Warner Bros. Discovery misses earnings estimates amid greater linear TV struggles

Warner Bros. Discovery reported lower-than-expected Q1 earnings, with revenues dropping to $9.96 billion against the expected $10.27 billion. The company's linear TV and studio segments struggled, although free cash flow and direct-to-consumer streaming showed improvement. Despite these challenges, the company is exploring new partnerships and streaming bundles, while also focusing on cost reductions and potential mergers or acquisitions post-merger lockup period.