NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Thursday reported a loss of $252 million in its fourth quarter.
The New York-based company said it had a loss of 10 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $9.46 billion in the period, which met Street forecasts.
For the year, the company reported profit of $727 million, or 29 cents per share. Revenue was reported as $37.3 billion.
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