Warner Bros. Discovery expects the Hollywood strikes to take a big chunk out of its earnings.

, Warner Bros. Discovery says it’s lowering its earnings expectations by about $300 to $500 million amidst the writers and actors strike. The company now anticipates earning anywhere from $10.5 to $11 billion for 2023:

While WBD 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 WBD of these strikes will persist through the end of 2023.

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