Y Combinator’s Garry Tan Goes to the MatRead more

Briefing

Warner Bros. Discovery Reports Lower Revenue and Profits

By
Martin Peers
· · Source: The Information

Warner Bros. Discovery reported an 11% drop in revenues and 9% lower profits for the third quarter, as the entertainment company was affected by the weaker ad market and the stronger dollar. WBD, which owns the HBO Max streaming service, said it was bringing forward the launch of a new service that combines HBO Max and Discovery+, to the spring of 2023. CEO David Zaslav told analysts that the...

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