Analyst Expresses Concerns Over Warner Bros. Discovery's Increased Churn Rates, Lowers Expectations
Portfolio Pulse from Anusuya Lahiri
KeyBanc analyst Brandon Nispel has lowered his expectations for Warner Bros. Discovery (WBD) due to increased churn rates in his Key First Look Data. He has reduced WBD Domestic DTC Net Additions to -2.0 million from zero, resulting in lower 2Q and 2023 DTC subscription revenue estimates.
June 23, 2023 | 5:15 pm
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Warner Bros. Discovery's increased churn rates have led KeyBanc analyst Brandon Nispel to lower his expectations, resulting in reduced 2Q and 2023 DTC subscription revenue estimates.
The increased churn rates in Key First Look Data have led the analyst to lower his expectations for WBD. This directly impacts the company's 2Q and 2023 DTC subscription revenue estimates, which are now lower than consensus. As a result, the stock price is likely to be negatively affected in the short term.
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