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  4. Warner Bros Discovery Gains as HBO Says 'House of the Dragon' is Its Largest Series Premiere Ever
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Warner Bros Discovery Gains as HBO Says 'House of the Dragon' is Its Largest Series Premiere Ever

By Senad Karaahmetovic Shares of Warner Bros Discovery (NASDAQ:WBD) are up about 1.5% in premarket Tuesday after HBO said the premiere of “House of the Dragon,” a prequel to “Game...
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Warner Bros Discovery Gains as HBO Says 'House of the Dragon' is Its Largest Series Premiere Ever © Reuters. Warner Bros Discovery Gains as HBO Says 'House of the Dragon' is Its Largest Series Premiere Ever

By Senad Karaahmetovic

Shares of Warner Bros Discovery (NASDAQ:WBD) are up about 1.5% in premarket Tuesday after HBO said the premiere of “House of the Dragon,” a prequel to “Game of Thrones,” attracted the largest audience of any new original series in its history.

The first episode, which aired on Sunday, was seen by 9.986 million viewers. HBO added that Sunday night viewership is typically about 20% to 40% of the show’s total audience.

“It was wonderful to see millions of ‘Game of Thrones’ fans return with us to Westeros last night,” commented Casey Bloys, chief content officer for HBO and HBO Max.

The premiere of “House of the Dragon” comes at times when HBO is looking to cut costs with WSJ reporting recently the WBD’s streaming division cut 70 staff.

The first episode currently has an 82% rating on Rotten Tomatoes.

The WBD stock has seen its price target cut to $21 from $29 at Citi to reflect weaker-than-expected Q2 revenue, adjusted EBITDA, and DTC subscribers.

“We maintain our Buy rating, as we continue to like WBD on the merits of its DTC pivot and potential synergies from its recently closed merger,” a Citi analyst said in a client note yesterday.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

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GBP/USD

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USD/JPY

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AUD/USD

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USD/CAD

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EUR/JPY

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Adidas AG

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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