Warner Bros: quarterly net loss divided by five
(CercleFinance.com) - On Thursday evening, Warner Bros Discovery reported a net loss of $400m for Q4 2023, about a fifth of its loss in this period the previous year, while its adjusted EBITDA fell 5% to $2.
47bn.
Revenues fell 7% to $10.3bn, with declines in its studios (-17%) and networks (-9%), divisions that largely offset the 3% growth in the direct-to-consumer division.
Having implemented its strategic plan to reposition it, the the media and entertainment group says it is now on a solid footing with a clear path to growth.
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