Warner Bros. earnings lag estimates but company offers upbeat guidance

Dow Jones

27 Feb

MW Warner Bros. earnings lag estimates but company offers upbeat guidance

Warner Bros. Discovery's stock rose 0.6% early Thursday, after the entertainment giant's quarterly earnings lagged estimates but it offered upbeat guidance for streaming in 2025.

The company (WBD) had a net loss of $494 million, or 20 cents a share, for the quarter, wider than the loss of $400 million, or 16 cents a share, posted in the year-earlier period. Revenue fell to $10.027 billion from $10.284 billion a year ago.

The FactSet consensus was for a loss of 2 cents and revenue of $10.179 billion.

The loss included $1.9 billion of pretax acquisition-related amortization of intangibles, content fair value step-up and restructuring costs.

Distribution revenue rose 2%, excluding the impact of the strong dollar, as growth in direct-to-consumer subscribers was partially offset by continued domestic linear pay TV subscriber declines.

Ad revenue fell 11%, but content revenue was relatively unchanged.

The company said it expects strong DTC subscriber growth to continue through 2025 and it has a clear path to reach at least 150 million global subscribers by end-2026.

(This is a breaking news story. Check back for updates)

-Ciara Linnane

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 27, 2025 07:42 ET (12:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Discovery</a>'s stock rose 0.6% early Thursday, after the entertainment giant's quarterly earnings lagged estimates but it offered upbeat guidance for streaming in 2025. \n</p>\n<p>\n     The company (WBD) had a net loss of $494 million, or 20 cents a share, for the quarter, wider than the loss of $400 million, or 16 cents a share, posted in the year-earlier period. 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Discovery</a>'s stock rose 0.6% early Thursday, after the entertainment giant's quarterly earnings lagged estimates but it offered upbeat guidance for streaming in 2025. \n</p>\n<p>\n     The company (WBD) had a net loss of $494 million, or 20 cents a share, for the quarter, wider than the loss of $400 million, or 16 cents a share, posted in the year-earlier period. Revenue fell to $10.027 billion from $10.284 billion a year ago. \n</p>\n<p>\n     The FactSet consensus was for a loss of 2 cents and revenue of $10.179 billion. \n</p>\n<p>\n     The loss included $1.9 billion of pretax acquisition-related amortization of intangibles, content fair value step-up and restructuring costs. \n</p>\n<p>\n     Distribution revenue rose 2%, excluding the impact of the strong dollar, as growth in direct-to-consumer subscribers was partially offset by continued domestic linear pay TV subscriber declines. \n</p>\n<p>\n     Ad revenue fell 11%, but content revenue was relatively unchanged. \n</p>\n<p>\n     The company said it expects strong DTC subscriber growth to continue through 2025 and it has a clear path to reach at least 150 million global subscribers by end-2026. \n</p>\n<p>\n     (This is a breaking news story. Check back for updates) \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 07:42 ET (12:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBD","symbol_name":"Warner Bros. 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Revenue fell to $10.027 billion from $10.284 billion a year ago. \n\n\n     The FactSet consensus was for a loss of 2 cents and revenue of $10.179 billion. \n\n\n     The loss included $1.9 billion of pretax acquisition-related amortization of intangibles, content fair value step-up and restructuring costs. \n\n\n     Distribution revenue rose 2%, excluding the impact of the strong dollar, as growth in direct-to-consumer subscribers was partially offset by continued domestic linear pay TV subscriber declines. \n\n\n     Ad revenue fell 11%, but content revenue was relatively unchanged. \n\n\n     The company said it expects strong DTC subscriber growth to continue through 2025 and it has a clear path to reach at least 150 million global subscribers by end-2026. \n\n\n     (This is a breaking news story. Check back for updates) \n\n\n     -Ciara Linnane \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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