Entertainment stocks were hit hard in 2022 as a steep rise in inflation sent investors running for the hills. However, the new year has brought optimism back to Wall Street. Warner Bros. Discovery's (NASDAQ: WBD) shares are up 59% year to date after plunging over 60% last year. Completion of the company's costly restructuring and the launch of a smash hit in its video game division have encouraged investors.

Warner Bros. Discovery still has a mountain to climb to pay off its debts and reach profitability, as the company took on $43 billion in debt after merging with Discovery last April. However, its long-term outlook is positive, with its stock currently offering the best value among its top competitors.

A bull market is coming, and here are two reasons to buy Warner Bros. Discovery.

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Source Fool.com