Warner Bros: return to net profit in Q3

(CercleFinance.com) - Warner Bros Discovery reports net income of $135 million for its third quarter 2024, compared with a loss of $417 million a year earlier, but with adjusted EBITDA down 19% to $2.
41 billion.

At $9.62 billion, revenues were down 4% (-3% excluding currency effects), as a 17% drop in the studio segment could not be offset by growth of 3% in the media segment and 8% in the DTC (direct-to-consumer) segment.

In total, Max gained 7.2 million net subscribers, the strongest quarterly growth since the platform's launch, resulting in a vigorous increase in subscriber-related revenues", emphasizes CEO David Zaslav.

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