Warner Bros. Discovery's Barbie Record-Breaking Run Doesn't Cheer Investors, Stock Tanks After Q3 Report
Portfolio Pulse from Anusuya Lahiri
Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q3 FY23 revenue growth of 1% to $9.98 billion, missing the consensus of $10.00 billion. The company's EPS loss of $(0.17) also missed the consensus loss of $(0.06). Despite the record-breaking performance of Barbie, the company's stock fell by 15.60% after the report. The company's total DTC subscribers decreased by 0.7 million to 95.1 million at the end of Q3.
November 08, 2023 | 3:39 pm
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Warner Bros. Discovery's Q3 FY23 revenue and EPS missed consensus, leading to a 15.60% drop in stock price. Despite the record-breaking performance of Barbie, the company's total DTC subscribers decreased by 0.7 million to 95.1 million at the end of Q3.
Warner Bros. Discovery's Q3 FY23 revenue and EPS missed consensus, which is a negative signal for investors. This led to a significant drop in the company's stock price. Despite the record-breaking performance of Barbie, the company's total DTC subscribers decreased, which could be another factor contributing to the negative investor sentiment.
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