Total revenue slipped 8% from the same quarter a year ago, coming in at $679 million.
The company blamed the ad downturn as well as lower affiliate and 25/7 Media production services revenue.
It hit $147.6 million compared with $30.7 million in the same period in 2022.
“The Walking Dead: Dead City"Courtesy
Wall Street analysts had expected total quarterly revenue of $706.5 million and earnings of $1.60.
About 20% of U.S. employees were laid off as Dolan took the helm.
