7 Best Streaming and TV Stocks To Invest In

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

Number of Hedge Fun Holders: 48

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a premier global media and entertainment company. The company creates and distributes the most differentiated portfolio of content and brands across television, film, and streaming. WBD serves consumers globally through content that informs, entertains, and inspires.

WBD boasts one of the largest collections of owned content in the world. The firm has a strong position in the industry due to the completeness and quality of assets and intellectual property across news, sports, lifestyle, and entertainment in virtually every region worldwide and in most languages. Some of its most iconic brands include Discovery Channel, discovery+, CNN, DC, Eurosport, and HBO.

The firm saw growing momentum related to its top priority, its direct-to-consumer (DTC) business. Global DTC subscribers were 103.3 million at the end of Q2, an increase of 3.6 million subscribers versus Q1. In the Direct-to-Consumer segment, distribution revenue and advertising revenue increased while content revenue declined. Global DTC Average Revenue Per User (ARPU) 7) increased 4% ex-FX to $8.00. The revenues for the studio segment and the networks segment declined.

Therefore, Warner Bros. Discovery, Inc. (NASDAQ:WBD) leads with its collection of world-leading brands. As of Q2, the stock is held by 48 hedge funds.