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Alfred Gray
@alfredgray · Nov 8

WARNER BROS 3Q RESULTS

Economic result

Revenue increased 2% year-over-year to $9.979 billion. At constant exchange rates, revenue grew 1%.

Total operating expenses decreased year-on-year to USD 9.88 billion from USD 12.013 billion. The largest year-on-year decrease in operating expenses was recorded in the restructuring item, from USD 1.52 billion to USD 0.269 billion.

In 3Q 2022, the company recorded an operating loss of USD 2.19bn. This quarter, the company recorded an operating profit of $97 million. USD. Adjusted EBITDA operating profit was USD 2.97 billion at the end of the quarter. The market was forecasting USD 2.89 billion.

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Bill Combs @billcombs Nov 9

I don't know how to feel about this. The results are bad, but again, where there was a discount to the stock. But I don't buy and stick to DIS stock instead.

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Alfred Gray @alfredgray Nov 10

For me personally, that's a discount I'll take advantage of.

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Brock Wortham @brockwortham Nov 9

Shit company.

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Alfred Gray @alfredgray Nov 9

I wouldn't put it that way directly, but it's clear that we all have different preferences.

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Rickie Reeve @rickiereeve Nov 9

So I'm gonna buy more... 😁

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Alfred Gray @alfredgray Nov 9

I wouldn't worry about it at all :D

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Yorick Ericson @yorickericson Nov 8

Aren't those operating costs currently heavily influenced by the Hollywood strike?;)

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Rickie Reeve @rickiereeve Nov 9

It also did its part, but there were SG&A costs associated with new releases (Barbie, etc.).