News Formal

Warner Bros. Discovery cuts a 2023 earnings forecast, citing Hollywood strike-related costs

  • 📰 AP
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

대한민국 뉴스 뉴스

Warner Bros. Discovery is cutting one of its full-year earnings forecasts, saying it will likely incur $300 million to $500 million in costs due to the ongoing Hollywood writers and actors’ strikes.

The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depreciation and amortization to be between $10.5 billion to $11 billion, due to the anticipated strike-related costs. It previously predicted its adjusted EBITDA would be at the low end of a range of $11 billion to $11.5 billion.

“While is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end. With both guilds still on strike today, the company now assumes the financial impact to of these strikes will persist through the end of 2023,” the company stated.The Associated Press is an independent global news organization dedicated to factual reporting.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 728. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings'The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors,' the entertainment giant says in a regulatory filing.
출처: THR - 🏆 411. / 53 더 많은 것을 읽으십시오 »

Warner Bros. Discovery Expects Earnings Hit Of Up To $500 Million From Strikes This YearThe financial impact of ongoing actors and writers strikes as a number on it now as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adjusted EBTITDA (earn…
출처: DEADLINE - 🏆 109. / 63 더 많은 것을 읽으십시오 »

Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag onWarner Bros. Discovery cut profit expectations as the writers' and actors' strikes drag on, keeping production halted.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Warner Bros. Discovery Sees Earnings Hit From Strikes Of Up To $500 Million This YearThe financial impact of ongoing actors and writers strikes has a number on it now, or one at least, as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adj…
출처: DEADLINE - 🏆 109. / 63 더 많은 것을 읽으십시오 »