Warner Bros. Says Strikes Could Weigh On Earnings. The Stock Is Rising.

Warner Bros. Discovery says it could take a sizable earnings hit this year, as the strikes in Hollywood roll on. The stock, however, is ticking higher.

Last month, Warner Bros. offered full-year guidance that assumed the strikes would be resolved by early September, the company noted in a securities filing, but as no resolution has been reached yet, it has revised its financial guidance to factor in the strikes continuing through the end of the year.

The entertainment giant is now expecting adjusted earnings before interest, tax, depreciation, and amortization for the year to land between $10.5 billion and $11 billion, reflecting a negative impact of about $300 million to $500 million, largely due to the strikes. Last month, Warner Bros. delayed the release of three big-budget films, another consequence of the strike, The Wall Street Journal reported. The three films, Dune: Part Two, Godzilla x Kong: The New Empire, and Lord of the Rings: The War of the Rohirrim will be released throughout next year, while the second edition of Dune initially was set to debut this November, the Journal reported.Write to Emily Dattilo at emily.dattilo@dowjones.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings'The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors,' the entertainment giant says in a regulatory filing.
مصدر: THR - 🏆 411. / 53 اقرأ أكثر »

Warner Bros. Discovery Expects Earnings Hit Of Up To $500 Million From Strikes This YearThe financial impact of ongoing actors and writers strikes as a number on it now as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adjusted EBTITDA (earn…
مصدر: DEADLINE - 🏆 109. / 63 اقرأ أكثر »

Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag onWarner Bros. Discovery cut profit expectations as the writers' and actors' strikes drag on, keeping production halted.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Warner Bros. Discovery Sees Earnings Hit From Strikes Of Up To $500 Million This YearThe financial impact of ongoing actors and writers strikes has a number on it now, or one at least, as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adj…
مصدر: DEADLINE - 🏆 109. / 63 اقرأ أكثر »