Categories Earnings, Other Industries
Earnings Summary: Highlights of Warner Bros. Discovery’s (WBD) Q1 2024 report
Warner Bros. Discovery (NASDAQ: WBD), a leading media and entertainment company, reported financial results for the first quarter of 2024.
- First-quarter total revenues decreased 7% year-over-year, both reported and ex-FX, to $9.96 billion
- Studios revenues decreased 13% annually, ex-FX, to $2.82 billion; Networks revenues dropped 8% to $5.13 billion
- Direct-to-Customer revenues increased modestly to $2.46 billion compared to the prior year quarter
- Net loss available to Warner Bros. Discovery was $966 million in the March quarter, vs. a loss of $1.07 billion a year earlier
- On a per-share basis, Q1 loss narrowed to $0.40 from $0.44 in the year-ago quarter
- Adjusted EBITDA came in at $2.10 billion in the first quarter, compared to $2.61 billion a year earlier
- Cash provided by operating activities was $585 million during the three months; free cash flow came in at $390 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024