Jacek_Sopotnicki Warner Brothers Discovery (NASDAQ:WBD) released first quarter earnings last week. The media giant has been scrutinized for earnings performance and high leverage since its merger. Back in February, I took a bullish stand on Warner Brothers Discovery through the sale of cash secured puts. While the first quarter earnings report disappointed by missing both revenue and earnings estimates, I believe there are current and upcoming catalysts to stay bullish on WBD stock. Warner Brothers Disc ...

NEW YORK, May 10, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. (Nasdaq: WBD) today announced that its President of International Gerhard Zeiler and its Chief Financial Officer Gunnar Wiedenfels will each present at media industry conferences during the month of May. Gerhard Zeiler will present at MoffettNathanson's Media, Internet and Communications Conference on Wednesday, May 15, 2024 at 1:00 p.m. ET. Gunnar Wiedenfels will present at J.P. Morgan's 52nd Annual Global Technology, Media and Communicati ...

Warner Bros. Discovery (WBD) reported first-quarter 2024 loss of 40 cents per share, wider than the Zacks Consensus Estimate of a loss of 24 cents. The company had incurred a loss of 44 cents in the year-ago quarter.Revenues decreased 6.9% year over year to $9.95 billion, which missed the Zacks Consensus Estimate of $10.28 billion.Advertising revenues decreased 6.5% year over year to $2.14 billion. Distribution revenues dropped 3.4% year over year to $4.98 billion. Content revenues declined 13.4% year over ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from to Commission File Number: 001-34177 Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter) Delaware 35-2333914 (State or other jurisdiction ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants David Zaslav - President, Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer JB Perrette - CEO and President, Global Streaming and Games. Andrew Slabin - Executive Vice President, Global Investor Strategy Conference Call Participants Bryan Kraft - Deutsche Bank Kutgun Maral - Evercore ISI Jessica Reif Ehrlich - BOA Securities David Joyce - Seaport Research Partners Kanna ...

UPDATE—May 9, 2024: This article has been updated to reflect more recent share price information.Key TakeawaysWarner Bros. Discovery's revenue fell more than estimated in the first quarter and the entertainment conglomerate reported a wider-than-expected net loss.Shares seesawed in early trading Thursday following the release. Ongoing negotiations with the NBA over the league's next broadcasting deal, along with a streaming bundle partnership with Disney the companies announced Wednesday, could substantial ...

Warner Bros. Discovery reported a larger-than-expected quarterly loss, as advertising sales slumped at its cable TV unit and the studio segment struggled with the twin effects of last year’s Hollywood strikes and poor sales of a “Suicide Squad” videogame.Advertising trends in the US and certain international markets have been subdued as businesses responded to the possibility of higher-for-longer interest rates, a drag for Warner Bros Discovery and other media companies.Warner posted a first-quarter loss of ...

Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post a loss of $0.11 per share when it actually produced a loss of $0.16, delivering a surprise ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Key TakeawaysWarner Bros. Discovery shares fell in premarket trading Thursday following the release of first-quarter results that fell short of analyst estimates.Revenue fell more than expected, while WBD also posted a larger net loss than analysts had estimated.Ongoing negotiations with the NBA over the league's next broadcasting deal, along with a streaming bundle partnership with Disney the companies announced Wednesday, could substantially impact WBD's future earnings. Warner Bros. Discovery (WBD) share ...