Reported 2 months ago
Warner Bros. Discovery (WBD) experienced a decline in stock during pre-market trading on Thursday after revealing its second quarter earnings. The company not only missed revenue estimates of $10.12 billion with reported earnings of $9.7 billion but also faced a wider loss per share due to a significant $9.1 billion impairment charge related to its linear TV networks. Senior entertainment reporter Alexandra Canal provides insights into WBD's earnings call and ongoing challenges, particularly in retaining its NBA streaming rights.
Source: YAHOO