Warner Bros: net loss down in 1st quarter
The media and entertainment group saw its revenues contract by 7% to 9.96 billion, with its streaming division stagnating, and declines of 8% and 12% respectively for its networks and studios divisions.
Importantly, we once again generated strong free cash flow ($390 million, versus -930 million a year earlier), even at this time of year, which is usually weak in this respect", emphasizes CEO David Zaslav.
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