Warner Bros. Discoverys linear networks continued to lose ground amid ongoing challenges, weighing on the fourth quarter.
Revenue eased 1% to $10 billion, shy of Wall Street forecasts.
The TV studio and library continued to shine.
Warner Bros. Discovery CEO David ZaslavJamie McCarthy/Getty Images
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Warner Bros. Distribution revenue eased 5%.
Revenue from content jumped.
In recent months, WBD has secured renewals with rate increases with five of its biggest six distribution partners.
Theatrical revenue decreased 9% on fewer releases.
The bugaboo of Games saw revenue plunge 29%.
That business is currently being restructured.
Ad revenue rose 27%.
Content revenue decreased 40% due to fewer third-party licensing deals.
