Warner Bros. Discovery Revenue Dropped in 4th Quarter in Kivo Daily

Warner Bros. Discovery – Numerous large corporations have released their fourth-quarter revenue reports in recent weeks.

Some have improved, while others have remained the same, and some have suffered major losses.

Warner Bros. Discovery is one of the corporations that reported a huge loss in the fourth quarter.

The news

Warner Bros. Discovery released a statement on Thursday, reporting a large loss of more than $11.1 billion in fourth-quarter sales, falling short of analysts’ expectations.

A lackluster advertising market can be blamed for some of the company’s decline.

Warner Bros. Discovery’s TV networks division shrank by 6% to $5.5 billion, with an emphasis on ad income…Read More

Source: Kivo Daily

Last updated February 27, 2023