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Stock Market Sell-Off: Is Warner Bros. Discovery a Buy?

TheMotleyFool

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Stock Market Sell-Off: Is Warner Bros. Discovery a Buy?: https://g.foolcdn.com/editorial/images/714547/streaming-video-cord-cutting-cable-roku-getty.jpeg

Warner Bros. Discovery (NASDAQ: WBD) stock plummeted 60% in 2022, leading to concerns about when or how it can bounce back. The company faces headwinds seemingly on all fronts: with streaming video, in the movie studio, and on broadcast and cable TV.

Warner Bros. is a major streaming video leader in its own right with 95 million subscribers across HBO, HBO Max, and Discovery+. It also owns some of WarnerMedia's top franchises, such as Harry Potter, has access to notable characters in the DC Comics universe, and recently scored a major hit with the Game of Thrones spinoff House of the Dragon.

Image source: Getty Images.

Source Fool.com

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