WBD

Warner Bros. Discovery will not meet deleveraging targets by the end of 2024 without a recovery in TV ads, CFO warns Warner Bros. Discovery Inc.’s stock tumbled 18% Wednesday to put it on track for its worst one-day performance in more than two years, after the studio and streaming-video company reported a wider-than-expected third-quarter loss. Adding to the gloom, the company (WBD) warned on its call that it would not meet debt-repayment targets if the TV ad market fails to revive. The company’s loss came to $417 million, or 17 cents a share, for the quarter, narrower than the loss of $2.31 billion, or 95 cents a share, posted in the year-ago period. But it was wider than the FactSet consensus for a loss of 9 cents a share. Revenue grew 1.6% to $9.98 billion, just above the FactSet consensus of $9.97 billion. Read also: Cinemark is well-positioned for postpandemic […]

Warner Bros. Discovery Q3 Revenue up 5% to $10.36B, Tops the FactSet Consensus $9.97B.

Goldman Sachs analyst Brett Feldman maintains Warner Bros. Discovery (NASDAQ:WBD) with a Buy and lowers the price target from $20 to $17.

Warner Bros. Discovery (NASDAQ:WBD) Expects FY23 Adj EBITDA $10.5B-$11B, Implying an Impact of $300M-$500M Due to Strikes Which Will Continue Through Year End, Sees Q3 FCF Over $1.7B Due to Barbie’s Performance。

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Andrew Slabin – Investor Relations David Zaslav – President & Chief Executive Officer Gunnar Wiedenfels – Chief Financial Officer Jean-Briac Perrette – Chief Executive Officer & President of Global Streaming and Games Conference Call Participants Vijay Jayant – Evercore ISI Kannan Venkateshwar – Barclays Brett Feldman – Goldman Sachs John Hodulik – UBS Jessica Reif – Bank of America Securities Benjamin Swinburne – Morgan Stanley Michael Morris – Guggenheim Philip Cusick – JPMorgan Operator Ladies and gentlemen, welcome to the Warner Bros. Discovery Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Additionally, please be advised that today’s conference call is being recorded. I would now like to hand the conference over to Mr. Andrew Slabin, Executive Vice President, Global Investor Strategy. Sir, you may now begin. Andrew Slabin Good morning and welcome