Warner Bros. stock is collapsing after reporting a net loss of $417 million this quarter. Their CEO commented that the media industry is experiencing, “generational disruption.”
Warner Bros. stock is collapsing after reporting a net loss of $417 million this quarter.
Their CEO commented that the media industry is experiencing, “generational disruption.”$WBD -15.5% pic.twitter.com/dJoNgREeSM
— Stocktwits (@Stocktwits) November 8, 2023
by cybershocker455
10 Comments
i would not buy any media company stocks
In a perfect world, this would mean no more Zaslav, but that cockroach is going to survive this.
Who’s having a worse year: Disney or WB?
Don’t worry, they have the latest DC reboot on the way. Audiences are really into the connected universe superhero stuff right now.
No shit you’re like a fucking 70 year old king of trash tv trying to steer what many young people believed to be some of the best television and movie studios working today
Stock is pretty much where it was a little over a week ago and fell due to bad guidance of ad revenue from cable. Which I imagine is one of the harder things for them to control. I know we hate Zaslav but perspective is important.
WB also recently announced they want to get into the flailing live service video game market too
WBD had positive EBIDTA in every single segment this quarter – they have a sustainable earnings to cost ratio.
The issue is the debt. It’s turning an otherwise healthy (healthier than Disney IMO) business into a black hole of interest that will take years to recover from.
Again, as much as I don’t like some kind of TV… Zaslav, in my opinion, has made different good decisions. The bad management seems more the one before Zaslav. They left him with DC in chaos, wizarding world same and so on. Zaslav seems much more focused to me
A. You had the power to end these strikes months ago by giving the writers and actors a fair deal. The “disruption” is on you.
B. I get content shortage, but Netflix and Disney gained subscribers amid the strikes. You lost 700,000 subscribers. Maybe that’s because you went on a cancellation purge and filled Max with crap from TLC.