Warner Bros. Discovery, amid a crackdown on DEI by the Trump administration, is jettisoning the diversity and equity parts of its DEI initiatives.

Warner Bros. Discovery (WBD) is climbing 3.5% after KeyBanc reiterated an Overweight rating and maintained a $14 price target on the shares. KeyBanc’s note came after WBD issued upbeat guidance on its streaming services yesterday morning.

Global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) in Q4 CY2024, with sales falling 2.5% year on year to $10.03 billion. Its GAAP loss of $0.20 per share was significantly below analysts’ consensus estimates.