Warner Bros. Discovery is hyping free cash flow. Investors don't appear to be buying it
Publishing timestamp: 2024-02-23 15:55:46
Summary
Warner Bros. Discovery CEO David Zaslav emphasizes free cash flow generation, but investors seem unimpressed. Despite ending the year with $6.2 billion in free cash flow, up 86% from the year prior, the company's shares fell 10% on Friday. Investors may not be convinced that focusing on free cash flow is the key to growth for the company.
Sentiment: MIXED
Tickers: WBD,
Keywords: entertainment, business news, media, business, breaking news: business, warner bros discovery inc, david zaslav, earnings, technology,