Warner Bros. Discovery (WBD) reported second-quarter 2024 loss of $4.07 per share, significantly wider than the Zacks Consensus Estimate of a loss of 18 cents. The company had incurred a loss of 51 cents in the year-ago quarter. Revenues decreased 6.2% year over year to $9.71 billion, which missed the Zacks Consensus Estimate by 3.5%.Advertising revenues decreased 3.5% year over year to $2.43 billion. Distribution revenues dropped 5% year over year to $4.87 billion. Content revenues declined 13.8% year over ...

Warner Bros Discovery (NASDAQ:WBD) stock is sliding lower on Thursday after the entertainment company posted its earnings report for the second quarter of 2024.Warner Bros Discovery starts off its earnings report with adjusted EPS of -18 cents. That’s worse than Wall Street’s estimate of -3 cents per share for the quarter.Adding to that is the company’s revenue of $9.71 billion. That’s another miss compared to analysts’ revenue estimate of $10.07 billion. It’s also a 5% decrease year-over-year for the enter ...

Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under $7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to $6.73, a low. It’s trading down more than 12% at $6.76 right now. The company missed most Wall Street forecasts in its numbers yesterday and posted an enormous loss after a $9.1 billion impairment charge to account for slipping advertising and uncertainty around spor ...

KEY TAKEAWAYSWarner Bros. Discovery shares plunged Thursday after the entertainment company recorded an almost $10 billion second-quarter loss, hit by a write-down in the value of its cable networks.The company posted a $9.1 billion non-cash goodwill impairment charge from its cable networks segment, as CNN and TNT, among others, continue to be hit by streaming giants like Netflix.The company posted a wider-than-forecast Q2 loss of $9.99 billion while its revenue of $9.71 billion also trailed analysts' esti ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Warner Bros. Discovery's poor second quarter came two years after it was formed by a merger between WarnerMedia and Discovery. Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion. Almost all of the loss was down to a $9.1 billion wr ...

财务数据和关键指标变化 - 直播消费者业务收入同比增长6%,主要由于广告收入强劲增长抵消了内容收入下降70% [56] - 网络广告收入同比下降9%,主要由于国内广告量下降13%,但欧洲市场表现良好 [64] - 公司整体广告收入同比下降3%,较上一季度的7%下降有明显改善 [65] - 公司在第二季度产生近10亿美元的自由现金流,同比下降750万美元,主要由于内容投资增加和经营利润下降 [68] 各条业务线数据和关键指标变化 - 直播消费者业务方面,国际市场净增加近400万用户,而国内用户增长有限 [58] - 工作室业务方面,电影票房收入有所增长,但电视业务和游戏业务表现较弱 [67] - 体育业务方面,欧洲奥运会转播和美国主要体育联赛转播表现良好 [36][38][39] 各个市场数据和关键指标变化 - 欧洲和拉丁美洲市场Max用户增长强劲,而美国市场增长有限 [58] - 欧洲广告市场表现优于美国,广告收入同比增长 [64] - 公司正计划在2026年初在英国、德国和意大利等重要市场推出Max服务 [19][37] 公司战略和发展方向及行业竞争 - 公司将继续推进Max在全球范围内的扩张,计划在未来18-24个月内进入更多市场 [19][156][160] - 公司正在与更多国际分销商合作,通过捆绑销售等方式加快Max在全球的推广 [20][22] - 公司认为要在全球范围内具备竞争力,需要提供本地内容和体育赛事 [15][44] - 公司正在整合工作室、体育和直播消费者业务,以提升内容制作和分发能力 [35][44] 管理层对经营环境和未来前景的评论 - 管理层认为行业正经历一场"世代性"的颠覆,需要采取果断措施应对 [43] - 管理层对直播消费者业务的未来前景充满信心,预计2025年EBITDA将超过10亿美元 [26][62] - 管理层对工作室业务的转型感到鼓舞,未来两年的内容阵容令人期待 [31][32][33] - 管理层对体育业务的发展前景乐观,未来将继续扩大体育内容版图 [36][38][39][40] 其他重要信息 - 公司在第二季度进行了9.1亿美元的商誉减值,主要反映了传统媒体业务前景的不确定性 [50][51][153] - 公司将继续优先使用自由现金流偿还债务,目标维持2.5-3倍的总负债率 [46][47] - 公司正在积极评估各种战略选择,包括资产出售和业务重组,以最大化股东价值 [102][105] 问答环节重要的提问和回答 问题1 **Robert Fishman 提问** 询问公司是否考虑通过合资等方式扩大Max的内容供给和分销渠道 [74] **David Zaslav 和 JB Perrette 回答** 公司正在与更多国际合作伙伴探讨各种合作模式,以加快Max在全球的推广 [76][80][81] 问题2 **Michael Ng 提问** 询问NBA权利谈判的结果对公司传统业务EBITDA的潜在影响 [98] **Gunnar Wiedenfels 回答** 公司正在密切关注NBA权利谈判的进展,并将在适当时候披露相关影响 [103][104] 问题3 **Jessica Reif Ehrlich 提问** 询问公司是否有信心在传统业务下滑的情况下,依然能够实现整体业务的持续增长 [131] **Gunnar Wiedenfels 和 David Zaslav 回答** 公司有信心通过直播消费者业务和工作室业务的快速发展,抵消传统业务的下滑,实现整体业务的持续增长 [134][149][153]

Warner Bros. Discovery said Wednesday it wrote down the value of its TV assets due to the uncertainty of fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading.The film and entertainment studio, which owns sports network TNT and streaming service Max, recorded a $9.1 billion non-cash goodwill charge in the second quarter. This charge, stemming from a reassessment of the assets’ value since the merger of WarnerMedia and Discovery, contrib ...

For the quarter ended June 2024, Warner Bros. Discovery (WBD) reported revenue of $9.71 billion, down 6.2% over the same period last year. EPS came in at -$4.07, compared to -$0.51 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $10.07 billion, representing a surprise of -3.50%. The company delivered an EPS surprise of -2161.11%, with the consensus EPS estimate being -$0.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Warner Bros. Discovery (WBD) came out with a quarterly loss of $4.07 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2,161.11%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post a loss of $0.24 per share when it actually produced a loss of $0.40, delivering a surprise o ...

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