Warner Bros. Discovery, Inc. (WBD)
Warner Bros Discovery slides as $9 bln write-down highlights TV woes
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 broadcasting business.
Warner Bros Discovery falls ii% aftermarket as it reveals $9.1bn writedown
Media conglomerate Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) dropped almost 11% in aftermarket trading in the US after a zinger of a quarterly update, which contained a $9.1 billion writedown of the value of its TV networks. The company, formed by the 2022 merger of Discovery Inc.
Warner Bros. Discovery stock plunges on $10 bn quarterly loss
Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.
Warner Bros. Discovery writes down value of TV assets by $9B: ‘Final nail in the coffin'
An impairment charge, stemming from a reassessment of the assets' value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter.
Compared to Estimates, Warner Bros. Discovery (WBD) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Warner Bros. Discovery (WBD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Warner Bros. Discovery (WBD) Reports Q2 Loss, Misses Revenue Estimates
Warner Bros. Discovery (WBD) came out with a quarterly loss of $4.07 per share versus the Zacks Consensus Estimate of a loss of $0.18.
Warner Bros Discovery says it overpaid for its TV networks by $9 billion
Traditional TV, as you may have heard, is a business in decline. Here's another data point: WBD says its TV assets are worth $9 billion less than it thought just two years ago.
Warner Bros. Discovery Posts Nearly $10 Billion Loss
Warner Bros. Discovery WBD 1.85%increase; green up pointing triangle posted a nearly $10 billion loss in the second quarter on an impairment charge tied to the plunging value of its linear networks.
Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
Warner Bros. Discovery reported second-quarter earnings after the bell.
Warner Bros. Discovery Takes Massive $11.2 Billion In Write-Downs & Charges In Q2 After Losing NBA
Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on.
Warner Bros Discovery misses quarterly revenue estimates
Warner Bros Discovery missed Wall Street expectations for quarterly revenue on Wednesday, hurt by a studio slump after its highly anticipated film "Furiosa: A Mad Max Saga" had a weak box-office run.
What Awaits Warner Bros. Discovery (WBD) in Q2 Earnings?
Warner Bros. Discovery's (WBD) second-quarter results are likely to reflect persistent softness in advertising revenues and subscriber growth in viewership amid cost-cutting measures.
