Warner Bros. Discovery Sees Wider-Than-Expected 1Q Loss

Warner Bros. Discovery is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Warner Bros. Discovery posted a wider-than-expected first-quarter loss and revenue that fell short of estimates. The company had a loss of $966 million, or 40 cents a share, narrower than the loss of $1.069 billion, or 44 cents a share, posted in the year-earlier period. Revenue fell to $9.958 billion from $10.700 billion. The FactSet consensus was for a loss of 20 cents and revenue of $10.223 billion. Dow Jones & Co. owns Factiva.

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