Tag: Linear

Warner Bros. Discovery misses earnings estimates amid greater linear TV struggles

Warner Bros. Discovery (WBD) reported first quarter earnings before the bell on Thursday that missed expectations on both the top and bottom lines as free cash flow jumped amid aggressive cost cutting while the company’s linear TV business continued to decline. Revenue came in at $9.96 billion, missing Bloomberg consensus expectations of $10.27 billion — […]

Investors eye NBA updates amid linear TV turmoil

Warner Bros. Discovery (WBD) will report first quarter earnings before the bell on Thursday as the media giant works to pare its debt amid a declining linear TV business and an unfavorable ad market. Investors will also closely be watching for any updates on NBA media rights after a Wall Street Journal report said the company […]