Tag: David Zaslav

Total revenues at Warner Bros. Discovery fell by 7 percent in Q4 to $10.3 billion, with the company narrowing its loss from $2.1 billion to $400 million.

Warner Bros. Discovery narrowed its Q3 loss to $417 million on revenues that were stable at $9.98 billion.

Even as its direct-to-consumer segment swung to a profit in the first quarter, Warner Bros. Discovery reported a Q1 loss of $1.1 billion, citing acquisition-related amortization costs and restructuring expenses, on revenues that were down 5 percent to $10.7 billion.

Max, the unified HBO Max and discovery+ streaming platform, is set to roll out in the U.S. on May 23 with a new tagline, “The One to Watch.”

On revenues of $11 billion, Warner Bros. Discovery reported a Q4 loss of $2.1 billion following $1.8 billion in asset write-downs and $1.2 billion in merger-related restructuring expenses.

Warner Bros. Discovery, which closed the third quarter with almost 95 million direct-to-consumer subscribers, reported a net loss of $2.4 billion in the period on revenues of $9.8 billion as a result of merger and impairment costs.

HBO Max and discovery+ will be combined into an as-yet-unnamed unified platform delivering both ad-free and ad-lite options in 2023, with a FAST service potentially to follow, David Zaslav and JB Perrette revealed in an investor call as Warner Bros. Discovery (WBD) reported its first financial results as a combined company.

In its first financial results as a merged company, Warner Bros. Discovery reported a second-quarter net loss of $3.4 billion on revenues of $9.8 billion.

Warner Bros. Discovery reported first-quarter revenues of $3.16 billion, a 13 percent gain, delivering a net income of $456 million.

Discovery, Inc. has unveiled the future executive leadership team for Warner Bros. Discovery, led by David Zaslav as CEO.