Wrapping up Q4 earnings, we look at the numbers and key takeaways for the consumer discretionary - media stocks, including fuboTV (NYSE: FUBO) and its peers.

The Consumer Discretionary sector, by definition, is made up of companies selling non-essential goods and services. When economic conditions deteriorate or tastes shift, consumers can easily cut back or eliminate these purchases. For long-term investors with five-year holding periods, this creates a structural challenge: the sector is inherently hit-driven, with low switching costs and fickle customers. As a result, only a handful of companies can reliably grow demand and compound earnings over long periods, which is why our bar is high and High Quality ratings are rare. Media companies create, aggregate, and distribute content—including news, entertainment, and advertising—across television, print, digital, and out-of-home channels. Tailwinds include growing digital advertising budgets, content licensing opportunities, and global audience expansion through streaming and social platforms. Headwinds are substantial: traditional advertising revenue from print and linear TV continues its structural decline as audiences migrate to digital alternatives. Content creation costs are escalating amid intense competition for talent and intellectual property. Media fragmentation makes it difficult to build sustainable audience scale, while AI-generated content threatens to commoditize production and disrupt established business models.

The 7 consumer discretionary - media stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 3.2%.

While some consumer discretionary - media stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.3% since the latest earnings results.

fuboTV (NYSE: FUBO)

Originally launched as a soccer streaming platform, fuboTV (NYSE: FUBO) is a video streaming service specializing in live sports, news, and entertainment content.

fuboTV reported revenues of $1.55 billion, up 40% year on year. This print exceeded analysts’ expectations by 13.5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ adjusted operating income and EPS estimates.

fuboTV achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. Still, the market seems discontent with the results. The stock is down 5.1% since reporting and currently trades at $12.74.

Read our full report on fuboTV here, it’s free.

Best Q4: Warner Music Group (NASDAQ: WMG)

Launching the careers of legendary artists like Frank Sinatra, Warner Music Group (NASDAQ: WMG) is a music company managing a diverse portfolio of artists, recordings, and music publishing services worldwide.

Warner Music Group reported revenues of $1.84 billion, up 10.4% year on year, outperforming analysts’ expectations by 4.1%. The business had a very strong quarter with an impressive beat of analysts’ adjusted operating income estimates.

The market seems happy with the results as the stock is up 5.1% since reporting. It currently trades at $29.64.

Is now the time to buy Warner Music Group? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Warner Bros. Discovery (NASDAQ: WBD)

Formed from the merger of WarnerMedia and Discovery, Warner Bros. Discovery (NASDAQ: WBD) is a multinational media and entertainment company, offering television networks, streaming services, and film and television production.

Warner Bros. Discovery reported revenues of $9.46 billion, down 5.7% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

Warner Bros. Discovery delivered the slowest revenue growth in the group. As expected, the stock is down 4.9% since the results and currently trades at $27.49.

Read our full analysis of Warner Bros. Discovery’s results here.

The New York Times (NYSE: NYT)

Founded in 1851, The New York Times (NYSE: NYT) is an American media organization known for its influential newspaper and expansive digital journalism platforms.

The New York Times reported revenues of $802.3 million, up 10.4% year on year. This print beat analysts’ expectations by 1.4%. Zooming out, it was a mixed quarter as it also recorded a narrow beat of analysts’ revenue estimates but a miss of analysts’ EBITDA estimates.

The stock is up 8.2% since reporting and currently trades at $78.14.

Read our full, actionable report on The New York Times here, it’s free.

Disney (NYSE: DIS)

Founded by brothers Walt and Roy, Disney (NYSE: DIS) is a multinational entertainment conglomerate, renowned for its theme parks, movies, television networks, and merchandise.

Disney reported revenues of $25.98 billion, up 5.2% year on year. This result surpassed analysts’ expectations by 0.8%. Overall, it was a strong quarter as it also put up an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.

The stock is down 7.9% since reporting and currently trades at $103.85.

Read our full, actionable report on Disney here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.