Warner Bros. Discovery (WBD) is climbing 3.5% after KeyBanc reiterated an Overweight rating and maintained a $14 price target on the shares. KeyBanc’s note came after WBD issued upbeat guidance on its streaming services yesterday morning.

Global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) in Q4 CY2024, with sales falling 2.5% year on year to $10.03 billion. Its GAAP loss of $0.20 per share was significantly below analysts’ consensus estimates.

Warner Bros. Discovery, amid a war on diversity, equity and inclusion programs by the Trump administration, is jettisoning the diversity and equity parts of its DEI initiatives. Going forward, WBD’s “overarching work in this space will now be referred to as Inclusion,