What To Expect From Warner Bros. Discovery During This Q2 - Warner Bros. Discovery (NASDAQ:WBD)

Warner Bros. Discovery, Inc WBD will likely share the new streaming strategy for the merged company when it reports second-quarter earnings, Reuters reports.
Analysts expect WBD to report second-quarter revenue of $11.84 billion and EPS of $0.01.
WBD will likely provide additional details about its plans to bring together the HBO Max service's collection of dramas, comedies, and movies with the reality programs of Discovery+.
Also Read: Warner Bros. Discovery's Restructuring Attempts Differ From Its Peers Like Netflix, Disney - Read How
WBD internally debated the pricing and the name of the new streaming service.
WBD also explored free, ad-supported services that would exist alongside its subscription service.
WBD discussed a service built on Warner Bros' library of classic movies.
Overlapping areas like the unscripted television unit behind such HBO Max reality shows as "FBoy Island" and "The Hype" will likely be eliminated, given Discovery's strength in the television genre.
Layoffs are also likely in the coming months to cut costs. Previously reports surfaced WBD is looking to downsize up to 30% or nearly 1,000 jobs in its global advertising sales team.
WBD pivoted away from expensive, direct-to-streaming movies like "Batgirl," a $90 million movie based on the DC Comics character.
WBD scrutinized a $250 million agreement to become the exclusive home of filmmaker J.J. Abrams and his production company, Bad Robot.
WBD ditched "Demimonde," a science fiction series for HBO with an estimated $200 million budget.
Price Action: WBD shares traded higher by 2.51% at $17.13 on the last check Thursday.

Market News and Data brought to you by Benzinga APIs