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Benzinga
Benzinga
Business
Anusuya Lahiri

Warner Bros. Discovery Hits Profit Turnaround, Thanks To Theaters, Not TV

Warner Bros WBD
Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) stock gave up its gains after it reported fiscal second-quarter results on Thursday. The company reported a quarterly revenue of $9.81 billion, flat year-on-year (Y/Y) ex-FX growth, missing the analyst consensus estimate of $9.72 billion. 

The earnings per share (EPS) of 63 cents topped the analyst consensus estimate of 22-cent loss.

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