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.
TNT, TBS, and Discovery are among the cable networks affected...Read More
Source: Kivo Daily