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entertainment media/telecom

Warner Bros. Discovery Reports Small Streaming Profit in Q1

By
Sahil Patel
· · Source: The Information

Warner Bros. Discovery’s streaming segment turned a small profit in the first quarter, excluding various expenses, and CEO David Zaslav predicted the business would be profitable for the full year, earlier than the company had expected. WBD owns HBO Max and Discovery+. The profit follows intense efforts by Zaslav, since Discovery and WarnerMedia combined last year, to cut costs and reduce...

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