Warner Bros. Discovery (WBD) earnings, revenue miss consensus estimates

Warner Brothers Discovery (WBD) PT Lowered to $16 at Deutsche Bank

May 10, 2024 5:21 AM EDT

Deutsche Bank analyst Bryan Kraft lowered the price target on Warner Brothers Discovery (NASDAQ: WBD) to $16.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "We are maintaining our Buy rating and lowering our PT to $16, from $18, driven by our negative estimate revisions... More

Warner Bros Discovery squeezed by studio slump, weak ad spending

May 9, 2024 7:10 AM EDT

By Harshita Mary Varghese

(Reuters) -Warner Bros Discovery posted a quarterly loss that was larger than expected as advertising sales slumped at its cable TV unit and the studio segment contended with the fallout of last year's Hollywood strikes and poor demand for a "Suicide Squad" game.

The results amplified the media companies' struggles with subdued advertising in the U.S. and certain international markets as businesses responded to the possibility of higher-for-longer interest rates with a tight leash on costs.

Ad revenue at the company's networks segment fell 11% in the first quarter. On Tuesday,... More

Warner Bros. Discovery (WBD) Misses Q1 EPS by 17c

May 9, 2024 7:09 AM EDT

Warner Bros. Discovery (NASDAQ: WBD) reported Q1 EPS of ($0.40), $0.17 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $9.96 billion versus the consensus estimate of $10.22 billion.

For earnings history and earnings-related data on Warner Bros. Discovery (WBD) click here.

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Warner Bros. Discovery (WBD) May weekly 8 straddle into quarter results

May 9, 2024 5:35 AM EDT

Warner Bros. Discovery (NASDAQ: WBD) May weekly 8 straddle priced for a move of 10% into the expected release of quarter results today.

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Disney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max

May 8, 2024 6:02 PM EDT

By Lisa Richwine

LOS ANGELES (Reuters) -Walt Disney and Warner Bros Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the United States starting this summer, the companies said in a statement on Wednesday.

Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed.... More

Warner Bros. Discovery (WBD) Plans Fresh Cost Cuts, Hike In Max Price - Bloomberg

May 8, 2024 12:26 PM EDT

(Updated - May 8, 2024 12:31 PM EDT)

Warner Bros. Discovery (NASDAQ: WBD) CEO David Zaslav ordered lieutenants to find additional opportunities for cost-cutting to hit financial targets for the next couple of years, according to Bloomberg, citing people with knowledge of the matter.... More