Warner Bros. Discovery: Q1 Earnings Insights

Warner Bros. Discovery WBD reported its Q1 earnings results on Friday, May 5, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Warner Bros. Discovery missed estimated earnings by 4500.0%, reporting an EPS of $-0.44 versus an estimate of $0.01.

Revenue was up $7.54 billion from the same period last year.

Last quarter the company missed on EPS by $0.17 which was followed by a 1.14% drop in the share price the next day.

Here's a look at Warner Bros. Discovery's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.20	-0.21	-0.03	0.04
EPS Actual	-0.37	-0.95	-1.05	0.69
Revenue Estimate	11.36B	10.36B	11.85B	7.25B
Revenue Actual	11.01B	9.82B	9.83B	3.16B

To track all earnings releases for Warner Bros. Discovery visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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