Warner Bros. Discovery Inc. shares gained slightly on Thursday after the entertainment conglomerate reported another quarterly loss, pressured by sharp declines in its traditional television business despite solid performances from its film studios and streaming units.
Warner Bros. Discovery CEO David Zaslav says the company is seriously reviewing merger offers while continuing to plan for a spinoff of its television unit next year.
Warner Bros. Discovery said it remains on track to split itself into two companies by mid-2026, and that it is continuing to evaluate a broad range of strategic alternatives for the business, including the sale of some or all of its entertainment holdings.
Three hits in three months buoyed Warner Bros. film studio as advertising tanked at media networks in a mixed third quarter that reinforces the logic of a sale or split. WBD reported consolidated revenue down 16% to $1.4 billion — missing Wall Street forecasts — and swung to a net loss of $148 million.
NEW YORK , Nov. 6, 2025 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter ended September 30, 2025.
FAA will reduce air traffic by 10% across 40 major markets due to staffing shortages from the government shutdown, impacting 3,500-4,000 flights daily. Pfizer (PFE) has matched Novo Nordisk's bid for obesity biotech Metsera (MTSR), valuing it at $10 billion, intensifying the takeover battle.
“It's not a reality yet and so there's no real need to speculate too much,” said AMC Entertainment CEO Adam Aron. But, as suitors circle Warner Bros. Discovery, he insisted the nation's largest chain is laser focused on one thing — whether a deal will mean more movies in theaters or not.
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