Even “Barbie” can solely glam up her maker a lot lately.
Warner Bros. Discovery acquired a lift from the yr’s greatest box-office hit through the third quarter. Its studio income grew 4% yr over yr, which is its first such achieve in additional than a yr. However that was offset by continued weak point in promoting, which fell 12% yr over yr to simply underneath $1.8 billion—a document low for the mixed firm’s working reporting outcomes that return to the start of 2021. Warner additionally misplaced about 1.4 million home subscribers to its streaming providers that included the not too long ago rebranded Max; analysts had been anticipating a drop of solely about 200,000 subscribers.
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