06:50 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target by $3 to $9 to reflect that WBD's strategy is taking longer than we expected. Our $9 target is supported by a conservative valuation of 6.2x TEV/EBITDA that is below its 10-year historic average at 9.8x. Our underlying valuation for WBD is also below other direct peers like Fox Corporation (FOXA 50 *****), which currently trades at 7.8x. We think our target speaks to the sizable challenges WBD has to execute profitable growth in a fast-changing business, pay-TV networks declining, and intense competition with video streaming. We cut our EPS estimates by $0.40 to -$0.35 for 2025 and by $0.70 to -$0.10 for 2026. WBD reported Q1 2025 results below expectations, with a loss of $0.18 per share missing consensus by $0.06 and revenue of $9.0B declining 10% Y/Y. WBD reported Q1 2025 results below expectations, with a loss of $0.18 per share missing consensus by $0.06 and revenue of $9.0B declining 10% Y/Y. We believe further streamlining of WBD to reduce operating costs is needed.