Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company’s latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn’t show — a full-year 2024 forecast. The stock is scraping $8.50 late morning as the lack of a number “challenges confidence,” said Michael Morris of Guggenheim Partners in a note. “The results themselves were not great,” he noted on CNBC, but not all that surprisin ...

财务数据和关键指标变化 - 公司在2023年全年实现了12%的EBITDA增长,同比增加超过10亿美元 [24] - 公司在2023年实现了60%的自由现金流转化率,全年自由现金流达62亿美元 [28][30] - 公司在2023年末的净负债率为3.9倍,低于4倍的目标 [31][32] 各条业务线数据和关键指标变化 - 工作室业务受到罢工影响,收入和EBITDA表现不佳 [34][35][36] - 频道业务广告收入下降14%,但第一季度广告收入有所改善 [37][38][39] - 直播业务实现了2.2亿美元的EBITDA改善,转亏为盈 [26][27] 各个市场数据和关键指标变化 - 欧洲市场广告收入在第四季度实现正增长,其中波兰、德国和意大利表现突出 [9][10] - 拉美市场广告收入受到挑战,但为公司的直播业务带来了机遇 [39] 公司战略和发展方向及行业竞争 - 公司将重点放在提高自由现金流和偿还债务,并致力于在2025年前实现直播业务10亿美元的EBITDA目标 [26][33][43] - 公司将继续投资于内容制作和IP开发,特别是在电影、电视剧和游戏领域 [11][12][13][15][16] - 公司正在与迪士尼和福克斯合作推出新的体育产品,以满足消费者需求 [64][65][66][67] 管理层对经营环境和未来前景的评论 - 管理层对公司在2024年的发展前景持乐观态度,认为公司正处于增长的关键时期 [6][7][8] - 管理层表示,公司正在应对付费电视生态系统的持续disruption以及线性广告市场的失衡 [8] - 管理层认为,公司的内容和IP资产是公司未来增长的关键驱动力 [10][11][15][16] 问答环节重要的提问和回答 问题1 **Kutgun Maral 提问** 询问公司在电影和电视业务方面的战略及其在财务表现上的体现 [51][52] **David Zaslav 和 JB Perrette 回答** 公司正在重点投资于电影和电视内容,并计划在未来两年内大幅提升Max的内容阵容 [53][54][55][56][57][58][59][60] 问题2 **John Hodulik 提问** 询问公司2024年的EBITDA和自由现金流指引,以及新的体育联合业务的情况 [63][64][65][66][67] **Gunnar Wiedenfels 和 David Zaslav 回答** 公司不会给出具体的EBITDA和自由现金流指引,而是将继续专注于提高资本效率和偿还债务 [68][69][70][71] 新的体育联合业务旨在为消费者提供更简单便捷的观看体验,并有望为公司带来增量增长 [64][65][66][67] 问题3 **Robert Fishman 提问** 询问公司对于内容重新捆绑的看法,以及Bleacher Report体育业务的未来 [115][116][117][118][119][120][121][122] **David Zaslav 和 JB Perrette 回答** 公司认为内容重新捆绑将为消费者提供更好的体验,并表示正在探索自主捆绑和与第三方平台合作的方式 [117][118][119] Bleacher Report体育业务将与新的体育联合业务进行协同,为Max用户提供更丰富的体育内容 [120][121][122]

For the quarter ended December 2023, Warner Bros. Discovery (WBD) reported revenue of $10.28 billion, down 6.6% over the same period last year. EPS came in at -$0.16, compared to $0.42 in the year-ago quarter. The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $10.23 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -45.45%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

营收情况 - Warner Bros. Discovery在2023年12月结束的季度实现了102.8亿美元的营收，超过Zacks Consensus预期0.58%[3] - 公司去年同期的营收为110.1亿美元，过去四个季度中有三次超过市场预期的营收[4] 盈利情况 - Warner Bros. Discovery在上个季度每股亏损为0.16美元，低于Zacks Consensus预期的亏损0.11美元，与去年同期每股盈利0.42美元相比[1] - Warner Bros. Discovery在过去四个季度中未能超过市场预期的每股盈利[2]

The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. Warner Bros. Discovery missed analyst targets for both profit and revenue in the fourth quarter but boosted free cash flow as its streaming service Max ended 2023 profitable for the first time. Shares of Warner Bros. Discovery fell about 1% in premarket trading Friday following the ...

Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. It ended the year with 97.7 global streaming subscribers — including 1.3 million from BluTV, the Turkish streamer it acquired in December. Revenue of close to $10.3 billion compared with $11 billion the year before, down 7%. Revenue at the television studio was hit by the impact of ...

NEW YORK, Feb. 23, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter and year ended December 31, 2023. Please visit the "Investor Relations" section of the Company's website at https://ir.wbd.com/ to view the financial results and other earnings materials. The Company will conduct a conference call today at 8:00 a.m. ET (5:00 a.m. PT) to discuss the results. A link to the live webcast of the conference call will be available in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from to Commission File Number: 001-34177 Warner Bros. Discovery, Inc. (Exact name of Registrant as specified in its charter) Delaware 35-2333914 (State or other jurisdiction of ( ...

财务表现 - Q4总收入为102.84亿美元，同比下降7%[1] - Warner Bros. Discovery, Inc.的总收入为102.84亿美元，同比下降7%[1] - 2023年公司总营收为25.29亿美元，同比增长3%[4] - 2023年第四季度，公司总收入为10028.4亿美元，较上年同期下降7.1%[9] - 2023年第四季度，公司净亏损为6.13亿美元，较上年同期有所改善[13] 财务指标 - Warner Bros. Discovery, Inc.的可供投资的净亏损为4亿美元，同比增长81%[1] - Warner Bros. Discovery, Inc.的调整后EBITDA为24.71亿美元，同比下降5%[1] - 调整后的EBITDA亏损为5500万美元，较去年同期改善了75%[4] - 公司2023年第四季度调整后的EBITDA为24.71亿美元，较上年同期略有下降[13] 现金流 - 经营活动现金流量增加至35.78亿美元[1] - Warner Bros. Discovery, Inc.的经营活动现金流量为35.78亿美元，同比增长26%[1] - 2023年第四季度，公司经营活动现金流为35.78亿美元，同比增长26%[7] - 2023年第四季度，公司经营活动现金流增至35.78亿美元，自由现金流增至33.1亿美元[7] 市场表现 - 全球直接消费者平均收入为7.94美元，较去年同期增长7%[4] - 公司在财报电话会议中提到，美国市场的收入增长了4.2%[14] - 公司在电话会议中强调了在中国市场创下的iPhone销售收入纪录为967.7亿美元[15] 资本结构 - 公司在2023年偿还债务总额达54亿美元，平均债务期限为15.0年，平均成本为4.6%[7] - 公司保持未动用的60亿美元循环信贷额度[7]

Warner Bros. Discovery (WBD) is set to report fourth-quarter 2023 results on Feb 23. For the quarter, the Zacks Consensus Estimate for loss has widened by 2 cents to 11 cents per share in the past 30 days. The consensus mark for revenues is pegged at $10.23 billion, implying a 7.11% decrease from the year-ago quarter’s reported figure. Let’s see how things have shaped up for this announcement. Factors to Consider Warner Bros. Discovery’s fourth-quarter 2023 performance is expected to have witnessed a sluggi ...