, Warner Bros. Discovery says it’s lowering its earnings expectations by about $300 to $500 million amidst the writers and actors strike. The company now anticipates earning anywhere from $10.5 to $11 billion for 2023:
While WBD is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end. With both guilds still on strike today, the Company now assumes the financial impact to WBD of these strikes will persist through the end of 2023.
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Warner Bros. Discovery cuts a 2023 earnings forecast, citing Hollywood strike-related costsWarner Bros. Discovery is cutting one of its full-year earnings forecasts, saying it will likely incur $300 million to $500 million in costs due to the ongoing Hollywood writers and actors’ strikes.
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