Discovery Guides Normalised HEPS Up 18%-23% to 1735.1-1808.6 Cents
WBD has more than doubled off its 52-week low of $11.25.
Summary
Discovery Limited (JSE: DSBP/DSY) issued a trading statement for the year ended 30 June 2026, guiding basic normalised headline earnings per share (HEPS) up 18%-23% to 1735.1-1808.6 cents. This is a material positive update, indicating strong operational performance despite the ongoing antitrust litigation surrounding the Paramount Skydance acquisition. The guidance follows the Q2 2026 report showing a $162M profit but a six-month loss of $2.7B due to the Netflix breakup fee. The HEPS growth suggests underlying profitability is improving, which could support the stock near its 52-week high. Traders will watch for the final audited results and any updates on the merger trial set for March 2027.
At the time of this announcement, WBD was trading at $28.60 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $72.6B. The 52-week trading range was $11.25 to $30.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.