Illustration by Alex Castro / The Verge
Warner Bros. Discovery CEO David Zaslav touted the success of the company’s turbulent megamerger during the company’s earnings call on Thursday, with repeated assurances that things are “working” — even though the company axed several shows and lost another $2.1 billion over the past few months, according to the company’s Q4 2022 earnings report. The combined company earned $11 billion in revenue this past quarter.
“It’s working in an increasingly challenging environment,” Zalslav affirms. “It’s working on direct-to-consumer — we are making meaningful progress on our goal to achieve real profitability in streaming… It’s working, and our new studio heads are hard at work putting their unmatched creative stamp on our future slate.”