Warner Bros. Discovery, Inc. (NASDAQ:WBD) faced a tumble in stock value following the release of its Q4 earnings report, which showed a 7% revenue decline year-on-year. Despite a 3% increase in direct-to-consumer revenue, total subscribers dropped to 52 million. The company outlined a growth plan for 2024, emphasizing global expansion and a strengthened creative pipeline. CEO David Zaslav expressed confidence in achieving operational goals and enhancing shareholder value. WBD shares fell by 8.79% in premarket trading to $8.72.
Warner Bros. Discovery Reports Revenue Rise, DTC Subscribers Drop to 52M: 2024 Growth Plan Outlined, US
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