Warner Bros Discovery is heading towards a possible division, CNBC reported on Thursday, as media companies explore options for their businesses in cable TV difficulties and sharpen their concentration on their fastest growing and studios.
Company shares increased more than 4% in the news, returning from previous losses of nearly 6% caused by a dense quarterly report.
Warner Bros Discovery lost the first trimester revenue estimates and posted a greater loss than expected in the day due to a slow cashier performance and the constant collapse of cables.
She did not respond immediately to a Reuters request for commentary on the CNBC report, which mentioned unnamed sources.
WBD laid the groundwork for a sale or potential spinoff of his assets on cable TV in December by announcing a separation from its transmitting and studio operations.
She reported results under the new structure for the first time on Thursday.
A compartment would approximate the WBD with Comcast, which is rotating nbcuniversal cable TV networks, including MSNBC and CNBC, to position itself for growth in the transmission age.
Analysts have long speculated on a division of WBD, whose assets include CNN, HBO and coveted studio Warner Bros.
US Bank’s research analyst Jessica Reif Ehrlich said last year that WBD cable television assets are a “very logical partner” for the new spin-off company of Comcast.
Like others in the media business, Warner Bros Discovery is losing thousands of cable TV subscribers every year, pressuring the company to constantly produce hit content and increase the benefit in its broadcasting business.
The threat of US tariffs in foreign films has also increased the headaches of an industry, whose biggest films are often produced on several continents.
Tag
In the January-March quarter, the WBD tried to repeat the success of last year “Dune: the second part”, which earned more than $ 700 million.
Marquee’s release of the company for this period, Bong Joon Ho’s Sci-Fi “Mickey 17”, won just a little more than its crate-reported budget.
This meant that studios revenue fell 18% to $ 2.31 billion, losing estimates of $ 2.73 billion, according to visible Alpha.
However, the company has made a strong start in the second trimester with Ryan Coogler’s horror film “Sinners” and blocker “A Minecraft Film”, which has reconciled about $ 900 million globally, making it the largest omission of 2025 so far.
Its summer lining also looks strong with “Supermen”, directed by Marvel’s tall creator James Gunn, located in July.
Income in the TV network segment, which includes CNN, Discovery Channel and Animal Planet, fell 7% in quarter.
In general, revenues dropped 10% to $ 8.98 billion, the average estimate of lost analysts of $ 9.60 billion, according to data compiled by LSEG.
The 18 cent loss per action was also greater than the expectations for a loss of 13 cents.
However, her broadcasting business was a bright place.
The WBD added 5.3 million quarterly transmission subscribers, compared to 3.1 million assessed by analysts, according to visible Alpha, receiving its total at 122.3 million.
The quarter presented several tiles of strong content, including the third season of “The White Lotus” and the series of medical drama “The Pitt”.
#Shares #Warner #Bros #Discovery #climb #CNN #parent #weighs #partition #company #report
Image Source : nypost.com