News Formal

Warner Bros Discovery says effects of strikes, lousy ad market to bleed into 2024

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Chief executive David Zaslav said Warner Bros Discovery saw its lightest original content slate in years and had to delay some releases, leading to a drop in third-quarter streaming subscriber numbers

Box office smash “Barbie” helped Warner Bros Discovery top core quarterly profit estimates but the effects of two Hollywood strikes and a weak advertising market could hamper earnings into next year, company executives said on Wednesday.

Chief Executive David Zaslav said the company saw its lightest original content slate in years and had to delay some releases, leading to a drop in third-quarter streaming subscriber numbers. The media company, forged by the union of WarnerMedia and Discovery, posted third-quarter adjusted core earnings of $2.97-billion, above estimates of $2.92-billion, according to LSEG data. Overall revenue of $9.98-billion was in line with estimates.

“The market is not thrilled with the fact that even with the unparalleled blockbuster success of Barbie, they still found a way to lose $417-million in the quarter. Not ideal,” Great Hill Capital Chairman Thomas Hayes said.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

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

Warner Bros. Discovery stock plunges as weak ad market clouds 2024 outlookWarner Bros. Discovery like other media companies is dealing with a sluggish ad market. It's not clear there's an end in sight.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Warner Bros. Discovery stock tumbles on earnings missWarner Bros. Discovery (WBD) shares are diving Wednesday morning after reporting third-quarter earnings losses as the media company transitions through...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Warner Bros Discovery meets quarterly revenue estimates amid strike, sluggish ad marketAlthough Hollywood's film and television writers ratified a new, three-year contract in September, ending their 148-day work stoppage, members of the SAG...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Warner Bros Discovery meets quarterly revenue estimates amid strike, sluggish ad marketExplore stories from Atlantic Canada.
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »