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Warner Bros. explores Q4 revenue and adjusted EBITDA both declining year-over-year but exceeding expectations
Warner Bros. Discovery announced that its adjusted fourth-quarter core EBITDA was $2.22 billion, down 19% year-over-year but above analysts’ expectations of $2.11 billion; revenue was $9.46 billion, down 5.7% year-over-year, also exceeding expectations. Warner Bros. Discovery is currently becoming a target in the ongoing acquisition battle between Paramount’s Sky and Netflix. The company stated in its letter to shareholders that it will not answer any questions regarding this matter during the post-earnings conference call with investors.