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Discovery Projects WarnerMedia Profit Slump Through 2028

By
Martin Peers
· · Source: The Information

Discovery Inc. isn’t expecting WarnerMedia’s profits to recover to their pre-Covid level until 2028, Discovery revealed in a securities filing late last week. That is a noticeably less optimistic outlook than what AT&T expects, the same filing shows. WarnerMedia’s earnings before interest, taxes, depreciation and amortization, and excluding stock compensation for employees, fell 22% in...

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