The company's quarterly earnings call reported fewer losses—but the company has lost hundreds of thousands of streaming subs.
Barbie wielded a lot of box-office power this year, raking in over a billion dollars at the global box office and making history as Warner Bros.’ highest-grossing film of all time. But one monster hit wasn’t enough to bring Warner Bros. Discovery into the realm of profitability, according to today’s company earnings call. As Variety and other sources reported, Warner Bros.
Discovery is trying to build new products for streamers while managing the decline of some of its biggest assets, which include the TNT and TBS cable networks,” and noted “streaming proved a bright spot during the period, with direct-to-consumer revenue up 5% thanks to price increases and new partnerships, while ad revenue rose a whopping 30%, as advertisers start moving dollars to chase broadband audiences.” Despite that, the company’s total number of subscribers is down by 700,000 to 95.
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Warner Bros Discovery Q3 Sees ‘Barbie’ Vie With Strike, Soft Ad MarketWarner Bros. Discovery’s third quarter was mixed with ‘Barbie’ coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors’ strike on the one of the i…
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'Barbie' success helps Warner Bros Discovery weather strike effects, weak ad marketWarner Bros Discovery (WBD.O) topped third-quarter profit estimates on Wednesday as the box-office hit 'Barbie' helped offset a sluggish advertising market and a studios segment starved of content due to two Hollywood strikes.
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Warner Bros. Discovery Sees ‘Barbie’ Boost In Q3 But Hurt By Hollywood StrikesI covered TV and other media for 15 years at Media Life (RIP). Now I write and edit for businesses and magazines.
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'Barbie' Success Helps Warner Weather Strike, Ad SalesBox office smash 'Barbie' helped Warner Bros Discovery top quarterly profit estimates, but the effect of two Hollywood strikes and a weak advertising market could continue to hamper the company's earnings into next year, the company said Wednesday.
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Warner Bros. Discovery, Lionsgate, Gray Television Join Free TV Networks LaunchFree TV Networks, a new programming entity with a presence in both over-the-air broadcast and streaming, has enlisted Warner Bros. Discovery, Lionsgate and Gray Television as partners and suppliers…
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