<p>我们认为智能的长期投资是正确的方向。但这并不意味着长期投资者可以避免重大损失。例如，<strong>华纳兄弟探索公司</strong>（NASDAQ:WBD）的股价在五年内下跌了 59%。这至少可以说是极其不理想。最近股价下跌加速，在过去三个月内下跌了 16%。我们注意到该公司最近公布了业绩；市场对此并不感到高兴。您可以在我们的公司报告中查看最新数据。</p>
<p>那么让我们来看看公司的长期表现是否与其基本业务的进展相符。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表是免费的。</p>
<p>鉴于华纳兄弟探索公司在过去十二个月内没有盈利，我们将重点关注收入增长，以快速了解其业务发展。一般来说，没有盈利的公司预计每年都能实现收入增长，并且增长幅度良好。这是因为如果收入增长微不足道且从未盈利，就很难对公司的可持续性充满信心。</p>
<p>在过去的五年中，华纳兄弟探索公司的收入年均增长 32%。这远高于大多数其他尚未盈利的公司。不幸的是，对于股东来说，股价每年下跌 10%——考虑到增长，这令人失望。这可能意味着高期望值已经被抑制，可能是因为投资者在关注底线。如果您认为公司能够保持收入增长，您需要考虑这里可能存在的机会。</p>
<p>下图展示了收益和收入随时间的变化（点击图片可揭示确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22666093-earnings-and-revenue-growth-1-dark/1748257367793?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22666093-earnings-and-revenue-growth-1-dark/1748257367793"/></p>
<p>NasdaqGS:WBD 收益和收入增长 2025 年 5 月 26 日</p>
<p>看到在过去三个月内有一些显著的内部人士买入是件好事。这是一个积极的信号。另一方面，我们认为收入和收益的趋势是衡量业务更有意义的指标。因此，查看分析师对华纳兄弟探索公司未来收益的看法（免费的盈利预测）是非常有意义的。</p>
<h2>不同的视角</h2>
<p>我们很高兴地报告，华纳兄弟探索公司的股东在一年内获得了 17% 的总股东回报。值得注意的是，五年年化总股东回报损失为每年 10%，与近期的股价表现相比非常不利。长期损失让我们感到谨慎，但短期总股东回报的增长无疑暗示着更光明的未来。长期跟踪股价表现总是很有趣。但要更好地理解华纳兄弟探索公司，我们需要考虑许多其他因素。例如，考虑风险。每家公司都有风险，我们发现 <strong>华纳兄弟探索公司有 1 个警示信号</strong>，您应该了解。</p>
<p>华纳兄弟探索公司并不是唯一一个内部人士在买入的股票。对于那些喜欢寻找 <strong>不太知名的公司</strong> 的人来说，这份 <strong>免费的</strong> 近期内部人士购买的成长型公司名单可能正合适。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>
<p>如果您想交易华纳兄弟探索公司，请在专业人士信任的最低成本平台上开设账户，Interactive Brokers。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远优于大多数经纪商提供的服务。</p>
<p>赞助内容</p>

<p>华纳兄弟探索公司（NASDAQ:WBD）在过去五年中股价下跌了 59%，最近三个月股价又下降了 16%。尽管年收入增长了 32%，但股价每年下降 10%，引发了投资者的担忧。然而，股东在过去一年中获得了 17% 的总回报，暗示着复苏的潜力。最近几个月的内部人士买入是一个积极的信号，但由于长期亏损和现有风险，仍需保持谨慎</p>

<p>We think intelligent long term investing is the way to go. But that doesn't mean long term investors can avoid big losses. For example the <strong>Warner Bros. Discovery, Inc.</strong> (NASDAQ:WBD) share price dropped 59% over five years. That is extremely sub-optimal, to say the least. The falls have accelerated recently, with the share price down 16% in the last three months. We note that the company has reported results fairly recently; and the market is hardly delighted. You can check out the latest numbers in our company report.</p>
<div class="lb-trans"><p>我们认为智能的长期投资是正确的方向。但这并不意味着长期投资者可以避免重大损失。例如，<strong>华纳兄弟探索公司</strong>（NASDAQ:WBD）的股价在五年内下跌了 59%。这至少可以说是极其不理想。最近股价下跌加速，在过去三个月内下跌了 16%。我们注意到该公司最近公布了业绩；市场对此并不感到高兴。您可以在我们的公司报告中查看最新数据。</p>
</div><p>So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.</p>
<div class="lb-trans"><p>那么让我们来看看公司的长期表现是否与其基本业务的进展相符。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表是免费的。</p>
</div><p>Given that Warner Bros. Discovery didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.</p>
<div class="lb-trans"><p>鉴于华纳兄弟探索公司在过去十二个月内没有盈利，我们将重点关注收入增长，以快速了解其业务发展。一般来说，没有盈利的公司预计每年都能实现收入增长，并且增长幅度良好。这是因为如果收入增长微不足道且从未盈利，就很难对公司的可持续性充满信心。</p>
</div><p>In the last half decade, Warner Bros. Discovery saw its revenue increase by 32% per year. That's well above most other pre-profit companies. Unfortunately for shareholders the share price has dropped 10% per year - disappointing considering the growth. This could mean high expectations have been tempered, potentially because investors are looking to the bottom line. If you think the company can keep up its revenue growth, you'd have to consider the possibility that there's an opportunity here.</p>
<div class="lb-trans"><p>在过去的五年中，华纳兄弟探索公司的收入年均增长 32%。这远高于大多数其他尚未盈利的公司。不幸的是，对于股东来说，股价每年下跌 10%——考虑到增长，这令人失望。这可能意味着高期望值已经被抑制，可能是因为投资者在关注底线。如果您认为公司能够保持收入增长，您需要考虑这里可能存在的机会。</p>
</div><p>The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).</p>
<div class="lb-trans"><p>下图展示了收益和收入随时间的变化（点击图片可揭示确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22666093-earnings-and-revenue-growth-1-dark/1748257367793" alt="" original-src="https://images.simplywall.st/asset/chart/22666093-earnings-and-revenue-growth-1-dark/1748257367793"/></p>
<p>NasdaqGS:WBD Earnings and Revenue Growth May 26th 2025</p>
<div class="lb-trans"><p>NasdaqGS:WBD 收益和收入增长 2025 年 5 月 26 日</p>
</div><p>It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. So it makes a lot of sense to check out what analysts think Warner Bros. Discovery will earn in the future (free profit forecasts).</p>
<div class="lb-trans"><p>看到在过去三个月内有一些显著的内部人士买入是件好事。这是一个积极的信号。另一方面，我们认为收入和收益的趋势是衡量业务更有意义的指标。因此，查看分析师对华纳兄弟探索公司未来收益的看法（免费的盈利预测）是非常有意义的。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>We're pleased to report that Warner Bros. Discovery shareholders have received a total shareholder return of 17% over one year. Notably the five-year annualised TSR loss of 10% per year compares very unfavourably with the recent share price performance. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It's always interesting to track share price performance over the longer term. But to understand Warner Bros. Discovery better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted <strong>1 warning sign for Warner Bros. Discovery</strong> you should know about.</p>
<div class="lb-trans"><p>我们很高兴地报告，华纳兄弟探索公司的股东在一年内获得了 17% 的总股东回报。值得注意的是，五年年化总股东回报损失为每年 10%，与近期的股价表现相比非常不利。长期损失让我们感到谨慎，但短期总股东回报的增长无疑暗示着更光明的未来。长期跟踪股价表现总是很有趣。但要更好地理解华纳兄弟探索公司，我们需要考虑许多其他因素。例如，考虑风险。每家公司都有风险，我们发现 <strong>华纳兄弟探索公司有 1 个警示信号</strong>，您应该了解。</p>
</div><p>Warner Bros. Discovery is not the only stock that insiders are buying. For those who like to find <strong>lesser know companies</strong> this <strong>free</strong> list of growing companies with recent insider purchasing, could be just the ticket.</p>
<div class="lb-trans"><p>华纳兄弟探索公司并不是唯一一个内部人士在买入的股票。对于那些喜欢寻找 <strong>不太知名的公司</strong> 的人来说，这份 <strong>免费的</strong> 近期内部人士购买的成长型公司名单可能正合适。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>
</div><p>If you're looking to trade Warner Bros. Discovery, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果您想交易华纳兄弟探索公司，请在专业人士信任的最低成本平台上开设账户，Interactive Brokers。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远优于大多数经纪商提供的服务。</p>
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<div class="lb-trans"><p>赞助内容</p>
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过去五年，Warner Bros. Discovery（纳斯达克代码：WBD）的投资者并未获得盈利