Warner Bros Discovery misses quarterly revenue estimates

08/07/2024

Less than a minute

2024.08.07 16:36

(Reuters) -Warner Bros Discovery (NASDAQ:) missed Wall Street expectations for quarterly revenue on Wednesday, hurt by a studio slump after its highly anticipated film “Furiosa: A Mad Max Saga” had a weak box-office run.

© Reuters. FILE PHOTO: The Warner Bros logo is seen during the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric Gaillard/File Photo

Shares of the company fell 8% in trading after the bell.

The media giant reported revenue of $9.71 billion in the second quarter on Wednesday, compared to analysts’ estimate of $10.07 billion, according to LSEG data.

08/07/2024

Less than a minute

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