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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
Warner Bros. Discovery stock rose nearly 12% on Thursday after the company reported strong streaming results in the third quarter, including its largest-ever quarterly subscriber growth since the ...
Warner Bros. Discovery has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media.
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
Warner Bros. Discovery, parent of HBO, streaming service Max, Warner Bros. Pictures and cable nets including CNN, TNT and TBS, saw its stock get a lift last week after announcing it would ...
A day after unveiling its quarterly earnings, Warner Bros. Discovery shares were falling sharply in Friday trading as investors and analysts debated the Hollywood giant’s outlook for its ...
Warner Bros. Discovery stock fell more than 2% in midday trading on Monday after Wells Fargo downgraded the stock from Overweight to Equal Weight, citing a "risky earnings setup" to kick off the year.
Q3 revenue in Warner Bros. Discovery’s direct-to-consumer streaming segment rose 9% to $2.6 billion, and adjusted earnings came in at $289 million, a $178 million increase from the year-prior ...
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