Warner Bros. Discovery achieved decent financial results despite YoY revenue declines and maintained a double-digit FCF yield, making it a good investment. The company's studios segment saw YoY underperformance, but content revenues remain strong, and the streaming segment continues to grow, especially internationally. The balance sheet is impacted by significant debt, but with $3.5 billion in cash and manageable interest rates, the focus is on debt reduction.
Warner Bros. Discovery's third-quarter results reflect strong DTC subscriber growth, partially offset by dullness in the studios segment.
Warner Bros. Discovery achieved its first company-wide profit post merger. The DTC segment reported its best quarter ever. EBITDA was at record levels. The studios segment underperformed due to the "Barbie" movie in the previous fiscal year and "Joker" being a disappointment.
Warner Bros. Discovery (WBD) shares surged Thursday after the media giant posted better-than-expected earnings as its Max streaming service set a record for new subscribers.
Warner Bros. Discovery says it will beef up ads on its Max streaming service.
WBD's third-quarter results reflect dullness in overall ad sales and distribution revenues.
David Zaslav wanted a new president that was open to M&A. Now he has one.
Although the revenue and EPS for Warner Bros. Discovery (WBD) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Warner Bros. Discovery (WBD) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share.
The company also posted a profit for the third quarter, while analysts had been expecting a loss.
The media and entertainment company posted third-quarter earnings of 5 cents a share, when analysts had been expecting a loss.
Warner Bros. Discovery said streaming platform Max added 7.2 million global customers during the third quarter, bringing its total subscriber base to 110.5 million.