INDUSTRY STANDARD: Too much revenue can be bad for you
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Katie Robertson / New York Times:
The New York Times reports Q4 revenue up 12.3% YoY to $667.5M, 2022 revenue up 11.3% YoY to $2.3B, 2022 operating profit of $347.9M, and 9.6M paying subscribers
Wall Street Journal:
Sources: Warner Bros. Discovery plans to keep a standalone Discovery+ service after launching a streaming service that combines HBO Max and Discovery+ content
Todd Spangler / Variety:
Disney reports Q1 revenue up 8% YoY to $23.51B, vs. $23.37B est., direct-to-consumer revenue up 13% YoY to $5.3B, and operating loss rose $0.5B to $1.1B
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