Warner Bros. Discovery misses first-quarter estimates despite streaming growth
Publishing timestamp: 2024-05-09 16:32:55
Summary
Warner Bros. Discovery reported first-quarter results that missed analyst expectations, despite strength in its streaming unit. The company announced a $1.75 billion cash tender to reduce debt and added 2 million streaming subscribers. They also announced a streaming bundle with Disney.
Sentiment: MIXED
Keywords: breaking news: business, fox corp. class a, entertainment, walt disney co, sports, warner bros discovery inc, business, media, advertising, business news, earnings,
Source: https://www.cnbc.com/2024/05/09/warner-bros-discovery-wbd-earnings-q1-2024.html