Categories Earnings, Leisure & Entertainment
Earnings Summary: Warner Bros. Discovery (WBD) reports Q3 2023 results
Warner Bros. Discovery (NASDAQ: WBD), a leading media and entertainment company, on Wednesday reported financial results for the third quarter of 2023.
- Q3 revenues rose 2% annually to $9.98 billion; ex-FX, the top line edged up 1% from the prior year quarter
- Studios revenues were $3.23 billion in the three-month period, which is up 3% year-over-year ex-FX
- Net loss available to the company was $417 million in Q3, compared to a loss of $2.31 billion in the year-ago quarter
- Adjusted EBITDA was $2.97 billion in the September quarter, up 22% from $2.42 billion reported a year earlier
- Cash provided by operating activities increased sharply to $2.52 billion in the third quarter; free cash flow was $2.06 billion
- Global DTC subscribers dropped 0.7 million to 95.1 million at the end of Q3 vs. 95.8 million at the end of Q2
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
