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Warner Bros. Discovery (WBD) collaborates with Snapchat for an augmented reality campaign to promote Dune: Part Two.
Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company's latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn't show — a full-year 2024 forecast. The stock is scraping $8.
Michael Morris, Guggenheim Securities entertainment and media analyst, joins 'Squawk on the Street' to discuss what Morris makes of Warner Bros. Discovery's quarterly earnings results, why the company decided not to release full-year guidance, and more.
"Warner Bros. Discovery (WBD) missed fourth-quarter estimates on both the top and bottom line, the stock dropping Friday morning after posting this wider-than-expected loss.
While the top- and bottom-line numbers for Warner Bros. Discovery (WBD) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Warner Bros. reports fourth-quarter direct-to-consumer subscribers of 97.7 million.
Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.11.
CNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.
Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. It ended the year with 97.7 global streaming subscribers (including 1.