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Skydance shares drop 8% as Wall Street awaits WBD earnings clarity

TheWrap’s Lucas Manfredi reports Skydance stock fell over 8% after Q3 earnings missed expectations, with the report excluding Warner Bros. Discovery’s full financials since that merger closed only in the fourth quarter.

Why it matters. Skydance’s debt paydown and streaming bundle strategy will stay under investor scrutiny until pro forma WBD results arrive before the fourth-quarter print.

Signal from thewrap.com · Lucas Manfredi · read the original.

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