(It mostly recovered within about an hour of close, after the company announced new “Lord of the Rings” movies.) Shares in WBD, which closed Thursday’s regular-trading day at $15.73 apiece, declined as much as 5 percent in immediate after-hours trading. The company didn’t make either benchmark, reporting a loss of 86 cents per share on $11.008 billion in revenue. Discovery in the fourth quarter, on revenue of $11.36 billion. Wall Street forecast a 20-cent loss on a per-share basis for Warner Bros.

Discovery added 1.1 million direct-to-consumer subs, and the combination of linear HBO and streaming services HBO Max and Discovery+ now adds up to 96.1 million. Accounting, you know?įrom October to December, Warner Bros. In the fourth quarter, for example, the net loss included $1.85 billion in amortized merger costs and almost $1.2 billion in related restructuring expenses.

These whopping numbers are mostly due to the ongoing recognition of costs from the April combination of WarnerMedia and Discovery, Inc.

(The previous quarter, WBD lost $2.3 billion in the one before that, the first in the new company’s existence, it lost $3.4 billion. Discovery recorded a loss of $2.1 billion in the final quarter of 2022.

Warner bros movies 2022