Warner Bros. Discovery (NASDAQ:WBD) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$9.98b (up 1.6% from 3Q 2022).
• Net loss: US$417.0m (loss narrowed by 82% from 3Q 2022).
• US$0.17 loss per share (improved from US$0.95 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warner Bros. Discovery EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 15% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Warner Bros. Discovery's balance sheet.

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