Just last week, we discovered that entertainment giant Warner Bros. Discovery (WBD) was building some new live sports chops with Extreme H racing. That by itself was interesting enough, but now, we discover a whole new sports connection going on at Warner. Warner is building a connection with Supertri racing. Though investors did not seem especially interested in Warner’s new connection to this niche sport. They and sent shares sliding nearly 2% in the closing minutes of Monday’s trading.
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Warner will now be handling live coverage of all Supertri League events in 2025, handling coverage throughout Europe, as well as Ireland specifically via TNT Sports. Supertri League, for those not familiar, is basically what Super League Triathlon used to be; a “…fast, technical and tactical…” racing league of triathlon racers. The first match under this new arrangement, reports note, will come out July 26 in Toronto, Canada, the league opening match for Supertri League 2025.
It will go on from there, reports note, to events in Chicago, Jersey–a Crown dependency of the United Kingdom–and Toulouse in France. Considering all the smaller, almost niche, sports that Warner has been gathering unto itself for the last several months, this looks like an attempt to rebuild, effectively in aggregate, what it lost back when it lost the rights to NBA games. And while there is a certain risk of losing panache here, the possibility that one of these odd sports could be a breakout hit is worth pursuing.
Pushing India Harder
We have long known that Warner has been courting the Indian market. Its pursuit of “homegrown heroes” for the kids’ lineup has borne at least some fruit. And this plan may be working to Warner’s advantage as Skandha will be bringing the Warner channels to the Indian market.
Skandha Media Services will be bringing, among other channels, Cartoon Network, CNN International, and Eurosport to India via its over-the-top (OTT) platform. With Skandha bringing out over 150,000 hours of content with over 60 million views so far, it becomes that much clearer why Warner was pushing so hard to get that India-specific content.
Is WBD Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on nine Buys and eight Holds assigned in the past three months, as indicated by the graphic below. After a 57.81% rally in its share price over the past year, the average WBD price target of $12.50 per share implies 13.48% upside potential.
