Warner Bros. Discovery misses estimates for revenue and profit but boosts free cash flow
Warner Bros. Discovery(WBD) CNBC·2024-02-23 20:38
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 re ...