Warner Bros Discovery met Wall Street estimates for quarterly revenue on Wednesday, as the box-office hit "Barbie" helped offset a sluggish advertising market and a studios segment starved of content due to two Hollywood strikes. Although Hollywood's film and television writers ratified a new, three-year contract in September, ending their 148-day work stoppage, members of the SAG-AFTRA actors union have been on strike since July, roiling the industry's 2024 film slate and depriving media companies of new content to sell. The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter, as it spent less on production as a result of the strikes.
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