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Warner Bros. Discovery’s Good News Couldn’t Obscure the Warning Signs in Q4 Results
Investors sent a warning to Warner Bros. Discovery as the stock plunged amid concerning red flags in the company's fourth-quarter earnings report.
These are the company’s profitable pillars, the earnings engines keeping the light bills paid while streamer Max and HBO chomp through investment capital as both entities are reinvented for a new era of television. In Zaslav’s view, the unnamed sports venture is a sign that media heavyweights have no intention of letting outside distributors drive the push to offer bundles of competing channels (just like old-fashioned cable). JB Perrette, CEO and president of global streaming and gaming for WBD, suggested that the company believes that it is leaving Euros and pounds on the table by not going it alone with Max in large European markets.
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