NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or "the Company") (NASDAQ: WBD). Investors who purchased Warner Bros. Discovery securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/WBD. Investigation Details On August 7, 2024, Warner Bros. Discovery released its sec ...

In their second quarter esrnings report David Zaslav, President and CEO of Warner Bros. Discovery ... [+] announced the media company would be taking a $9.1 billion write-down with the cable networks. Cable television have been losing subscribers, viewers and revenue. In an effort to retain the media rights, the WBD is suing the NBA, a partnership that began in 1988. (Photo by Kevin Dietsch/Getty Images) Getty Images During their second quarter earnings report on August 7, Warner Bros. Discovery announced a ...

Erik Khalitov Warner Bros. Discovery Investment Thesis The story at Warner Bros. Discovery, Inc. (NASDAQ:WBD) continues to become more challenging, causing the stock to plunge to all-time lows. The large media company has failed miserably to transition to a DTC video streaming platform, and a lack of content spending is likely holding back results now. My investment thesis remains more Neutral on the stock, with Warner Bros. entering value trap territory. finviz Thu AUG 08 2024 1:38 PM ET WBD DAILY -0.64 (8 ...

Warner Bros. Discovery Chief Executive Officer David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner Bros. Discovery shares have fallen about 70% since April 8, 2022, the day the merger closed. His tenure has been defined by implementing thousands of layoffs, cutting movies and TV series for tax efficiencies, killing off CNN+ a month after its l ...

Problems continue to pile up for the entertainment giant. Shares of Warner Bros. Discovery (WBD -7.78%) were plumbing new depths today after the entertainment giant posted another disappointing earnings report in its second quarter. As a result, the stock was down 8.9% at 12:34 p.m. ET. Warner Bros. is still broken Warner Bros. Discovery has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media. Thos ...

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 ove ...

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 ent ...

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 sport ...

KEY TAKEAWAYS Warner 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' e ...

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 write ...