tiprankstipranks
Advertisement
Advertisement

Warner Bros. Discovery net loss includes $2.8B termination fee to Netflix

Net loss available to Warner Bros. Discovery (WBD). was $2.9 billion, which includes $1.3 billion of pre-tax acquisition- related amortization of intangibles, content fair value step-up, and restructuring expenses. Additionally net loss available to Warner Bros. Discovery, Inc. includes the $2.8 billion termination fee paid to Netflix (NFLX).

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1