Heard on the Street: Warner Bros. is focusing on debt reduction amid advertising and streaming weakness—and it has a brighter year ahead
Warner Bros. Discovery at least knows who its fans are—and how to play to them.didn’t have a great fourth quarter
. Results for the period reported late Thursday showed sharp declines in revenue from both advertising and content. That brought overall revenue for the period down 11% year over year to $11 billion, which also fell short of Wall Street’s estimates. The company saw little action in theaters during the quarter
“Black Adam,” which lagged behind expectations. And it didn’t exactly warm up the crowd at home either, adding only 1.1 million subscribers to its digital streaming services that include HBO Max.
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