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.
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 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 reported second-quarter earnings after the bell.
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 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.
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.
Warner Bros. Discovery is shutting down the Boomerang streaming service and moving some of its programming, which includes many classic cartoon series, onto Max. The kids-and-family move is set for September 30, according to an email to subscribers.
Get a deeper insight into the potential performance of Warner Bros. Discovery (WBD) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
LOS ANGELES — More than 300 videogame performers and Hollywood actors picketed in front of the Warner Bros. Studios building on Thursday to protest against what they call an unwillingness from top gaming companies to protect union voice actors and motion-capture workers equally against the unregulated use of artificial intelligence.
In the closing of the recent trading day, Warner Bros. Discovery (WBD) stood at $8.65, denoting a -1.48% change from the preceding trading day.
Warner Bros. Discovery (WBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.