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Warner Bros Q2 Headlines Look Soft Across Segments

COMMUNICATIONS

Baa3/BBB-/BBB-

  • “*WARNER BROS DISCOVERY 2Q REV. $9.71B, EST. $10.12B
  • *WARNER BROS DISCOVERY 2Q NETWORKS REV. $5.27B, EST. $5.36B
  • *WARNER BROS DISCOVERY 2Q STUDIOS REV. $2.45B, EST. $2.74B
  • *WARNER BROS DISCOVERY 2Q DTC REV. $2.57B, EST. $2.71B

  • *WARNER BROS DISC: $9.1B NON-CASH GOODWILL IMPAIRMENT CHARGE
  • *WARNER BROS: CHARGE DUE TO US LINEAR AD MARKET, SPORTS RIGHTS
  • *WARNER BROS. WILL LOSE $100M ON ITS OLYMPICS TV DEAL THIS YEAR
  • *WARNER BROS DISCOVERY 2Q LOSS/SHR $4.07, EST. LOSS/SHR 21C
  • *WARNER BROS DISCOVERY SHARES FALL 9% AFTER EARNINGS

  • *WARNER BROS DISCOVERY 2Q SUBSCRIBER NET ADDS 3.6M, EST. 1.89M” -BBG

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