Warner Bros. Discovery Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

[email protected] (Simply Wall St)
1 min read

In This Article:

Warner Bros. Discovery (NASDAQ:WBD) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$9.62b (down 3.6% from 3Q 2023).

  • Net income: US$135.0m (up from US$417.0m loss in 3Q 2023).

  • Profit margin: 1.4% (up from net loss in 3Q 2023).

  • EPS: US$0.055 (up from US$0.17 loss in 3Q 2023).

earnings-and-revenue-growth
NasdaqGS:WBD Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warner Bros. Discovery EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Warner Bros. Discovery that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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