Warner Bros. Discovery Q3 Earnings Beat, Revenues Fall Y/Y
Warner Bros. Discovery(WBD) ZACKS·2024-11-08 01:51
Warner Bros. Discovery (WBD) reported third-quarter 2024 earnings of 5 cents per share, significantly higher than the Zacks Consensus Estimate of a loss of 7 cents. The company had incurred a loss of 17 cents in the year-ago quarter. Revenues decreased 6.2% year over year to $9.62 billion, which missed the Zacks Consensus Estimate by 3.4%.Advertising revenues decreased 6.4% year over year to $1.68 billion. Distribution revenues dropped 2.1% year over year to $4.92 billion. Content revenues declined 4.1% yea ...