Warner Bros. Discovery: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 04:51 PM ET
Last Updated - Jun 22, 2023, 07:51 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Thursday reported a loss of $2.1 billion in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 86 cents. Earnings, adjusted for amortization costs and restructuring costs, were 42 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $11.01 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $11.03 billion.
