Warner Bros Discovery's shares fall as ad market recovery looks uncertain

WBD cut its forecast for 2023 adjusted core earnings, or EBITDA, and now expects it to grow in low- to mid-twenties percentage. This implies a range of $11 billion to $11.5 billion, below its previous target of $12 billion.

But the market is focusing on profitability rather than the future industry growth trend, given the current economic conditions, CrispIdea analyst Subhendu Behera said.Wolfe Research analyst Peter Supino said the company's net debt was still very high and raised concerns about its high-pay TV exposure, at a time people are moving to streaming.The company reported a

Serves 'em right: 90% of their programming is insulting and sophomoric. The other 10% is just sophomoric.

Hope they sell TV3 to Iwi 😉

JoeXiden 🇨🇳 regimes economy.

Zaz to the rescue. What a disaster.

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WSJ News Exclusive | Warner Bros. Discovery Looks to Get Out of Regional Sports TV BusinessWarner Bros. Discovery is looking to get out of the regional sports TV business. It told the NBA, MLB and NHL that it wants to cease operating three networks. This may be the thing that finally gets the small markets owners to demand true revenue sharing and a cap/floor system. Is this driven by more by decreased revenues or by out of control rights fees? Either way, is this the beginning of the end of up and to the right $$ in sports? ogilviej golfidant
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