reif

Visitors who have already scheduled trips tend not to cancel, but those who were considering a vacation may put it off if they’re concerned about their personal financial situations, said Jessica Reif Ehrlich, senior media and entertainment analyst at Bank of America.

“International visitors are really important,” Reif Ehrlich said.”They tend to spend more and stay longer so they’re really profitable.”

Bank of America analyst Jessica Reif Ehrlich has been blunt in her assessment that the firm, created by Discovery’s absorption of WarnerMedia in 2022, is not on an a sustainable path.

The stock slide “comes on the heels of significant under-performance over the last two years,” Reif Ehrlich wrote in a report Thursday.

Reif Ehrlich and other analysts have suggested the company look at asset sales, such as cleaving off its video game unit, which suffered a tough quarter as its “Suicide Squad” game dramatically underperformed, particularly compared to last year’s Harry Potter hit.