New York-based Warner Bros. Discovery, Inc. (WBD) operates as a media and entertainment company worldwide. Valued at $29.5 billion by market cap, the company operates through Studios, Network, and DTC segments. The media giant is expected to release its Q2 results before the markets open on Thursday, Aug. 7.
Ahead of the event, analysts expect WBD to report a loss of $0.15 per share, notably down from the loss of $4.07 per share reported in the year-ago quarter. While the company has surpassed the Street’s bottom-line projections once over the past four quarters, it has missed the estimates on three other occasions.
