Warner Bros. Discovery's CEO David Zaslav and CFO Gunnar Wiedenfels discussed the company's strategic plan, challenges in the industry, underperforming movies, and upcoming projects like the Harry Potter television series aiming for a 2026 debut. The company's stock hit an all-time low after missing revenue and earnings estimates, causing investor concerns and a 9% drop in pre-market trading. Zaslav emphasized the importance of free cash flow for the company's growth, while Wiedenfels admitted to underperforming movies at the box office. The company's continued efforts to boost free cash flow may lead to increased scrutiny on marketing and content costs, potentially resulting in more workforce reductions in 2024. Investors are worried about the company's inability to provide guidance and potential lower-than-expected performance.
David Zaslav reveals the planned blockbuster sports streaming alliance between Warner Bros., ESPN, and Fox is all about Gen Z. https://t.co/YPnnFuzEpX
Warner Bros. Discovery hopes free cash flow generation will be a pathway to growth. But until investors see the actual growth, they appear to be shrugging off the free cash flow. https://t.co/EH5QIox090
"We’ve not been shy about our excitement around #HarryPotter. The last film was made more than a dozen years ago... We can’t wait to share a decade of new stories with fans around the world on Max. We’re aiming for a debut in 2026." - Warner Bros.'s CEO ⚡ https://t.co/EwaNHVzohZ https://t.co/KrElDybt7A
Listening to CEO David Zaslav speak on today's WBD earnings call, I thought of a particular scene from a movie ... and I wrote about it here. https://t.co/EH5QIox090
Warner Bros. Discovery boss David Zaslav addresses the Harry Potter reboot's release plans and J.K Rowling's involvement. 📆 https://t.co/AY7C96vKfp https://t.co/AY7C96vKfp
The $WTRG conf call this morning was down beat and awful. Management danced around giving intermediate earnings guidance. I thought investors buy utility stocks for high visibility and predictability of cash flow? Meanwhile, they'll be issuing $250M of stock at market ~7m of…
Reminder, Warner Bros. Discovery counts licensing revenue in its streaming results -- so all those content sales to Netflix, etc. are part of the direct-to-consumer segment. https://t.co/e3v89pqnuE
"Investors are panicking right now,” LightShed Partners' @RichLightShed says on $WBD down 9% in pre-market trading. They are concerned "that numbers are coming down and the inability to guide is another way of saying we’re going to be lower than we previously anticipated.” https://t.co/gvhoKIPHpX
WBD stock opened at an all-time low this morning after missing revenue and earnings estimates. Read the full earnings report following David Zaslav's Earnings Call to comment the Q4 2023 results: https://t.co/1GEKJiWtok https://t.co/pdDtvL8T8M
Warner Bros. Discovery’s CFO Gunnar Wiedenfels admitted on today's earnings call that "The Color Purple" and "Aquaman and the Lost Kingdom" underperformed at the box office over the holidays. https://t.co/9dtr34gT2I https://t.co/icZSb3IRwJ
David Zaslav on streaming: Rebundling just makes an awful lot of sense.
The upcoming Harry Potter television show gets a release window in an exciting update from the CEO of Warner Bros. Discovery, David ZasIav. https://t.co/5U8HexmlV2
Warner Bros Discovery CEO David Zaslav expressed excitement for the upcoming Harry Potter television series which would see a relaunch for the boy who lived, announcing the show set in the Wizarding World is aiming for a 2026 debut. https://t.co/aRJCbSqJKE https://t.co/6pX1dFSa9M
Gunnar Wiedenfels, Warner Bros. Discovery’s CFO, admits there were "some real challenges across the industry on the superhero side" in 2023. https://t.co/9dtr34glda
Gunnar Wiedenfels, Warner Bros. Discovery’s CFO, admits there were "some real challenges across the industry on the on the superhero side" in 2023. https://t.co/9dtr34glda
The continued push to boost free cashflow at Warner Discovery will mean greater scrutiny on marketing and content costs and employees fear even more workforce reductions in 2024.
Warner Discovery CEO David Zaslav says, "free cash flow is a key metric for us, we’ve said we’re going after it."*+ *Zas bonus is based primarily on free cash flow vs company's stock market performance. +Other key execs have bonuses based on unit performance which is hurt by…
Warner Discovery CFO Gunnar Wiedenfels says, "we still have additional work to do and more opportunities to capture." (employees on call likely getting chills)
Movie studio has been underperforming says Warner CEO David Zaslav. Guessing Color Purple should have been called Color Red.
Warner Bros. Discovery CEO David Zaslav: "After executing against our strategic plan to reposition the company, we are now on solid footing with a clear pathway to growth" https://t.co/dOTP8B4tRc
$WBD | Major Earnings Releases For February 23rd 2024 https://t.co/jEdd6WJGzT