WBD·Warner Bros. Discovery, Inc.

Warner Bros. Discovery (WBD) is at the center of significant developments. Paramount's latest bid was rejected, but David Ellison's firm has a week to submit a final offer, with Netflix able to match any offer. This competitive environment, where Netflix may increase its offer, could influence WBD's valuation. MNTN's CEO views WBD as strategically crucial for Paramount, particularly due to its HBO content, which is a key driver of value. Simultaneously, the US Justice Department is investigating the potential impact of a WBD sale on theater chains, introducing regulatory uncertainty. Traders should monitor this investigation, as it could affect WBD's strategic options. WBD's earnings release date is set for February 26, 2026, with a conference call scheduled for the same day. While Zacks anticipates earnings growth, other sources suggest WBD may not meet expectations. Investors should prepare for potential volatility around the earnings release.