Warner Bros Discovery Q1 revenues of $9.96bn missed estimates by $260m due to weak advertising, strike delays, and "Suicide Squad" underperformance.

Warner Bros Discovery reported Q1 revenues of $9.96bn, missing analyst estimates by $260m. The miss was attributed to a weak advertising market, strike-related delays at the studio segment, and underperformance of the game "Suicide Squad: Kill the Justice League." Shares of the company fell 1.9% in premarket trading as a result of the miss.

May 09, 2024
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