Warner Bros. Stock Drops. Hollywood Strikes Hit Earnings.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Entertainment firm Warner Bros. Discovery reported a third-quarter loss of 17 cents a share, wider than analysts' expectations.

Warner Bros. Discovery reported a wider-than-expected third-quarter loss and a decline in television revenue amid Hollywood strikes and a difficult advertising market.

Warner reported a third-quarter loss of 17 cents a share on revenue of $9.98 billion. Analysts surveyed by FactSet had expected the entertainment company to report a loss of 9 cents a share on revenue of $9.97 billion.The company reported content revenue for its networks segment of $215 million, a 22% decline from the same period last year.

Newsletter Sign-up SAG-AFTRA actors have been on strike since July with workers demanding higher pay and residuals, as well as more concrete protections against artificial intelligence. Hollywood writers ended their strike at the end of September.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

'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.
La source: Reuters - 🏆 2. / 97 Lire la suite »