UBS raises Warner Bros. Discovery price target to $31
Warner Bros. Discovery, Inc. saw its price target lifted by UBS to $31 from $30. The company reported $8.9 billion in total revenues for Q1 2026.
The revenue reflects a 3% ex-FX decrease from the prior year quarter. Net loss available to the company was $2.9 billion, including $1.3 billion of pre-tax acquisition-related amortization.
Total adjusted EBITDA for the quarter was $2.2 billion, relatively unchanged ex-FX compared to the prior year quarter. A $2.8 billion termination fee paid to Netflix was also included in the net loss.
The company’s operations are divided into Studios, Networks, Direct-to-Consumer, and Corporate segments, providing a portfolio of brands, content, and franchises across film, television, gaming, and streaming, with AI potentially playing a role in its growth.