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Warner Bros. Discovery expects the Hollywood strikes to take a big chunk out of its earnings. - The Verge (www.theverge.com)

submitted 2 years ago by realcaseyrollins@kbin.projectsegfau.lt to c/Finance@narwhal.city

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In an 8-K filing with the SEC, Warner Bros. Discovery says it’s lowering its earnings expectations by about $300 to $500 million amidst the writers and actors strike. The company now anticipates earning anywhere from $10.5 to $11 billion for 2023: