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Warner Bros. Discovery will report second quarter earnings after the bell on Wednesday as the media giant struggles with a declining linear TV business, unfavorable ad market, and the loss of its ...
Warner Bros. Discovery generated revenue of $9.7 billion, a 6% decline from the same quarter a year earlier. Sign up for our Wide Shot newsletter to get the latest entertainment business news ...
Warner Bros. Discovery reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges.The media conglomerate swung to a $3.42 billion loss in the ...
Year to date, Warner Bros. Discovery shares were already down 34%. More from Variety Warner Bros. Discovery Takes $11.2B Hit to Balance Sheet, Including $9.1B Charge for Massive Drop in TV Network ...
Warner Bros. Discovery's rough ride continued through its most recent quarter, with the company taking a $9-billion write-down to reflect the diminishing value of its struggling television channels.
Warner Bros. Discovery. Warner Bros. Discovery, Inc. ( WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia 's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022. The company's properties are divided into nine business units, consisting of the ...
(Reuters) - Shares of Warner Bros Discovery plunged 12% in premarket trading on Thursday after a $9.1 billion write-down of the media giant's TV assets sparked fresh concerns about its traditional ...
The media giant saw streaming losses reverse in the first quarter as subscriber growth came in above consensus estimates. Warner Bros. Discovery reported direct-to-consumer adjusted EBITDA of $50 ...