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WBD / Warner Brothers Discovery warns Hollywood strikes will strip as much as $500M from earnings

Warner Bros Discovery Inc (NASDAQ:WBD) has cut its full-year earnings guidance due to the ongoing impact of the strike by writers and actors. In a Securities and Exchange Commission filing, the entertainment group lowered its adjusted underlying earnings (EBITDA) for 2023 to between $10.5 billion and $11 billion, saying earnings would be $300 million to $500 million lower than previously forecast, mostly due to the impact of the strikes. Read More

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WBD

Posted: Sep 5 2023, 09:43

Author Name: Proactive Investors

WBD News

By Seeking Alpha
November 3, 2023

Warner Bros. Discovery: Undervalued Against Peers As Earnings Are Poised To Rise

WBD continues to show net loss since the merger, but this scenario will soon change. It is generating FCF and Earnings will follow. Compared to its pe

By Zacks Investment Research
November 1, 2023

Warner Bros. Discovery (WBD) Rises Higher Than Market: Key Facts

In the most recent trading session, Warner Bros. Discovery (WBD) closed at $10.08, indicating a +1.41% shift from the previous trading day.

By Yahoo Finance
October 31, 2023

Warner Bros. Discovery, Cosm launch immersive reality domes

Warner Bros. Discovery (WBD) plans to partner with Cosm Technology to launch locations for immersive ""shared reality"" domes for sports viewing exper

By Proactive Investors
October 30, 2023

Warner Bros. Discovery's 3Q free cash flow to be bolstered by strikes-related savings

The impact of the then-dual Hollywood writers and actors strike during the third quarter will be in focus when Warner Bros Discovery Inc (NASDAQ:WBD)

By Proactive Investors
October 24, 2023

TNT Sports eyes discount for Premiership Rugby rights

TNT Sports, formally known as BT Sports, is closing in on a deal to continue showing Premiership Rugby, with the broadcaster eyeing up a discount for

By Seeking Alpha
October 23, 2023

Warner Bros. Discovery: The Worst Has Been Avoided

Warner Bros. Discovery is one of the world's largest media and entertainment conglomerates headquartered in New York. On November 8, Warner Bros. Disc

By MarketBeat
October 23, 2023

Time to Buy Warner Bros. Discovery On Its March to Profitability?

Media and entertainment giant Warner Bros. Discovery Inc. NYSE: WBD has hit a major milestone among streaming service providers: profitability.

By Zacks Investment Research
October 19, 2023

Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest trading session, Warner Bros. Discovery (WBD) closed at $10.39, marking a -1.8% move from the previous day.

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