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Warner Bros. Discovery shares bounce back after U.S. streaming business turns a profit

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Warner Bros. Discovery CEO David Zaslav explains how the media giant turned a $50 million streaming profit in Q1 as the writer's strike continues.

reported a big quarterly loss even as its U.S. direct-to-consumer segment turned a profit for the first time ever.

First-quarter revenue was $10.7 billion, roughly in line with analysts' estimates. The company reported a net loss of $1.1 billion and adjusted EBITDA of $2.6 billion.$10.7 billion vs. $10.78 billion expectedWarner Bros. Discovery's stock rose 3% after falling about 5% in early trading.

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