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00:02Warner Brothers Discovery reported quarterly revenue of nearly $9.5 billion,
00:07in line with LSEG estimates, as revenue fell 6% amid declines in its traditional TV and film
00:14businesses, according to Reuters. Streaming revenue rose 5% to nearly $2.8 billion,
00:19while adjusted earnings fell 4% to $393 million due to the end of a distribution deal.
00:26The company added 3.5 million streaming subscribers, bringing the total to 131.6 million.
00:33Studio adjusted income dropped 23% to $728 million. Television network revenue fell 12%
00:41to $4.2 billion, and adjusted income declined 27% to $1.4 billion. The board continues to evaluate
00:49a revised Paramount Skydance offer that could challenge its pending Netflix deal.
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