Warner Bros. Discovery Q4 revenue and adjusted EBITDA both declined year-on-year but exceeded expectations

Gelonghui, February 26th | Warner Bros. Discovery announced that its adjusted core EBITDA for the fourth quarter was $2.22 billions, down 19% year-on-year, but higher than analysts’ expectations of $2.11 billions; revenue was $9.46 billions, down 5.7% year-on-year, also exceeding expectations. Warner Bros. Discovery is currently becoming the target of an ongoing acquisition battle between Paramount and Netflix. In a letter to shareholders, the company stated that it would not answer any questions regarding this matter during the post-earnings investor call.