Blockbuster hit Barbie lifted revenues at Warner Bros. Discovery, the owner of CNN, in the third quarter, although its
Blockbuster hit “Barbie” brought in a record $1.5 billion for Warner Bros. Discovery, but the company still reported a $417 million loss for the quarter that was bigger than Wall Street’s forecasts. Warner Bros. Discovery, the owner of CNN, needed the revenue boost from “Barbie” to achieve a narrow 2% increase in sales.
The company’s revenue came in at just under $2 billion for the quarter. The company’s net loss marked an improvement from the $2.3 billion loss it reported in the same quarter a year earlier. But its loss per share of 17 cents was larger than the forecast of a 6-cent-a-share loss expected by analysts surveyed by Refinitiv. This is a developing story. It will be updated.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Warner Bros. Discovery stock slumps after wider-than-expected loss, while revenue topped projectionsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Weiterlesen »
Warner Bros. Discovery, Lionsgate, Gray Television Join Free TV Networks LaunchFree TV Networks, a new programming entity with a presence in both over-the-air broadcast and streaming, has enlisted Warner Bros. Discovery, Lionsgate and Gray Television as partners and suppliers…
Weiterlesen »
Tour ‘Elf’ film locations in NYC to celebrate its 20th anniversaryElf - Original Theatrical Trailer - Warner Bros.
Weiterlesen »
Warner Bros. Discovery Feels Pain of Hollywood Strikes. The Stock Drops.The entertainment company reports a third-quarter loss of 17 cents a share, wider than analysts' expectations.
Weiterlesen »