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Warner Bros. Discovery Q4 Hit By Soft Advertising, Strike Impact; “We Have An Attack Plan For 2024” – David Zaslav
Warner Bros. Discovery saw revenue dip but losses narrow last quarter Free cash flow grew -- a key metric for the David Zaslav-led media giant.
Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. Theatrical revenue was higher on more releases, including Aquaman And The Lost Kingdom, despite a bit of a softer opening than expected that had analysts lowering their studio forecasts. We have an attack plan for 2024 that includes the roll-out of Max in key international markets, a more robust creative pipeline across our film and TV studios, and further progress against our long-range financial goals and are confident in our ability to drive sustained operating momentum and enhanced shareholder value,” said Zaslav.
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