Cheddar: Warner Bros. Discovery Expected to Slash Jobs, Restructure HBO Max as Earnings Loom
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Warner Bros-Discovery is set to announce Q2 results after the market close on Thursday. This is the streaming conglomerates' first quarterly earnings since the $43 billion merger with discovery. Analysts expect Warner Bros-Discovery to post revenue of $11.8 billion and per-share earnings of 1 cent. However, there is concern over the company's future following reports saying the company will lay off 70% of its Development business. Christine Short, VP of Research at Wall Street Horizon, breaks down what to expect from Warner Bros-Discovery earnings and whether the company can effectively improve profitability and reallocate costs.