Warner Bros. Discovery misses earnings estimates amid greater linear TV struggles

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Free Cash Flow,Warner Bros,Advertising Revenue

Warner Bros. Discovery reported first quarter earnings before the bell on Thursday. Here's what to know.

) reported first quarter earnings before the bell on Thursday that missed expectations on both the top and bottom lines as free cash flow jumped amid aggressive cost cutting while the company's linear TV business continued to decline.

Free cash flow served as a bright spot in the quarter with the metric soaring to $390 million, beating Bloomberg consensus expectations of $239 million. The company reported negative free cash flow of nearly $1 billion in the year-earlier period. Despite profitability hurdles, Wall Street analysts have referenced several tailwinds heading into the second half of the year, which include WBD'sof the Disney+, Hulu and Max streaming services in the US starting this summer. Customers will be able to sign up for the package, with or without ads, on any of the three platforms."We continue to be in constructive negotiations with the NBA," he said. "It’s a great league. The TNT team does a terrific job. And we love the NBA.

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Warner Bros. Discovery earnings preview: Investors eye NBA updates amid linear TV turmoilWarner Bros. Discovery will report first quarter earnings before the bell on Thursday. Here's what to expect
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