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FILE PHOTO: The Warner Bros logo is seen during the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric Gaillard/File Photo
08 Aug 2024 04:07AM
(Updated: 08 Aug 2024 04:09AM)
:Warner Bros Discovery missed Wall Street expectations for quarterly revenue on Wednesday, hurt by a studio slump after its highly anticipated film “Furiosa: A Mad Max Saga” had a weak box-office run.
Shares of the company fell 8 per cent in trading after the bell.
The media giant reported revenue of $9.71 billion in the second quarter on Wednesday, compared to analysts’ estimate of $10.07 billion, according to LSEG data.
Source: Reuters
