Warner Bros. Discovery Second Quarter 2024 Earnings: Misses Expectations

Warner Bros. Discovery (NASDAQ:WBD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$9.71b (down 6.2% from 2Q 2023).
• Net loss: US$9.99b (loss widened by US$8.75b from 2Q 2023).
• US$4.07 loss per share (further deteriorated from US$0.51 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warner Bros. Discovery Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 16% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Warner Bros. Discovery's balance sheet.

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