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Warner Bros. Discovery registers $3.4bn Q2 loss, predicts ‘experimentation’ in BT joint venture

David Zaslav, Warner Bros. Discovery chief executive. (Photo by Amanda Edwards/Getty Images for Discovery, Inc).

Media group Warner Bros. Discovery has announced a Q2 net loss of $3.4bn (£2.8bn/€3.3bn) in the first set of combined financial results since the $43bn merger between telco AT&T’s WarnerMedia and cable player Discovery.

The media giant, parent company to Turner Sports and Eurosport alongside entertainment brands like Warner Bros Pictures, HBO, CNN and Discovery, announced pro-forma revenue of $9.8bn for the quarter ending June 30. The company said this represented a 1 per-cent decrease compared to Q1.

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