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Warner Bros.Discovery Inc Ordinary Shares - Class A WBD Stock Quote

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Warner Bros. Discovery Reports Weak Start to New Future; Combined DTC Platform to Launch in 2023

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

In its first quarter as a combined company, Warner Bros. Discovery posted weak second-quarter results with pro forma revenue (excluding currency effects) down 1% year over year. Management laid out its streaming plans, including the launch of a single streaming platform that will combine HBO Max and Discovery+ next summer in the U.S., with a global rollout to 70 countries to follow over the next two years. However, some countries, notably the U.K., Germany, and Italy, will not receive the new platform until after 2025 due to the HBO/Sky deal.

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Company Profile WBD

Business Description

Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm’s content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, HBO Max and Discovery+.

230 Park Avenue South
New York, NY, 10003
T +1 212 548-5555
Industry Entertainment
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Classic Growth
Employees 11,000

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