Warner Bros Discovery (WBD) 4Q22
Warner Bros. Discovery on Thursday posted a large loss and recorded about $11.1 billion in fourth quarter revenue, missing analysts' estimates, as the media industry contends with a soft advertising market. The company's TV networks segment – which includes cable-TV channels like TNT, TBS and Discovery – decreased 6% to roughly $5.5 billion, as advertising revenue took a drop in particular.Here's what the company reported, vs. what analysts' estimates, according to Refinitiv:Revenue: $11.01 billion vs. $11.36 billion…