Warner Bros. Discovery collapses on Wall Street

Photo credit © Reuters

( — Warner Bros Discovery plunged 10% before the stock market on Wall Street on Friday, the group having missed the revenue consensus for the quarter ended and suffered a very heavy loss of 3.42 billion dollars! The American media conglomerate announced revenues of only 9.8 billion dollars over the period ended, against 11.9 billion consensus. Small consolation, the group says it ended the quarter with 92.1 million subscribers on its streaming platforms, up from 1.7 million. It is aiming for a target of 130 million subscribers by 2025, for 1 billion dollars in EBITDA on these activities. In the meantime, the “loss peak” of streaming operations is expected for this year! This is therefore a particularly painful first financial publication for the group combining HBO Max and other WarnerMedia properties.


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