Business · 6 August 2026
Warner Bros misses revenue targets following poor film and television advertising sales
Photo by Silas Lundquist on Unsplash
The entertainment giant brought in $8.72 billion during the second quarter, which fell short of the $9.29 billion analysts predicted. Executives blamed a steep drop in cinema ticket sales for recent releases, alongside losing television viewers to the FIFA World Cup. Despite the lower income, the business still posted a surprise profit because its streaming service grew and sports broadcasting costs fell.
Reported by Reuters · How we write briefs