Warner Bros. Discovery CEO David Zaslav Photo by Kevin Dietsch/Getty Images Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment The hero of Warner Bros. Discovery's third-quarter earnings was Superman, which helped drive the company's studio business to double digit growth, but linear TV continues to to be a drag on the company's bottom line, with TV advertising hit particularly hard. Not even Superman can save the linear TV business, it seems. Streaming continues to grow, with global streaming subscribers growing by 2.8 million to 128 million. Warner Bros. Discovery reported total revenue of $9 billion, down 6 percent from last year and a net loss of $148 million, owing to the struggles in linear TV, and a flat performance in streaming. The timing of the company's Q3 earnings report comes as WBD is in the midst of a strategic review that could include "proceeding with the planned separation, a potential transaction for the entire company, or separate transactions for the Warner Bros. and/or Discovery Global businesses. As part of the review, we will also consider an alternative separation structure that would enable a merger transaction involving Warner Bros., while Discovery Global would be spun off to our shareholders." The company said Thursday that it did not have any update yet on its plans, and would not provide an update until it had a deal or was otherwise deemed necessary. The company also said it would not answer any questions on the topic on its earning call. More to come. THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up ITV ITV Eyes $46M in Cost Savings as It Forecasts 9 Percent Q4 Ad Drop Amid "Softer Demand" THR, Esq Warner Bros. Forced Into Shotgun Wedding for 'Matrix,' 'Practical Magic' and 'Ocean's 11' Sequels Snapchat Snap Reveals $400 Million Perplexity Deal and Tops Wall Street Expectations in Q3 AMC Theatres AMC Theatres Posts Steep $298 Million Loss, Lower Revenues WWE TKO Raises Guidance and Beats the Street in Q3 After Flurry of Dealmaking THR, Esq Why Does Spotify Keep Recommending Drake? A New Class Action Challenges "Pay-for-Play" Regime ITV ITV Eyes $46M in Cost Savings as It Forecasts 9 Percent Q4 Ad Drop Amid "Softer Demand" THR, Esq Warner Bros. Forced Into Shotgun Wedding for 'Matrix,' 'Practical Magic' and 'Ocean's 11' Sequels Snapchat Snap Reveals $400 Million Perplexity Deal and Tops Wall Street Expectations in Q3 AMC Theatres AMC Theatres Posts Steep $298 Million Loss, Lower Revenues WWE TKO Raises Guidance and Beats the Street in Q3 After Flurry of Dealmaking THR, Esq Why Does Spotify Keep Recommending Drake? A New Class Action Challenges "Pay-for-Play" Regime