‘Barbie’ brought in $1.5 billion for Warner Bros. Discovery, but the company still lost money last quarter

Warner Bros. Discovery, the owner of CNN, needed the revenue boost from 'Barbie' to achieve a narrow 2% increase in sales. The company's revenue came in at just under $2 billion for the quarter.

The company's net loss marked an improvement from the $2.3 billion loss it reported in the same quarter a year earlier. But its loss per share of 17 cents was larger than the forecast of a 6-cent-a-share loss expected by analysts surveyed by Refinitiv.This is a developing story. It will be updated.

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Warner Bros Discovery Q3 Sees ‘Barbie’ Vie With Strike, Soft Ad MarketWarner Bros. Discovery’s third quarter was mixed with ‘Barbie’ coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors’ strike on the one of the i…
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'Barbie' success helps Warner Bros Discovery weather strike effects, weak ad marketWarner Bros Discovery (WBD.O) topped third-quarter profit estimates on Wednesday as the box-office hit 'Barbie' helped offset a sluggish advertising market and a studios segment starved of content due to two Hollywood strikes.
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