Check out this image of the Warner Bros. Discovery Atlanta campus during the Writers Guild of America strike against the Alliance of Motion Pictures and Television Producers in Atlanta, Georgia on May 2, 2023. The company missed analyst targets for profit and revenue in the fourth quarter, leading to a 10% drop in shares. The net loss for the quarter was $400 million, with a decline in linear television advertising revenue and actual distribution revenue. CEO David Zaslav acknowledged the challenges faced by the business during the fourth-quarter earnings conference. For more details, visit www.cnbc.com
Source: www.cnbc.com
Date: 2024-02-23 15:57:00