UPDATE—May 9, 2024: This article has been updated to reflect more recent share price information.Key TakeawaysWarner Bros. Discovery's revenue fell more than estimated in the first quarter and the entertainment conglomerate reported a wider-than-expected net loss.Shares seesawed in early trading Thursday following the release. Ongoing negotiations with the NBA over the league's next broadcasting deal, along with a streaming bundle partnership with Disney the companies announced Wednesday, could substantial ...