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Benzinga
Benzinga
Business
Anusuya Lahiri

Warner Bros. Stock Slides After Profit Miss, Cable Ad Sales Tumble

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Warner Bros. Discovery Inc (NASDAQ: WBD) stock slid after it reported fiscal third-quarter results on Thursday.

The entertainment company reported quarterly revenue of $9.045 billion, down 6% year-on-year (Y/Y) ex-FX, missing the analyst consensus estimate of $9.150 billion. 

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