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.


Copyright (c) 2024 CercleFinance.com. All rights reserved.