reported a big quarterly loss even as its U.S. direct-to-consumer segment turned a profit for the first time ever.
First-quarter revenue was $10.7 billion, roughly in line with analysts' estimates. The company reported a net loss of $1.1 billion and adjusted EBITDA of $2.6 billion.$10.7 billion vs. $10.78 billion expectedWarner Bros. Discovery's stock rose 3% after falling about 5% in early trading.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros. Discovery stock falls after earnings missShares of Warner Bros. Discovery Inc. were falling more than 2% in premarket trading Friday after the media giant trailed expectations with its first-quarter...
Source: MarketWatch - 🏆 3. / 97 Read more »
David Zaslav Says Warner Bros Discovery’s Streaming Business Is “No Longer Bleeding”Warner Bros Discovery CEO David Zaslav has said the company’s U.S. streaming operation is “no longer bleeding” after it posted a $50M profit for Q1 this year. “It’s harder t…
Source: DEADLINE - 🏆 109. / 63 Read more »
Warner Bros. Discovery Gets Wall Street Upgrade As Analysts Weigh Streaming Profit Vs. Earnings Miss'The accelerated timeline for U.S. direct-to-consumer profitability is more important than what appears to largely be a timing-related miss in the first quarter,' notes one finance expert.
Source: THR - 🏆 411. / 53 Read more »