Warner Bros. Discovery reports earnings after the bell.
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Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
Headline from NBC 6 South Florida ·
Newest
Warner Bros. Discovery Stock Tumbles as Cord-Cutting Fuels $10B Quarterly Loss
Warner Bros. Discovery shares dropped near all-time lows after it announced a $11.2 billion charge, including $9.1 billion write-down on its TV networks.
Warner Bros. Discovery shares plunged Thursday after the entertainment company recorded an almost $10 billion second-quarter loss, hit by a write-down in the value of its cable networks.
Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.Almost