Warner Bros. Discovery (WBD) Q2 Earnings Miss, Ad Sales Fall Y/Y

Warner Bros. Discovery (WBD) reported second-quarter 2024 loss of $4.07 per share, significantly wider than the Zacks Consensus Estimate of a loss of 18 cents. The company had incurred a loss of 51 cents in the year-ago quarter. Revenues decreased 6.2% year over year to$ 9.71 billion, which missed the Zacks Consensus Estimate by 3.5%. Advertising revenues decreased 3.5% year over year to $2.43 billion. Distribution revenues dropped 5% year over year to$ 4.87 billion. Content revenues declined 13.8% year ove ...