Warner Bros. Discovery Inc. said on Thursday that its total revenue for the second quarter of the year came in at $10.36 billion, higher by 5% on an actual basis regarding a similar quarter a year ago.
With a net loss available to Warner Bros. at $ 1.2 billion or $0.51 per share, the company declared a total adjusted EBITDA of $2.01 billion for the three months ended June 30. Global DTC subscribers dropped 1.8 million to 95.8 million in front of the 97.6 million subscribers at the end of ht previous quarter.
"The important work we are doing to transform our businesses for the future continues to drive our strong financial performance as demonstrated by meaningful improvements to our balance sheet and our now increased synergy target of more than $5 billion," David Zaslav, President & CEO, commented.
Warner Bros. Discovery's shares rose by 3.11% after the report's release during a premarket session at 7:14 am ET to sell for $12.96.
