Wednesday, June 19, 2024

Tag: David Zaslav

Q1 Loss for Warner Bros. Discovery

May 5, 2023

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.

Warner Bros. Discovery Records Q4 Loss

February 24, 2023

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.

Merger, Restructuring Costs Hit WBD Q3 Results

November 4, 2022

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.

David Zaslav, JB Perrette Outline WBD Streaming Strategy

August 5, 2022

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.