Warner Bros. Discovery reported a narrow Q3 loss, with the success of the movie 'Barbie' offset by a decline in advertising revenue. The company expects the effects of the strike and weak ad market to continue into 2024, leading to a stock price drop of 15%. CEO David Zaslav hinted at potential M&A opportunities.
Barbie Helped Mitigate Warner Bros. Discovery's Losses as It Bleeds Streaming Subscribers https://t.co/VDvEJHm1bh https://t.co/ba2oI8QXOO
‘Barbie’ Wasn’t Quite Kenough for Warner Bros. Discovery in Q3 – IndieWire https://t.co/9zuOGRMvPu
Warner Bros. Discovery Sees ‘Barbie’ Boost In Q3 But Hurt By Hollywood Strikes https://t.co/1pYkaKyN9s
$WBD Warner Bros. Discovery stock sinks 15% as ad revenue falls, Zaslav warns of ‘generational disruption’ https://t.co/ckiX9KBCsB https://t.co/BkBCOCinGu
‘Barbie’ Wasn’t Kenough for Warner Bros. Discovery to Beat Q3 Revenue Forecasts https://t.co/5bnuPkrs8v
Warner Bros. Discovery Says Strike's Financial Impact Risks Spilling Into 2024; CEO David Zaslav Hints At M&A - “We Could Be Really Opportunistic" https://t.co/aMdMlnp4vS
Warner Bros. Discovery stock plunges as weak ad market clouds 2024 outlook https://t.co/XsjJ0Kd66D 🔻 $WBD -15.98% https://t.co/8PyjtLjBwt
Warner Bros. Discovery stock sinks as ad revenue falls and Zaslav warns of 'generational disruption' https://t.co/BNfqyKWRLI https://t.co/BNfqyKWRLI
Warner Bros Discovery says strike effects, weak ad market to linger into 2024 https://t.co/xVUhtGlyc7 https://t.co/CIpCFCo4EL
Warner Bros Discovery says strike effects, weak ad market to linger into 2024 https://t.co/lwdFzklTZL
Warner Bros. Discovery saw the box-office success of “Barbie” offset by a 12% decline in advertising at its portfolio of TV networks. https://t.co/ntvCqF1xz3
Warner Bros. Discovery Sees Streaming Swing to a Profit, "Barbie" Power at Studios But Ad Market Still Sluggish https://t.co/71oNFSRsJa
Warner Bros. Discovery Narrows Q3 Loss, But 'Barbie' Success Tempered by Advertising Declines https://t.co/Ca4OC87NuT
⚠️ WARNER BROS DISCOVERY MEETS QUARTERLY REVENUE ESTIMATES AMID STRIKE, SLUGGISH AD MARKET Full Story → https://t.co/NRMQYpbabf