Warner Bros. Discovery reports a $9.1 billion loss and misses estimates, causing its stock to decline.

• Warner Bros. Discovery reported second-quarter earnings after the bell.
• The TV networks business of the media company incurred a $9.1 billion non-cash goodwill impairment charge.
• The company also missed analyst expectations for quarterly revenue.

On Wednesday, the stock of the company fell after it announced a $9.1 billion write-off on its TV networks and failed to meet analyst expectations for revenue.

Here is how Warner Bros. Discovery performed:

• The loss per share is $4.07, which is higher than the 22 cent loss predicted by analysts surveyed by LSEG.
• Revenue:  $9.07 billion vs. $10.071 billion expected

The company's shares were down roughly 7% in aftermarket trading.

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