Listening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday's fourth-quarter earnings calls, I couldn't help but think of a scene in the movie "Office Space."An employee named Tom meets with two consultants, both named Bob (together, The Bobs), who have been tasked with deciding which employees at the company should be promoted or fired.When The Bobs press Tom on what he does at the company after they don't initially understand, Tom snaps, screaming, "I have people skills! I am ...

Warner Bros. Discovery (WBD) partnered with Snapchat (SNAP) to generate excitement for the upcoming release of Dune: Part Two. This collaboration aims to leverage Snapchat's popularity, particularly among younger demographics, to boost anticipation for the movie's debut on Mar 1.The campaign features an array of interactive elements, including an augmented reality (AR) lens and custom cameo stickers, which will complement video ads promoting the film.The centerpiece of the campaign is the AR lens, which all ...

Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company’s latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn’t show — a full-year 2024 forecast. The stock is scraping $8.50 late morning as the lack of a number “challenges confidence,” said Michael Morris of Guggenheim Partners in a note. “The results themselves were not great,” he noted on CNBC, but not all that surpris ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q4 2023 Earnings Conference Call February 23, 2024 8:00 AM ET Company Participants Andrew Slabin - Investor Relations David Zaslav - President and Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer Jean-Briac Perrette - Chief Executive Officer and President of Global Streaming and Games Conference Call Participants Kutgun Maral - Evercore ISI John Hodulik - UBS Ric Prentiss - Raymond James Jessica Reif Ehrlich - Bank of America Benjamin Swinburne - ...

For the quarter ended December 2023, Warner Bros. Discovery (WBD) reported revenue of $10.28 billion, down 6.6% over the same period last year. EPS came in at -$0.16, compared to $0.42 in the year-ago quarter.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $10.23 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -45.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -45.45%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post a loss of $0.13 per share when it actually produced a loss of $0.17, delivering a surprise ...

The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023.Warner Bros. Discovery missed analyst targets for both profit and revenue in the fourth quarter but boosted free cash flow as its streaming service Max ended 2023 profitable for the first time.Shares of Warner Bros. Discovery fell about 1% in premarket trading Friday following the re ...

Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. It ended the year with 97.7 global streaming subscribers — including 1.3 million from BluTV, the Turkish streamer it acquired in December. Revenue of close to $10.3 billion compared with $11 billion the year before, down 7%. Revenue at the television studio was hit by the impact o ...

NEW YORK, Feb. 23, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter and year ended December 31, 2023. 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 (5:00 a.m. PT) to discuss the results. A link to the live webcast of the conference call will be available in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 of inco ...