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The Latest Breaking News from WBD

Warner Bros. Discovery Registers 15% Revenue Growth In Q1 Backed By Advertising, Distribution Revenue

Warner Bros. Discovery, Inc (NASDAQ: WBD) reported first-quarter FY22 revenue growth of 15% ex-FX year-on-year to $3.16 billion. Advertising revenue was up 5% Y/Y to $1.48 billion, and distribution revenue grew 9% Y/Y to $1.42 billion.

Why Warner Bros.Discovery Shares Are Plunging Today

Why Warner Bros.Discovery Shares Are Plunging Today

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

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CNN's News Streaming Service Struggles To Attract Viewers, Casting Doubt Over Its Future

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future. Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

Warner Bros. Discovery Will Hit The Ground Running, BofA Says

Warner Bros. Discovery (NASDAQ: WBD) has a strong management team and is getting ready to execute on multiple levels, according to BofA Securities.

Analysts Give Thumbs Up To This Newly Formed Media Giant; Compare It To Disney

In 2021, AT&T Inc (NYSE:T) and Discovery Inc agreed to merge AT&T's WarnerMedia assets with Discovery Inc's platform to create a standalone global entertainment company, now known as Warner Bros.Discovery Inc (NASDAQ:WBD). Analysts are now comparing the new media firm with The Walt Disney Co (NYSE:DIS). Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40,…

PreMarket Prep Stock Of The Day: AT&T

Depending on your quote provider, shares of AT&T (NYSE: T) may have been trading lower by $4.52 or higher by roughly $1.38 at $19.60 Monday. The reason for the disparity in price makes AT&T the PreMarket Prep Stock of the Day.

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Will Warner Bros. Discovery Shake Up Streaming Video Market?

Will Warner Bros. Discovery Shake Up Streaming Video Market?

AT&T's WarnerMedia division and Discovery are merging to form Warner Bros. Discovery, which hopes to lead the streaming video market.

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Max: HBO Max replacement, price, Australia launch, movies, TV shows, devices, features, and more

Max: HBO Max replacement, price, Australia launch, movies, TV shows, devices, features, and more

Here's everything you need to know about Max, Warner Bros Discovery's super streamer that's now available to subscribe to in Australia.

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