Warner Bros. Discovery (WBD) CEO David Zaslav addresses the company's strategic plan, highlighting a pathway to growth. Despite missing revenue and profit estimates, the Max streaming service ended 2023 profitably. Zaslav discusses plans for a sports streaming service in collaboration with Disney and Fox. However, investors remain cautious as the stock is down 9% premarket following the earnings call. The CFO of WBD refrains from making long-term projections, leading to investor uncertainty. WBD stock opens at an all-time low after missing estimates, with a significant drop of over 60% since the AT&T deal in April 2022.
Warner Discovery stock is down more than 60% from April 2022 when the deal with AT&T closed.
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 $WBD CFO on future of their earnings trajectory: "we are not in the business of making longer term projections here" Investor reaction 👇👇👇 https://t.co/e2BngHNslg
David Zaslav on streaming: Rebundling just makes an awful lot of sense.
David Zaslav and his CFO/head of streaming aren't doing a great job convincing investors to get excited about $WBD on this earnings call. The stock is now down 9% premarket. No FCF guidance and suggestions that Max profitability won't surge in 2024 with strikes ending.
Warner Discovery CEO David Zaslav says planned sports streaming service with Disney and Fox can be bundled with the Max streaming service.
WBD missed estimates for revenue and profit but Max ended 2023 profitable — a win for WBD and David Zaslav vs Disney, NBCU and Paramount Global, who are all still a year away or more from steaming profitability https://t.co/DtCZAqomfB
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
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