Warner Bros. Discovery Sees Content Revenue Drop 27% to $1.9 Billion in First Quarter on Lower Box Office, Home Entertainment

Despite posting a narrowed quarterly loss, Warner Bros. Discovery missed Wall Street expectations for its first quarter of 2025 on Thursday as revenue tumbled 10% to $9 billion. Revenue was dragged down by 27% decline in content revenue, primarily driven by lower box office and home entertainment revenues due to strong performance from theatrical releases in the prior year and carryover from releases in the fourth quarter of 2023, as well as no games released in the latest quarter. It was also weighed down by an 8% decline in advertising revenue as as ad-lite subscriber growth was more than . . .