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Warner Bros. Discovery Misses Q1 Expectations, TV Ad Sales Down 11% as Streaming Revenue Flat
Warner Bros. Discovery reported its first-quarter 2024 earnings Thursday, revealing it had reached 99.6 million streaming subscribers in a tough quarter for studios and networks.
Discovery reported its first-quarter 2024 earnings Thursday, revealing it had reached 99.6 million streaming subscribers in a tough quarter for studios and networks. Wall Street forecast a loss of earnings per share (EPS) of 24 cents on $10.23 billion in revenue, according to analyst consensus data provided by LSEG, formerly Refinitiv. Warner Bros. Pictures also had a strong start to the year as the first studio to reach $1 billion in both overseas and global box office, and they have a great slate in the works.
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