Warner Bros Discovery Inc reports results for the quarter ended March 31 - Earnings Summary

• Warner Bros Discovery Inc WBD.OQ reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -40 cents. The mean expectation of twenty one analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -37 cents to 11 cents per share.

• Revenue fell 9.8% to $8.98 billion from a year ago; analysts expected $9.60 billion.

• Warner Bros Discovery Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $453 million.

• Warner Bros Discovery Inc shares had fallen by 20.2% this quarter and lost 19.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is also "buy"

• Wall Street's median 12-month price target for Warner Bros Discovery Inc is $13.00

This summary was machine generated from LSEG data May 8 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)