Warner Bros. Discovery reported its fourth quarter results after the bell.
Warner Bros. Discovery reported revenue that missed analysts' estimates as the media industry contends with a soft advertising market.
The company's TV networks segment – which includes cable-TV channels like TNT, TBS and Discovery – decreased 6% to roughly $5.5 billion, as advertising revenue took a drop in particular.$11.01 billion vs. $11.36 billion expected, according to estimates from RefinitivThe company reported a quarter loss of $2.1 billion for the period, or 86 cents per share. It was not immediately clear whether that figure was comparable to analyst estimates from Refinitiv.
The company, which owns streaming services HBO Max and Discovery+, said its global direct-to-consumer streaming subscriber base increased by 1.1 million to 96.1 million by the end of the quarter. However, losses for its streaming segment improved, with a loss of $217 million, "a $511 million year-over-year improvement in losses," the company said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Warner Bros Discovery earnings: CEO David Zaslav faces new challengesWarner Bros Discovery CEO David Zaslav faces complex challenges as a combined HBO Max-Discovery streamer preps to launch this spring and staffers fear more layoffs and cuts
Consulte Mais informação »
HBO Max Cancels Fan-Favorite Series After Three SeasonsAnother axe has fallen at Warner Bros. Discovery with Variety confirming that HBO Max has [...]
Consulte Mais informação »
Exclusive Superman 5-Film Collection Lands on 4K Blu-rayTo celebrate the 85th anniversary of the Man of Steel, Warner Bros. is bringing four classic [...]
Consulte Mais informação »
The Race Is On in New ‘Super Mario Bros. Movie’ PosterThis new SuperMarioMovie looks juuuuuust a bit different than the one they made in the ’90s.
Consulte Mais informação »
Super Mario Bros. Movie Nintendo Direct, Final Trailer AnnouncedA Nintendo Direct focusing on The Super Mario Bros. Movie is coming in March, Nintendo announced [...]
Consulte Mais informação »