Wolfe Research upgraded Warner Bros. Discovery (NASDAQ:WBD) to "peer perform" from "under perform," seeing a balanced risk/reward opportunity even with the $40B in gross debt for the company. They said that re-bundling and partnership trends at Max would also create a plausible path to stable total company EBITDA.

Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door to industry consolidation, he said on Thursday.

Prime Video customers will be able to subscribe to watch the likes of 'The Penguin,' 'House of The Dragon,' 'The Last of Us,' and the upcoming 'Dune: Prophecy.'

Warner Bros. Discovery's Max serves fewer ads per hour compared to other streaming platforms.

Warner Bros. Discovery posted a surprise profit and revealed that its streaming service Max had had its best-ever quarter on Thursday, sending its stock higher.The company, which is the parent of the movie studio Warner Bros.

Warner Bros. Discovery posted better-than-expected earnings as its Max streaming service set a record for new subscribers, sending shares higher Thursday.

Warner Bros. Discovery stock rose on momentum in the Max streaming biz and the potential for Trump to grease the wheels for industry consolidation.

Investing.com - Wolfe Research has upgraded shares of Warner Bros. Discovery (NASDAQ:WBD) to Peer Perform from Underperform following its Q3 results last week, and assigned a fair value range of $5-$16 based on multiple scenarios driving a range