Signage at a Warner Bros Discovery office in New York, US, on Saturday, Feb. 17, 2024.Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG:Loss per share: 40 cents vs. 24 cents loss expectedRevenue: $9.96 billion vs. $10.231 billion expectedAlso on Thursday the company announced a $1.75 billion cash tender offer aimed at reducing it ...

• Q1 total revenues were $9,958 million. Revenues decreased 7% ex-FX(1)(*) compared to the prior year quarter. • Net loss available to Warner Bros. Discovery, Inc. was $(966) million, and includes $1,879 million of pre-tax acquisition- related amortization of intangibles, co(7n)te %nt (f7a)i r% v aNlueet slotesps -auvpa, ialanbdl er etsot rWucatrunreinr gB eroxsp.e Dnsisecso. v• eQry1, tIontca.l (A96d6ju)s (t1e,d0 6E9B)I 1T0D %A (N2)M(* )A wdajuss $te2d,1 E0B2 ImTiDllAio(n*,) a 2 2,100%2 2ex,6-1F1X ( 1d9ec) ...

NEW YORK, May 9, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter ended March 31, 2024. Please visit the "Investor Relations" section of the Company's website at https://ir.wbd.com/ to view the financial results and other earnings materials. The Company will conduct a conference call today at 8:00 a.m. ET to discuss the results. A link to the live webcast of the conference call will be available in the "Investor Relations" secti ...

3.900% Senior Notes due 2024 issued by Discovery Communications, LLC3.900% Senior Notes due 2024 issued by Scripps Networks Interactive, Inc.4.000% Senior Notes due 2055 issued by Discovery Communications, LLC 4.650% Senior Notes due 2050 issued by Discovery Communications, LLC4.950% Senior Notes due 2042 issued by Discovery Communications, LLC4.875% Senior Notes due 2043 issued by Discovery Communications, LLC5.200% Senior Notes due 2047 issued by Discovery Communications, LLC5.300% Senior Notes due 2049 i ...

Warner Bros. Discovery is looking at additional opportunities for cost-cutting and raising prices for its Max streaming platform, Bloomberg News reported Wednesday, citing people with knowledge of the matter.The cost-cutting plans could include possible layoffs at the media company, which has already eliminated more than 2,000 positions over the past year, according to the report.The company’s streaming business, which includes Max and Discovery+, could see hundreds of millions of dollars in budget cuts, mo ...

Warner Bros. Discovery (WBD) is set to report first-quarter 2024 results on May 9.The Zacks Consensus Estimate for loss has widened by 1 cent to 24 cents per share in the past 30 days.The consensus mark for revenues is pegged at $10.29 billion, implying a 3.84% decrease from the year-ago quarter’s reported figure.Let’s see how things have shaped up for this announcement.Ad Revenue Slump to Dampen WBD’s Q1 EarningsWarner Bros. Discovery’s first-quarter 2024 performance is expected to have witnessed a sluggis ...

Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay. “All CEOs need to be paid with alignment with shareholders,” he declared. In 2023, a year when his company’s stock price hovered around $10 a share, less than half of its value when it began trading in 2022, Zaslav collected a total payday of $49.7 million, up more than $10 million from the prior year. The commen ...

Wall Street analysts forecast that Warner Bros. Discovery (WBD) will report quarterly loss of $0.24 per share in its upcoming release, pointing to a year-over-year decline of 233.3%. It is anticipated that revenues will amount to $10.29 billion, exhibiting a decline of 3.8% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

Warner Bros Discovery Hits Low on Failed Merger Thearon W. Henderson / Getty Images The merger between AT&T’s media properties, including Warner Bros., and smaller Discovery, is now officially a failure. Warner Bros. Discovery Inc. (NASDAQ: WBD) shares hit an all-time low two years after the transaction in April 2022. Much-criticized CEO David Zaslav had a magic touch at Discovery. That is entirely wrong.The last chapter of the catastrophe is that the company could lose its deal with the NBA. News of this ...

Shares of the streamer moved lower on reports it could lose NBA rights.Shares of Warner Bros. Discovery (WBD -9.02%) were heading lower today on reports that its TNT cable network was expected to lose the rights to air the NBA in the latest auction.Separately, the stock also seemed to be declining in response to Paramount Global's slide after its rival reported disappointing earnings and took a step closer to a merger, seemingly putting a nail in the coffin of a once-rumored merger with Warner Bros. Discove ...