Variety
·entertainment
·1 hour ago
Warner Bros. Discovery posts Q1 loss despite streaming and studios revenue growth
Warner Bros. Discovery posted a first-quarter loss despite streaming revenue rising 7% to $2.9 billion and studios revenue jumping 31% to $3.13 billion. A $2.8 billion financial obligation tied to its pending Paramount-Skydance acquisition overwhelmed operational gains. Overall revenue fell 3% as advertising declined 8% following the loss of NBA programming from its television schedule.
Summary by Glance · Variety
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