Investing.com -- Warner Bros. Discovery (NASDAQ:WBD) reported fourth-quarter earnings and revenue that fell short of analyst expectations.
The company's shares traded flat in premarket trading Thursday as of 12:19 GMT.
The media and entertainment giant posted a quarterly net loss per share of $0.20, missing the consensus projection of breakeven.
The company's total revenue during the period stood at $10.02 billion, also below the $10.24 billion projected by analysts.
By segment, Studios revenue stood at $3.66 billion, while Networks revenue was reported at $4.77 billion. Revenue from advertising totaled $1.83 billion, the report shows.
Adjusted EBITDA for the quarter was $2.72 billion, slightly above the $2.65 billion estimate.
Free cash flow totaled $2.43 billion.
This content was originally published on Investing.com
