Media and entertainment giant Warner Bros Discovery saw its stock dip by more than 9% in after-hours trading following a release of a quarterly report that featured an earnings miss and a $9.1 billion write-down related to its networks segment.
Warner Bros reported a $0.36...
Warner Bros. Discovery, the entertainment conglomerate behind cable network HBO, Warner Bros. film and TV studios, and streamer Max, is exploring several options that could help the company boost its plunging stock, including splitting its businesses.
According to a report by the Financial Times, Warner...
Warner Bros. Discovery fell short of expectations when releasing its fourth-quarter earnings on Friday. The company reported a revenue of $10.28 billion, missing the $10.35 billion estimate according to LSEG data. Advertising revenue for the three months ended December 31 sunk by 12% to...
Warner Bros. Discovery released its third-quarter earnings on Wednesday, beating Wall Street estimates despite battling with a sluggish advertising market and two Hollywood strikes. The company, which is a merger WarnerMedia and Discovery, reported a Q3 revenue of $9.98 billion.
Free cash flow for the...
Warner Bros. Discovery revealed new key details about its upcoming streaming launch during a press event held on Wednesday. The media officially announced that the new streaming platform would be known as "Max", with its tagline being, "Max — the one to watch."
Max will...
Warner Bros Discovery Inc. will merge its HBO Max and Discovery+ streaming services into a single streaming platform. The decision was confirmed by chief executive David Zaslav on Thursday during the quarterly earnings call.
According to the company's top streaming executive Jean-Briac Perrette, the multimedia...
