WBD's third-quarter results reflect dullness in overall ad sales and distribution revenues.
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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.
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.