Streaming Giant Warner Bros. Discovery Reports Disappointing Q1 Earnings: Is the Future Bright or Grim?
New York City – Warner Bros. Discovery released their first-quarter earnings report on Thursday, falling short of expectations both in revenue and profit. The company experienced a 7% decrease in revenue compared to the previous year, reporting $9.96 billion instead of the anticipated $10.27 billion. While there was an improvement in free cash flow due to cost-cutting measures, the company’s linear TV business continued to decline. Network advertising revenue took a hit, falling by 11% …