Warner Bros stock beats Tesla and other S&P 500 peers in a fierce comeback as Hogwarts Legacy's massive success rekindles Harry Potter mania
The strong rebound appears to be powered by the massive success of the highly anticipated Harry Potter-inspired video game,The company announced last Thursday that"Hogwarts Legacy" has already sold 12 million units so far, reeling $850 million in sales, in the first two weeks since its launch.
CEO David Zaslav said his company's hit video game business is now a"core part of our overall strategy." At close on Friday, Warner Bros stock stood at $15.55 per share. It fell on the day after the company posted fourth-quarter revenue results that missed analysts' estimates.
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