NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Wednesday reported a loss of $2.92 billion in its first quarter.
The New York-based company said it had a loss of $1.17 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $8.89 billion in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $8.93 billion.
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