(Reuters) -Warner Bros Discovery (NASDAQ:) Inc on Thursday posted a lack of $2.1 billion in its fourth quarter, reflecting ongoing costs associated to the restructuring of the merged media corporations.

The corporate reported income of $11 billion, shy of analysts’ consensus estimate of practically $11.36 billion.

Warner Bros Discovery reported a lack of 86 cents per share. Earlier than-tax earnings, or adjusted EBITA, of $2.6 billion modestly exceeded analysts’ forecasts of $2.58 billion.

Shares of Warner Bros fell 4.6% after the report.

Warner Bros Discovery stated the months-long merger-related restructuring, which resulted in hundreds of layoffs and canceled movie and tv initiatives, is full. The corporate cited indicators of gathering momentum, together with the recognition of the HBO drama “The Final of Us,” the fourth HBO collection to common greater than 15 million viewers, in addition to the chart-topping success of its “Harry Potter” videogame “Hogwarts Legacy.”    “With the foremost restructuring choices behind us, this yr we’re centered on constructing and rising our enterprise for the longer term,” Chief Government David Zaslav stated in an announcement.