In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.
Rafael Henrique | SOPA Images | Lightrocket | Getty Images
Warner Bros. Discovery reported its third-quarter earnings on Thursday, missing analyst expectations, as it felt the effects of a tough advertising environment and costs associated with its post-merger restructuring.
CEO David Zaslav also announced that the merged version of the company’s HBO Max and Discover+ streaming services will be coming in spring, earlier than the previously announced summer release date.
Here’s what the company reported compared with analysts’ expectations, according to Refinitiv:
- Revenue: $9.82 billion vs. $10.36…