WARNER BROS 3Q RESULTS
Economic result
Revenue increased 2% year-over-year to $9.979 billion. At constant exchange rates, revenue grew 1%.
Total operating expenses decreased year-on-year to USD 9.88 billion from USD 12.013 billion. The largest year-on-year decrease in operating expenses was recorded in the restructuring item, from USD 1.52 billion to USD 0.269 billion.
In 3Q 2022, the company recorded an operating loss of USD 2.19bn. This quarter, the company recorded an operating profit of $97 million. USD. Adjusted EBITDA operating profit was USD 2.97 billion at the end of the quarter. The market was forecasting USD 2.89 billion.
$11.47
$0.65
+6.01%
1 Day
+6.01%
5 Days
-14.81%
1 Month
-24.76%
6 Months
-26.54%
1 Year
-14.14%
YTD
+14.12%
5 Years
-61.05%
Max.
-34.02%
Open $11.00
Day range $11.00 - $11.68
52 week range $8.82 - $16.34
I don't know how to feel about this. The results are bad, but again, where there was a discount to the stock. But I don't buy and stick to DIS stock instead.
For me personally, that's a discount I'll take advantage of.
Great, I'm thinking about it, but I'm still not entirely clear.
Shit company.
I wouldn't put it that way directly, but it's clear that we all have different preferences.
Quality management that will make it a good company.
No doubt it is.
Interesting that even though WB is such a "shit" they somehow managed to survive 100 years;)
So I'm gonna buy more... 😁
I wouldn't worry about it at all :D
Aren't those operating costs currently heavily influenced by the Hollywood strike?;)
It also did its part, but there were SG&A costs associated with new releases (Barbie, etc.).
Exactly!:)