Warner Bros Discovery Inc

WBD is in a Stage 4 decline, with price trading below declining 9/21 EMAs and the 50 DMA, confirming medium-term bearish control. Short-term conditions remain unfavorable for bullish entries, with price below all key EMAs and no sign of an oversold rebound. Execution aligns with the Momentum + EPS strategy, favoring selling into rallies around the declining EMA cluster.

• ↑HBO Max topped 150 million global subscribers, beating guidance
• ↑Q1 2026 revenue rose 20% YoY to $10.8 B, led by streaming
• ↓Fiscal 2026 EPS expected at -$1.07 implies sustained losses