Get the latest gossip
WBD Q1 A Miss Vs ‘Hogwarts Legacy’ Bump A Year Ago; Advertising Dips But Streaming Is Profitable
Warner Bros. Discovery missed the year-ago boost from its Hogwarts Legacy game last quarter. Advertising dipped.
It made for a very tough comp to this year as Suicide Squad: Kill the Justice League, also out in February, underperformed. Theatrical saw a bump from hugely successful Dune: Part 2 and Godzilla x Kong: The New Empire. A new streaming bundle with Max, Disney+ and Hulu announced yesterday, which gave the stock a bounce then, and an upcoming sports JV with Disney and Fox, will keep a focus on DTC in an 8 ET call with analysts.
Or read this on Deadline