Warner Discovery has reported its first earnings just four months after the merger of the two entertainment giants. As expected, earnings and revenue were down on the heels of the merger and several cost-cutting measures, but “revenue did come in very low from what the Street was expecting,” noted Cheddar’s Michelle Castillo. The company reported $9.83 billion in revenue against an estimate of $11.8 billion. Warner Discovery did, however, add about 1.7 million subscribers across all its streaming platforms.