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%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

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.

 

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

 /  🏆 5. in FR

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.

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.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Warner Bros Discovery meets quarterly revenue estimates amid strike, sluggish ad marketExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »