Warner Bros Discovery missed Wall Street estimates for third-quarter revenue on Thursday, as its studio business took a hit from fewer blockbuster releases.
WBD's third-quarter results are likely to reflect persistent softness in advertising revenues and subscriber growth in viewership amid cost-cutting measures.
Warner Bros. Discovery (WBD) has received quite a bit of attention from Zacks.com users lately.
Warner Bros. Discovery (WBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Warner Bros. Discovery's DTC segment grew 4.6% in revenue from Q1 2023 to Q2 2024, reaching $2.568 billion despite seasonal dips. Subscriber growth increased 12.8% from Q1 2022, reaching 103.3 million by Q2 2024, with international subscribers up 32.9%. Domestic ARPU rose 14.6% to $12.08 by Q2 2024, reflecting WBD's pricing strength in a competitive streaming market.
Warner Bros. Discovery (WBD) closed at $7.61 in the latest trading session, marking a +0.13% move from the prior day.
Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.
The latest trading day saw Warner Bros. Discovery (WBD) settling at $7.82, representing a +0.51% change from its previous close.
Warner Bros. Discovery (WBD) has been one of the worst-performing media stocks this year, facing numerous headwinds.
In the most recent trading session, Warner Bros. Discovery (WBD) closed at $7.53, indicating a -0.13% shift from the previous trading day.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
Jon Steinlauf, who navigated multiple corporate mergers in recent years to become the head of U.S. ad sales at Warner Bros. Discovery, is leaving the company later this year. The news was shared internally by WBD Chief Revenue and Strategy Officer Bruce Campbell. (Read his memo below.