Warner Bros. Discovery says Hollywood strikes will cause up to $500M hit to 2023 earnings ...Middle East

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Warner Bros. Discovery (WBD) estimated the ongoing writers and actors strikes will cost between $300 million to $500 million from lost 2023 earnings as TV and film productions remain halted, according to a new securities filing. Warner Bros. Discovery said it is expecting its adjusted earnings before interest, taxes, depreciation and amortization to take a hit of $300 million to $500 million, for full-year earnings of $10.5 billion to $11 billion. The projected hit is “predominantly due to the impact of the strikes,” the company wrote Tuesday in a filing with the U.S. Securities and Exchange Commission. While maintaining its financial disclosures are not a prediction of when the

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Warner Bros. Discovery says Hollywood strikes will cause up to $500M hit to 2023 earnings ...Middle East

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