Latest news with #DiscoveryInc
Bloomberg
20-05-2025
- Business
- Bloomberg
Warner Bros. Discovery Downgraded to Junk by S&P
The media and entertainment company Warner Bros. Discovery Inc was downgraded to below investment grade by S&P Global Ratings, according to a report on Tuesday. The issuer credit rating was lowered to BB+, one notch below investment-grade's lowest rung of BBB-. The downgrade to junk status was largely the result of continued revenue and cash flow declines at its linear television business, S&P said. The ratings agency expects leverage to rise to 4.3 times at the end of 2025, significantly higher than 3.5 times leverage threshold for investment-grade ratings. A cut to junk level can dramatically boost a company's borrowing costs.
Bloomberg
08-05-2025
- Business
- Bloomberg
Warner Bros. Revenue Misses Estimates Amid Studio Challenges
Warner Bros. Discovery Inc., the parent of HBO and CNN, reported first-quarter results that fell below analysts' expectations even as the media company added 5.3 million new streaming customers. The New York-based company reported revenue of $8.98 billion, missing Wall Street's estimates of $9.61 billion. The adjusted loss per share totaled 18 cents a share, missing analysts' expectations of a loss of 11 cents.
Bloomberg
02-05-2025
- Business
- Bloomberg
Warner Bros. Keeps Polish Unit TVN After Strategic Review
Warner Bros. Discovery Inc. decided to keep control over its Polish unit after ending a strategic review which included options to sell TVN SA. The fate of TVN's 24 television channels, including one of the country's most-watched news networks, has become a political hot-potato in the nation bordering war-torn Ukraine. Tensions over the potential sale escalated further ahead of Poland's presidential election, which will be held next month, with a probable run-off set for June.
