Warner Bros jumped 18.03% to 9.69 dollars, at the same time taking over the leadership of the S&P 500 index. During its publication counting for the third quarter, the American group returned to profit : 5 cents per diluted share over the period compared to a loss of 17 cents a year earlier and an expected loss of 7 cents. Its adjusted Ebitda came out “in line” at $2.41 billion
The American firm, however, missed Wall Street’s estimates for its third-quarter turnover: $9.62 billion against a consensus of $9.80 billion.
Advertising revenues were $1.68 billion versus the consensus of $1.73 billion.
Free cash flow stood at $632 million versus the market consensus of $669 million.
After the election of Donald Trump, observers say, we should expect more “deals” in sectors such as defense, energy and manufacturing but also in the field of media and technology .
“We have a new administration coming. It’s too early to tell, but it’s possible that it will offer a pace of change and opportunity for consolidation that could be very different, which would have a real and positive impact. accelerated in this sector which needs it”, underlines the CEO of Warner Bros Discovery, David Zaslav, as reported The Hollywood Reporter.
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