WarnerMedia Earnings Fall on Higher Content and Marketing Costs; Discovery Deal to Close in Second Quarter

  • 📰 THR
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

AT&T narrows its guidance for the timing of the close of the WarnerMedia-Discovery merger, saying it expects it 'in the second quarter' after previously saying it would happen by mid-year.

At WarnerMedia, operating income fell 38 percent to $1.58 billion, even though quarterly revenue rose 15.4 percent to $9.9 billion, “reflecting the partial recovery from prior-year impacts of the pandemic.” The company cited “higher content and other revenues and subscription revenues, partially offset by lower advertising revenues.

” The Warner film unit’s film releases in the final quarter of 2021 included“Content and other revenues increased driven by higher TV licensing and theatrical, with the prior-year quarter including only one key theatrical release compared to four in fourth-quarter 2021,” the company explained. “Subscription revenues increased primarily due to growth of

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can anyone tell me the Movie name from which this still is taken *?

'Pay no attention to the $42 billion we lost on WM!'

South Africa South Africa Latest News, South Africa South Africa Headlines