Warner Bros. Discovery (WBD) Q2 Earnings Miss, Ad Sales Fall Y/Y
WBDWarner Bros. Discovery(WBD) ZACKS·2024-08-08 23:55

Warner Bros. Discovery (WBD) reported second-quarter 2024 loss of 4.07pershare,significantlywiderthantheZacksConsensusEstimateofalossof18cents.Thecompanyhadincurredalossof51centsintheyearagoquarter. Revenuesdecreased6.24.07 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 2.43billion.Distributionrevenuesdropped52.43 billion. Distribution revenues dropped 5% year over year to 4.87 billion. Content revenues declined 13.8% year over ...