Warner Bros. Discovery Q4 Loss Widens; Results Miss Estimates

(RTTNews) - Warner Bros. Discovery, Inc. (WBD) reported Thursday a net loss attributable to the company for the fourth quarter of $494 million or $0.20 per share, wider than net loss of $400 million or $0.16 per share in the prior-year quarter.

On average, 13 analysts polled expected the company to report earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter decreased 2 percent to $10.03 billion from $10.28 billion in the same quarter last year. Analysts expected revenues of 10.16 billion for the quarter.

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