Shares of Warner Bros. Discovery (NASDAQ: WBD) pulled back today after the entertainment company posted weak results in its third-quarter earnings report, missing estimates on the top and bottom lines. On a generally accepted accounting principles (GAAP) basis, the company posted a per-share loss of $0.95, which includes a $1.9 billion pre-tax amortization charge for an acquisition-related intangible asset and $1.5 billion in pre-tax restructuring charges. While we have lots more work to do, and there are some difficult decisions still to be made, we have total conviction in the opportunity ahead. Read More...
Morningstar Research
Analyst Report: Warner Bros. Discovery, Inc.
Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm’s content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, HBO Max and Discovery+.
