Summary : Warner Bros. Discovery, which went public in April, missed Wall Street’s expectations in the second quarter as the media giant looks to work through the growing pains of its merger.
Warner Bros. Discovery, which is the $43 billion combination of Discovery and the AT&T spinoff WarnerMedia, trimmed some debt during the quarter and is trying to rein in costs. The company said that Warner Bros. started some projects before the merger that increased costs after the combination of the businesses was complete.
Warner Bros. Discovery, which went public in April, missed Wall Street’s expectations in the second quarter as the media giant looks to work through the growing pains of its merger.Warner Bros. Discovery, which is the $43 billion combination of Discovery and the AT&T spinoff WarnerMedia, trimmed some debt during the quarter and is trying to rein in costs. The company said that Warner Bros. started some projects before the merger that increased costs after the combination of the businesses was complete.
