WBD - These Analysts Slash Their Forecasts On Warner Bros. Discovery After Weak Q4 Results | Benzinga
Warner Bros. Discovery, Inc (NASDAQ: WBD) posted a wider-than-expected loss for its fourth quarter on Friday.
The company reported a fourth-quarter fiscal 2023 revenue decline of 7% ex-FX year-on-year to $10.28 billion, marginally missing the consensus of $10.37 billion. Loss of 16 cents per share missed the consensus loss of 6 cents per share, according to data from Benzinga Pro.
Studios revenues were $3.17 billion, down 18% ex-FX Y/Y on a pro forma combined basis. Content revenue decreased 20% due to the impact of the WGA and ...