Earnings

Warner Bros Discovery (WBD) 4Q22

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Warner Bros. Discovery on Thursday posted a large loss and recorded about $11.1 billion in fourth quarter revenue, missing 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.

Here’s what the company reported, vs. what analysts’ estimates, according to Refinitiv:

  • Revenue: $11.01 billion vs. $11.36 billion expected
  • Loss per share: 86 cents vs. 21 cents expected

The company reported a loss of $2.1 billion for the period, or 86 cents per share. Warner Bros. Discovery shares…



Source cnbc.com

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