WASHINGTON (dpa-AFX) - Warner Bros. Discovery, Inc. posted a first quarter net loss to Warner Bros. of $453 million compared to a loss of $966 million, last year. Loss per share narrowed to $0.18 from a loss of $0.40. The company noted that the net loss included $1.6 billion of pre-tax acquisition-related amortization of intangibles, content fair value step-up, and restructuring expenses. Analysts on average expected the company to report a loss per share of $0.13, for the quarter. Analysts' estimates typically exclude special items. Total adjusted EBITDA was $2.1 billion, a 4% ex-FX increase compared to the prior year quarter, primarily due to growth in the Streaming and Studios segments.
Total revenues declined to $8.98 billion from $9.96 billion, previous year. The company ended the quarter with 122.3 million streaming subscribers, an increase of 5.3 million subscribers from fourth quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
