Warner Bros Discovery Q3 Sees ‘Barbie’ Vie With Strike, Soft Ad Market

📆 08/11/2023 14:47:00
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Warner 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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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 industry’s biggest content creators. Streaming, which turned profitable in the first quarter ahead of most rivals, but lost $3 million in

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‘Barbie’ brought in $1.5 billion for Warner Bros. Discovery, but the company still lost money last quarterBlockbuster hit Barbie lifted revenues at Warner Bros. Discovery, the owner of CNN, in the third quarter, although its
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