Warner Bros. Discovery stock sinks 15% as ad revenue falls, Zaslav warns of 'generational disruption'

Warner Bros. Discovery reported third quarter earnings before the bell Wednesday.

The company posted a decline in ad revenue.shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers.

Warner Bros. Discovery warned of a number of obstacles heading into 2024, including sluggish ad revenue and ongoing impacts from the actors' strike.

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