Warner Bros. Discovery, ConocoPhillips, Airbnb earnings and jobless claims due Thursday

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Summary · why it matters

Several major earnings reports and key labor data are set for Thursday, August 6. Before the market opens, ConocoPhillips will report second-quarter results, with attention on the integration of Marathon Oil, while stronger crude prices are expected to support pricing and production near the upper end of guidance. Warner Bros. Discovery also reports before the open, with analysts expecting the loss of NBA programming to weigh on results, including a roughly 20% decline in linear advertising, though streaming remains a bright spot and the pending Paramount merger will likely dominate the conversation. After the closing bell, Airbnb announces quarterly results, with its push to add boutique and independent hotels potentially accelerating supply growth, but softer consumer sentiment and rising travel costs remain key risks, and room nights are expected to grow with the World Cup likely providing a boost. In the middle of these earnings, weekly initial jobless claims are forecast to rise compared to the prior week, ahead of Friday's full jobs report.

Impact on assets 4

Communication Services▼ · 2 stocks
Warner Bros Discovery Inc
WBD
▼ NegativeDemandrelevance

Warner Bros. Discovery expected to report loss of NBA programming weighing on results, with linear advertising declining ~20%.

Paramount Skydance Corporation
PSKY
± MixedCapitalrelevance

Pending Paramount merger mentioned as dominating conversation for Warner Bros. Discovery, but not directly discussed for Paramount Skydance.

Energy▲ · 1 stocks
ConocoPhillips
COP
▲ PositivePricingrelevance

ConocoPhillips Q2 results expected to benefit from stronger crude prices supporting pricing and production near upper end of guidance.

Consumer Discretionary▲ · 1 stocks
Airbnb Inc
ABNB
± MixedDemandrelevance

Airbnb earnings: push to add hotels may boost supply, but softer consumer sentiment and rising travel costs are risks; World Cup may boost room nights.