“Warner Bros. Discovery stock sinks 15% as ad revenue falls, Zaslav warns of ‘generational disruption’”
November 8, 2023
“Warner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers.
Here’s what the company reported for the quarter ended Sept. 30, versus analysts’ estimates, according to LSEG, formerly known as Refinitiv:
- Loss per share: 17 cents vs. 6 cents expected
- Revenue: $9.98 billion vs. $9.98 billion expected
Warner Bros. Discovery reported a net loss of $417 million for the third quarter, or 17 cents per share, an improvement from the $2.31 billion loss the company reported in the year-ago quarter, or 95 cents per share…”
https://www.cnbc.com/2023/11/08/warner-bros-discovery-wbd-q3-earnings.html