Reported 19 days ago
Warner Bros. Discovery (WBD) saw its stock rise nearly 12% after reporting strong streaming subscriber growth in Q3, yet struggled with a revenue decline of 3% to $9.62 billion, missing expectations. The company faced challenges in its studios and linear TV segments, particularly after losing key NBA rights, leading to significant impairment charges. Despite successful subscriber additions and a 49% jump in streaming ad revenue, WBD's net losses and ongoing pressure in traditional TV highlight the company's uphill battle in a changing media landscape.
Source: YAHOO