Warner Bros Discovery misses estimates for quarterly revenue
) missed Wall Street estimates for first-quarter revenue on Thursday, weighed down by a weak advertising market and strike-related delays at its studio segment.Subdued advertising trends in the U.S. and certain international markets amid concerns over higher-for-longer interest rate environment have posed challenges for Warner Bros Discovery at its Networks segment.
Studio revenue was impacted by underperformance of the game "Suicide Squad: Kill the Justice League" released this quarter, compared to "Hogwarts Legacy" released a year before, which became the top game of the year.
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