Media stocks post strong Q1 as WMG leads revenue beats, FUBO sells off despite growth

Consumer discretionary media companies reported stronger-than-expected first-quarter results, with revenue across seven tracked stocks beating analyst estimates by an average 1.9%, according to a May 14, 2026, earnings review. The New York Times Co. (NYSE: NYT) reported revenue of $712.2 million, up 12% from a year earlier and 1.7% above estimates. The company also beat earnings per share and adjusted operating income expectations. Shares were little changed after results and traded at $77.36. Warner Music Group (NASDAQ: WMG) posted the largest revenue beat in the group, with sales rising 16.7% to $1.73 billion, 7.5% above estimates. Its shares rose 5.5% to $32.75. Warner Bros. Discovery (NASDAQ: WBD) reported flat revenue of $8.89 billion and missed adjusted operating income and EPS estimates. fuboTV (NYSE: FUBO) had the fastest growth, with revenue up 39.8% to $1.57 billion, but its shares fell 19.4% to $10. Disney (NYSE: DIS) revenue rose 6.5% to $25.17 billion.