Goldman Sachs Lowers Warner Bros Discovery Q1 Estimates Amid Streaming Challenges

Goldman Sachs analyst Michael Ng maintains a Neutral rating on Warner Bros Discovery (NASDAQ: WBD) with a $10.75 price target. The Q1 EBITDA estimate is now $2.03 billion (previously $2.08B), with revenue lowered to $9.54B. Lower ARPU and weaker box office performance impacted projections, though subscriber growth and international expansion could drive future gains.