10 Best Entertainment Stocks to Buy According to Billionaires

5. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Billionaire Investors: 15

Number of Hedge Fund Holders: 64

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a leading global mass media and entertainment conglomerate. The company offers a complete portfolio of branded content across tv, film, streaming, and gaming in over 220 countries and territories around the world. Some of the company’s most iconic brands and products include Warner Bros. film and television studios, Discovery Channel, Max, discovery+, CNN, TNT, Eurosport, HBO, TLC, Animal Planet, Science Channel, New Line Cinema, and Cartoon Network. Warner Bros. Discovery, Inc. (NASDAQ:WBD) ranks among the best entertainment stocks to buy according to billionaires.

The company is working to expand and strengthen its global streaming business while also improving profitability in its Direct-to-Consumer (DTC) segment. The launch of Max as a global streaming service in 2024 greatly strengthened Warner Bros. Discovery, Inc.’s (NASDAQ:WBD) content monetization capabilities. The DTC segment saw a 20% year-over-year growth in subscribers and contributed substantial profits. In just two years, the company improved its DTC Adjusted EBITDA performance by almost $3 billion. In 2024, Warner Bros. Discovery, Inc. (NASDAQ:WBD) launched Max in over 70 countries and added 19 million DTC subscribers. The company generated nearly $700 million in DTC Adjusted EBITDA. Warner Bros. Discovery, Inc. (NASDAQ:WBD) aims to reach $1.3 billion in DTC Adjusted EBITDA by 2025. Strong DTC subscriber growth is expected to continue throughout 2025 and the company plans to reach at least 150 million global subscribers by the end of 2026. Warner Bros. Discovery, Inc. (NASDAQ:WBD) has secured agreements to expand Max’s reach, including a deal with Sky in the UK and Ireland that will bring Max to about 10 million of their current subscribers by Q2 2026. The company will also launch Max in Germany and Italy in Q1 2026.