Warner Bros. Discovery (NASDAQ:WBD) reported its Q1 earnings results on Friday, May 5, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Warner Bros. Discovery missed estimated earnings by 4500.0%, reporting an EPS of $-0.44 versus an estimate of $0.01.
Revenue was up $7.54 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.17 which was followed by a 1.14% drop in the share price the next day.
Here’s a look at Warner Bros. Discovery’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.20 | -0.21 | -0.03 | 0.04 |
| EPS Actual | -0.37 | -0.95 | -1.05 | 0.69 |
| Revenue Estimate | 11.36B | 10.36B | 11.85B | 7.25B |
| Revenue Actual | 11.01B | 9.82B | 9.83B | 3.16B |
To track all earnings releases for Warner Bros. Discovery visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
