2024-02-26 01:49:42 ET
Summary
- A review of Warner Bros. Discovery’s Q4/23 earnings report reveals a mixed picture.
- The market clearly punished the company for not providing 2024 guidance.
- Here is why I think that not providing guidance is actually a positive.
Warner Bros. Discovery Q4/23 earnings review
Warner Bros. Discovery ( WBD ) released its full-year 2023 earnings report on 2/23/24 , and, for what it’s worth, missed estimates both on revenues (1%) and on earnings (instead of tiny positive EPS, the actual result was -$0.16 per share). You can find the full earnings materials on the WBD website .
I strongly suggest looking at the trending schedule, which provides a much better overview of the underlying trends:
Warner Bros. Discovery Q4/23 FCF trends (Warner Bros. Discovery Q4/23 earnings materials)
Read the full article on Seeking Alpha
For further details see:
Warner Bros. Discovery: No Guidance Is Good Guidance