Warner Bros. Discovery Q4 Hit By Softer Advertising, Strike Impact But Losses Narrow, Free Cash Flow Jumps

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 ...