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Benzinga
Benzinga
Entertainment
Chris Katje

House of the 'House of the Dragon' Is On Fire: Why Is Warner Bros. Discovery Stock Tanking?

Since being spun off from AT&T Inc. (NYSE:T), media company Warner Bros. Discovery (NASDAQ:WBD) has seen shares fall. An earnings report and a new strategy shift are sending shares down further Friday. Here’s what happened and what could be in store for Warner Bros. Discovery.

What Happened: Second quarter revenue of $9.83 billion from Warner Bros. Discovery missed a Street estimate of $11.85 billion, according to data from Benzinga Pro.

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