NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Thursday reported a loss of $148 million in its third quarter.
The New York-based company said it had a loss of 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $9.05 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $9.18 billion.
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