sell HBO Max directly from Prime. British regulators cleared the regional merger of the sports broadcasting businesses of Warner Bros. Discovery (WBD) and BT Group. According to a report in June, Nexstar Media was closing in on a deal to acquire majority control of the CW Network from its co-owners, WBD and Paramount Global.
Other News: According to a report, streaming usage took more than a third of TV usage in June. In May, Discovery+ launched as a premium destination on The Roku Channel adding a key distribution outlet for the growing streaming service.
The company also brought back Hollywood veteran Alan Horn, this time as a senior adviser to help with motion picture strategy.