WBD Ad Revenue Down 7% In Q4, 8.5% Lower Vs. Last Half Of 2023: Analyst

Although the ad market seems to be improving, Warner Bros. Discovery, like many legacy TV networks, may still be in for a rough fourth-quarter period with regard to TV/video advertising revenue.

Guggenheim Securities is estimating a 6.8% drop in revenue for the fourth quarter -- which follows a 10.4% decline …

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