Warner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million
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Hollywood strike stings Warner Bros., profit outlook for year trimmed by $500 millionWarner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million
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Hollywood strike stings Warner Bros., profit outlook for year trimmed by $500 millionWarner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million
Read more »
Warner Bros. Discovery lowers full-year profit outlook due to Hollywood strikesWarner Bros. Discovery lowered its full-year profit outlook amid the ongoing double strike in Hollywood.
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Hollywood strike stings Warner Bros., profit outlook for the year trimmed by as much as $500 millionWarner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million tied to the ongoing Hollywood writers' and actors' strike. The U.S. film and television industries remain paralyzed by the dual strikes. The writers strike began in May and the actors joined them on July 14. Warner Bros. Discovery owns HBO and Max, CNN, TNT and a host of other entertainment outlets, including DC Comics. The company said in a regulatory filing that it
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Warner Bros Discovery expects lower core profit due to impact from strikesThe company now expects adjusted earnings for the full year to be in the range of $10.5 billion to $11 billion. It had previously expected adjusted earnings to be towards the low end of $11 billion to $11.5 billion. Warner Bros Discovery had previously provided financial guidance for 2023 expecting the strikes to be resolved by early September.
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