<p>我們認為智能的長期投資是正確的方向。但這並不意味着長期投資者可以避免重大損失。例如，<strong>華納兄弟探索公司</strong>（NASDAQ:WBD）的股價在五年內下跌了 59%。這至少可以説是極其不理想。最近股價下跌加速，在過去三個月內下跌了 16%。我們注意到該公司最近公佈了業績；市場對此並不感到高興。您可以在我們的公司報告中查看最新數據。</p>
<p>那麼讓我們來看看公司的長期表現是否與其基本業務的進展相符。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表是免費的。</p>
<p>鑑於華納兄弟探索公司在過去十二個月內沒有盈利，我們將重點關注收入增長，以快速瞭解其業務發展。一般來説，沒有盈利的公司預計每年都能實現收入增長，並且增長幅度良好。這是因為如果收入增長微不足道且從未盈利，就很難對公司的可持續性充滿信心。</p>
<p>在過去的五年中，華納兄弟探索公司的收入年均增長 32%。這遠高於大多數其他尚未盈利的公司。不幸的是，對於股東來説，股價每年下跌 10%——考慮到增長，這令人失望。這可能意味着高期望值已經被抑制，可能是因為投資者在關注底線。如果您認為公司能夠保持收入增長，您需要考慮這裏可能存在的機會。</p>
<p>下圖展示了收益和收入隨時間的變化（點擊圖片可揭示確切數值）。</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 收益和收入增長 2025 年 5 月 26 日</p>
<p>看到在過去三個月內有一些顯著的內部人士買入是件好事。這是一個積極的信號。另一方面，我們認為收入和收益的趨勢是衡量業務更有意義的指標。因此，查看分析師對華納兄弟探索公司未來收益的看法（免費的盈利預測）是非常有意義的。</p>
<h2>不同的視角</h2>
<p>我們很高興地報告，華納兄弟探索公司的股東在一年內獲得了 17% 的總股東回報。值得注意的是，五年年化總股東回報損失為每年 10%，與近期的股價表現相比非常不利。長期損失讓我們感到謹慎，但短期總股東回報的增長無疑暗示着更光明的未來。長期跟蹤股價表現總是很有趣。但要更好地理解華納兄弟探索公司，我們需要考慮許多其他因素。例如，考慮風險。每家公司都有風險，我們發現 <strong>華納兄弟探索公司有 1 個警示信號</strong>，您應該瞭解。</p>
<p>華納兄弟探索公司並不是唯一一個內部人士在買入的股票。對於那些喜歡尋找 <strong>不太知名的公司</strong> 的人來説，這份 <strong>免費的</strong> 近期內部人士購買的成長型公司名單可能正合適。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。</em></p>
<p>如果您想交易華納兄弟探索公司，請在專業人士信任的最低成本平台上開設賬户，Interactive Brokers。</p>
<p>IBKR 在 200 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
<p>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠優於大多數經紀商提供的服務。</p>
<p>贊助內容</p>

<p>華納兄弟探索公司（NASDAQ:WBD）在過去五年中股價下跌了 59%，最近三個月股價又下降了 16%。儘管年收入增長了 32%，但股價每年下降 10%，引發了投資者的擔憂。然而，股東在過去一年中獲得了 17% 的總回報，暗示着復甦的潛力。最近幾個月的內部人士買入是一個積極的信號，但由於長期虧損和現有風險，仍需保持謹慎</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>我們認為智能的長期投資是正確的方向。但這並不意味着長期投資者可以避免重大損失。例如，<strong>華納兄弟探索公司</strong>（NASDAQ:WBD）的股價在五年內下跌了 59%。這至少可以説是極其不理想。最近股價下跌加速，在過去三個月內下跌了 16%。我們注意到該公司最近公佈了業績；市場對此並不感到高興。您可以在我們的公司報告中查看最新數據。</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>那麼讓我們來看看公司的長期表現是否與其基本業務的進展相符。</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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表是免費的。</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>鑑於華納兄弟探索公司在過去十二個月內沒有盈利，我們將重點關注收入增長，以快速瞭解其業務發展。一般來説，沒有盈利的公司預計每年都能實現收入增長，並且增長幅度良好。這是因為如果收入增長微不足道且從未盈利，就很難對公司的可持續性充滿信心。</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>在過去的五年中，華納兄弟探索公司的收入年均增長 32%。這遠高於大多數其他尚未盈利的公司。不幸的是，對於股東來説，股價每年下跌 10%——考慮到增長，這令人失望。這可能意味着高期望值已經被抑制，可能是因為投資者在關注底線。如果您認為公司能夠保持收入增長，您需要考慮這裏可能存在的機會。</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>下圖展示了收益和收入隨時間的變化（點擊圖片可揭示確切數值）。</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 收益和收入增長 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>看到在過去三個月內有一些顯著的內部人士買入是件好事。這是一個積極的信號。另一方面，我們認為收入和收益的趨勢是衡量業務更有意義的指標。因此，查看分析師對華納兄弟探索公司未來收益的看法（免費的盈利預測）是非常有意義的。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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>我們很高興地報告，華納兄弟探索公司的股東在一年內獲得了 17% 的總股東回報。值得注意的是，五年年化總股東回報損失為每年 10%，與近期的股價表現相比非常不利。長期損失讓我們感到謹慎，但短期總股東回報的增長無疑暗示着更光明的未來。長期跟蹤股價表現總是很有趣。但要更好地理解華納兄弟探索公司，我們需要考慮許多其他因素。例如，考慮風險。每家公司都有風險，我們發現 <strong>華納兄弟探索公司有 1 個警示信號</strong>，您應該瞭解。</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>華納兄弟探索公司並不是唯一一個內部人士在買入的股票。對於那些喜歡尋找 <strong>不太知名的公司</strong> 的人來説，這份 <strong>免費的</strong> 近期內部人士購買的成長型公司名單可能正合適。</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>請注意，本文中引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。</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>如果您想交易華納兄弟探索公司，請在專業人士信任的最低成本平台上開設賬户，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 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</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>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠優於大多數經紀商提供的服務。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>贊助內容</p>
</div>

過去五年，Warner Bros. Discovery（納斯達克代碼：WBD）的投資者並未獲得盈利