Reported 2 months ago
Warner Bros. Discovery (WBD) reported a disappointing second quarter with revenues of $9.7 billion and a significant loss of $4.07 per share, largely due to a $9.1 billion impairment charge impacting its linear TV networks. Analyst Jamie Lumley discussed the challenges WBD encounters across its brands, particularly in the competitive streaming landscape where they risk losing NBA streaming rights. WBD's high debt of over $40 billion complicates any potential restructuring amidst speculation of mergers and acquisitions.
Source: YAHOO