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Warner Bros. Files Adjusted Earnings Report Due to Strikes

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A turnaround from saying 'the strikes saved us money,' Warner Bros. has just filed a reduced earnings projection with the SEC.

) that says the company will lose nearly half a billion because of the ongoing work stoppage. “The Company is expecting lower adjusted EBITDA for the full year in the range of $10.5 to $11 billion, reflecting the Company’s assumption that adjusted EBITDA will be negatively impacted by approximately $300 to $500 million, predominantly due to the impact of the strikes.

” This adjustment comes in part from the fact that the strikes will extend past WB’s initial estimated resolution timeframe.loss is a stunning number, it’s important to remember that this is a fraction of what it would cost to agree to both the WGA and SAG-AFTRA’s patterns of demands.

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