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As Merger Hangs In The Balance, Paramount And WBD Step Into Quarterly Earnings Spotlight
['Dade Hayes']
Deadline
In an alternate timeline, Paramount would be reporting quarterly earnings this week as Warner Bros.
As it stands now, however, both companies are due to report – Paramount on Tuesday afternoon and WBD before the market opens Thursday.
After a huge runup during the months when it was pursued by Paramount, Comcast and Netflix, WBD stock has slipped 7% from the time of the Paramount deal in late-February.
On the bright side for both companies, Paramount+ and HBO Max are both showing growth, but the question for both will be about their remaining upside.
In an uncanny bit of timing, this week (Friday, to be exact) is also the one-year anniversary of Paramount’s merger with Skydance.