NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Thursday reported a loss of $966 million in its first quarter.
The New York-based company said it had a loss of 40 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $9.96 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $10.29 billion.
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