Future Tech

Warner Bros Discovery misses quarterly revenue estimates

Tan KW
Publish date: Thu, 08 Aug 2024, 08:47 AM
Tan KW
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Future Tech

 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% 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.

 


  - Reuters

 

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