If ‘Game of Thrones’ Can’t Save WarnerMedia’s Bottom Line, What Can?

IndieWire | 4/24/2019 | Staff
Click For Photo: https://www.indiewire.com/wp-content/uploads/2019/04/Game-of-Thrones-E2_05.jpg

We’re still waiting to find out if Daenerys’ dragons and Westeros’ armies can save the day on “Game of Thrones,” but one thing they may not be able to save is AT&T’s stock price. The new parent company of HBO announced its quarterly earnings report Wednesday, and investors learned that the company failed to reach analysts’ estimates for quarterly revenue.

The report on the company’s first-quarter results included the news that WarnerMedia’s operating revenues for Q1 2019 came in at $8.38 billion, with $1.3 billion of that coming in from HBO subscriptions, touted by AT&T as an indicator of growth for its digital subscription service. However, the overall revenue number was still below the $8.45 billion Wall Street expected, leading to an almost 5% drop in AT&T stock by mid-day.

Factor - AT - T - Inability - Investors

One factor in AT&T’s inability to win over investors might be the fact that there are indications that once “Thrones” stops...
(Excerpt) Read more at: IndieWire
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