Consumer Discretionary

When it comes to streaming, Warner Bros Discovery Inc (NASDAQ:WBD) reached profitability before its legacy media rivals such as The Walt Disney Corporation (NYSE:DIS), Comcast Corporation (NASDAQ:CMCSA) and Paramount Global (NASDAQ:PARA). However, with a slump in advertising revenue, Warner Bros missed both top and bottom-line estimates with its fourth quarter results. After the report, shares fell 12% in early trading on Friday. Fourth Quarter Highlights For the quarter that ended on December 31st, Warner Bros reported revenue of $10.28 billion that came short of LSEG’s estimate of $10.35 billion. Warner Bros made a fourth-quarter net loss of $400 million, or 16 cents per share, narrowing down its 2023’s comparable quarter loss of $2.1 billion, or 86 cents per share. Adjusted EBITDA dropped 5% YoY to $2.5 billion, with the drop attributed to the underperformance of studio revenue that was the result of the unforseen WGA and SAGAFTR strikes. Studio revenue […]

WARNER BROS. DISCOVERY REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS PR Newswire NEW YORK, Feb. 23, 2024 NEW YORK, Feb. 23, 2024 /PRNewswire/ — Warner Bros. Discovery, Inc. (the “Company”) (Nasdaq: WBD) today reported financial results for the quarter and year ended December 31, 2023. Please visit the “Investor Relations” section of the Company’s website at to view the financial results and other earnings materials. The Company will conduct a conference call today at 8:00 a.m. ET (5:00 a.m. PT) to discuss the results. A link to the live webcast of the conference call will be available in the “Investor Relations” section of the Company’s website at A telephone replay of the call will be available approximately two hours after the completion of the call until March 2, 2024. The replay can be accessed via phone by dialing +1 800-770-2030 or +1 647-362-9199 using playback passcode 1493434. A replay of the

Warner Bros. Discovery (NASDAQ:WBD) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.07) by 128.57 percent. The company reported quarterly sales of $10.28 billion which missed the analyst consensus estimate of $10.34 billion by 0.59 percent.

Warner Bros. Discovery (NASDAQ:WBD) 4Q Global Direct-To-Customer Subscribers Were 97.7 Million。

By Will Feuer Warner Bros. Discovery posted lower fourth-quarter revenue, dragged down by lagging results in its studios and cable networks. The media conglomerate, which owns cable networks such as TNT and CNN, as well as film studios and the Max streaming platform, reported a fourth-quarter loss of $400 million, or 16 cents a share, compared with a loss of $2.1 billion, or 86 cents a share, in the same period a year earlier. Analysts surveyed by FactSet had expected a loss of 8 cents a share. Revenue fell 7% to $10.28 billion. Analysts surveyed by FactSet were expecting $10.34 billion. In the studios business, revenue fell 17%, while sales fell 9% in the networks segment. In the direct-to-consumer segment, which includes the company’s streaming platforms, revenue rose 3% to $2.53 billion. Total DTC subscribers in the U.S. and Canada fell to 52 million, from 54.6 million a year earlier.

Warner Bros. Discovery’s (NASDAQ:WBD) Says On Track To Achieve Forecast Of $1B In EBITDA In 2025 For Max.

Warner Bros. Discovery Inc.’s stock (WBD) fell 5% early Friday after the company posted a wider-than-expected fourth-quarter loss and revenue that fell short of estimates, weighed down by weak ad revenue and the impact of the recent writers and actors’ strikes. The company had a net loss of $400 million for the quarter, or 16 cents a share, narrower than the loss of $2.101 billion, or 86 cents a share, posted in the year-earlier period. Revenue fell to $10.824 billion from $11.008 billion. The FactSet consensus was for a loss of 10 cents a share and revenue of $10.337 billion. Studio revenue fell 18% excluding the impact of foreign exchange, while network revenue was down 8%. Ad revenue fell 14%, mostly due to shrinking audiences in domestic general entertainment and news networks, as well as the impact from the exit of the AT&T SportsNet business. The stock has fallen 39%