Warner Bros. Discovery Swings to Q3 Loss, With ‘Superman’ Box Office Offset by Ad Declines
HBO
Warner Bros. Discovery has been telling investors it wants to split the company in two — and just produced some evidence that such a deal is necessary. The owner of CNN, HBO and the Warner Bros. studio said it swung to a loss of $148 million in the third quarter, as a box-office boost spurred by films like the latest “Superman” were offset by declines in its traditional TV business, which suffered from comparisons to the year-earlier quarter when the company enjoyed rights to broadcast the 2024
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