Da Warner Bros. Discovery Stay Cuting Losses in Q3; ‘Barbie’ Count… 📉💰🔍
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Da Warner Bros. Discovery, de big media company dat get plenny debt afta da 2022 merger, wen cut down on its loss in da third quarter.
But even dough Barbie movie make money fo dem, advertising go down by 12% at dey TV networks. Warner Bros.
Discovery wen say dat dey net loss went from $2.31 billion to $417 million dis year compared to last year’s same time period. Dey revenue only went up by 2%, from $9.82 billion to almost $9.98 billion.
Even dough Warner Bros.’s streaming and studios operations made mo’ money, da TV networks part of deir business had a decline of 12% in revenue because not as much people stay watching anymore and companies no like spend too much on ads right now. Dey CEO David Zaslav wen say dat he stay trying fo pay off all their debt and make cash flow while still making new stuff for streamers like CNN Max hub where you can watch live-streamed version of CNN news plus sports content too!
So overall, Warner Bros.
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Q3 Loss Reduction for Warner Bros. Discovery; ‘Barbie’ Count…
Warner Bros. Discovery, the big media company that has accumulated a lot of debt after the 2022 merger, managed to reduce its losses in the third quarter.However, despite making money from their Barbie movie, advertising revenue at their TV networks decreased by 12%.
Warner Bros. Discovery reported a net loss of $417 million this year compared to last year’s same time period when they had a net loss of $2.31 billion.
Their revenue only increased by 2%, going from $9.82 billion to almost $9.98 billion.The streaming and studios operations of Warner Bros., on the other hand, generated more income while their TV networks experienced a decline in revenue due to fewer viewers and companies being hesitant about spending too much on ads right now.CEO David Zaslav stated that they are focused on paying off their debt and generating cash flow while also creating new content for streamers like CNN Max hub where you can watch live-streamed versions of CNN news as well as sports content!
