业绩缩水仍“抢手”：华纳兄弟(WBD.US)Q4营收利润双降，派拉蒙和奈飞竞购角力持续升温

Group 1 - Warner Bros. Discovery (WBD) reported a 5.6% year-over-year decline in Q4 revenue to $9.46 billion, with adjusted EBITDA decreasing to $2.22 billion, although both figures exceeded Wall Street expectations [1] - The television networks segment, including CNN, TNT, and HGTV, saw a 12% revenue drop to $4.2 billion, with adjusted EBITDA down 27% to $1.41 billion, impacted by declines in advertising sales and distribution revenue [1] - The film studio segment reported a 13% revenue decline to $3.18 billion, falling short of Wall Street's $3.37 billion estimate, with revenues from movies, TV shows, and video games all decreasing [1] Group 2 - A bidding war for Warner Bros. is intensifying, with Paramount Global raising its offer to $31 per share to counter a deal with Netflix, which is priced at $27.75 per share [2] - Warner Bros. lost NBA media rights to Disney, Comcast, and Amazon, negatively affecting its TV ratings, and plans to spin off its cable network into a separate entity by Q3 [2] - The company, formed from a merger four years ago, is struggling to compete with streaming rivals like Netflix while managing over $32 billion in debt, although its stock has risen 130% since Paramount expressed acquisition interest [2]