Warner Bros. Discovery (WBD) earnings, revenue miss consensus estimates
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Warner Brothers Discovery (WBD) PT Lowered to $16 at Deutsche Bank
May 10, 2024 5:21 AM EDTDeutsche 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 EDTBy 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 EDTWarner 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.
... MoreWarner Bros. Discovery (WBD) May weekly 8 straddle into quarter results
May 9, 2024 5:35 AM EDTWarner Bros. Discovery (NASDAQ: WBD) May weekly 8 straddle priced for a move of 10% into the expected release of quarter results today.
... MoreDisney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max
May 8, 2024 6:02 PM EDTBy 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
