"Warner Bros. Discovery's Rollercoaster Q4: From Losses to Streaming Profits"
TL;DR Summary
Warner Bros. Discovery stock plummeted 9% after the Q4 earnings report revealed financial progress for the Max streaming service but weakness in advertising sales and other key areas. CEO David Zaslav reassured analysts about the company's long-term outlook, citing a new leadership team and efforts to improve the balance sheet. The stock closed at $8.75, down 18% year to date and 46% over the past 12 months.
Topics:business#advertising-sales#finance#q4-earnings-report#stock-market#streaming-service#warner-bros-discovery
- Warner Bros. Discovery Stock Price Plummets After Q4 Earnings Report Variety
- Warner Bros. Discovery posts wider than expected loss in Q4 Yahoo Finance
- Warner Bros. Discovery Becomes First Hollywood Conglomerate to Turn Full-Year Streaming Profit, Hitting $103M Hollywood Reporter
- Warner Bros. Discovery misses estimates for revenue and profit but boosts free cash flow CNBC
- Warner Bros. Discovery posts a much narrower loss than a year ago CNN
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