Loading...
Market
Will Warner Bros. Discovery's studio revenue increase in Q4 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Warner Bros. Discovery's Q4 2024 earnings report
Story
Warner Bros. Discovery Reports Mixed Q3 2024 Earnings, Streaming Segment Shows Strong Growth with 110.5M Subs, Stock Up 5%
Nov 7, 2024, 12:41 PM
Warner Bros. Discovery reported its Q3 2024 earnings, revealing mixed results. The company posted earnings per share of $0.05, surpassing the estimated loss of $0.11. Total revenue for the quarter was $9.62 billion, slightly below the expected $9.8 billion and down 3% year-over-year. Adjusted EBITDA came in at $2.41 billion, marking an 18% decline year-over-year. Net income available to Warner Bros. Discovery was $0.1 billion. The company's streaming segment showed significant growth, with a profit of $289 million and a subscriber base reaching 110.5 million, an increase of 7.2 million subscribers. However, the revenue from studios and linear TV faced pressure, with studio revenue down 17% year-over-year to $2.68 billion. The box office saw a 40% decline in a 'Barbie'-less summer. Despite these challenges, Warner Bros. Discovery's stock rose 5% pre-market following the earnings report, driven by the strong performance in its streaming segment.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
More than $10 billion • 25%
$9.5 to $10 billion • 25%
$9 to $9.5 billion • 25%
Less than $9 billion • 25%
Less than $100 million • 25%
$100 million to $150 million • 25%
$150 million to $200 million • 25%
More than $200 million • 25%
Below expectations • 25%
Meets expectations • 25%
Exceeds expectations by up to 5% • 25%
Exceeds expectations by more than 5% • 25%
Above $40 billion • 25%
$35-$40 billion • 25%
$30-$35 billion • 25%
Below $30 billion • 25%
Yes • 50%
No • 50%
