Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates

Warner Bros. Discovery‘s stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue.

Here is how Warner Bros. Discovery performed:

• Loss per share: $4.07. That may not compare with the 22 cent loss expected by analysts surveyed by LSEG
• Revenue:  $9.07 billion vs. $10.071 billion expected

The company’s shares were down roughly 7% in aftermarket trading.

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