Businessquarterly reports Warner Bros. Discovery

Warner Bros. Discover’s Q1 Advertising Dips, But Streaming Is Profitable

May 9, 2024 | Jill Goldsmith

Overall, revenue of $9.958 billion was down from the year before and shy of Wall Street expectations, of over $10 billion. Ditto with net loss per share of 40 cents. TV numbers felt the impact of strikes with fewer episodes delivered. Streaming was a bright spot, where WBD added 2 million subs to 99.6 million and had a profit of $86 million, up from $50 million the year before. Revenue firmed, including a 70% jump in ad sales.

This article was originally posted on deadline.com

Businessquarterly reports Warner Bros. Discovery

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