Trending tickers: Warner Bros, Bumble, Robinhood, Barratt Developments

The latest investor updates on stocks that are trending on Thursday

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Warner Bros was trading around 11.5% lower in premarket on Thursday after it posted a near $10bn (£7.88bn) loss in its latest financial report. The majority of the loss is a $9.1bn impairment charge tied to the value of its cable networks.

A combination of declining ad revenues and subscription fees being siphoned off by streaming services such as Netflix (NFLX) has cut the value of the business. It owns CNN, TNT and TBS.

Read more: FTSE 100 LIVE: European stocks down as market jitters remain

The company posted a net loss of $9.99bn, or $4.07 a share, compared with a loss of $1.2bn, or 51 cents per share, for the same period a year earlier. Analysts had forecast losses per share of 27 cents. Adjusted earnings came in at $1.8bn, down from $2.2bn a year ago.

Investors were swiping left on dating app Bumble on Thursday, with stock down 36.7% in premarket after it missed its second quarter revenue estimates.

The company said 2024 revenue will increase by 1% to 2% from a year earlier. It had previously forecast growth of as much as 11%, and Wall Street was expecting 8.4%.

Read more: Stocks that are trending today

The report compounds troubles for Bumble, which issued a weak sales outlook and cut around a third of jobs.

CEO Lidiane Jones said on a call with investors folling the report that the company would "shift away from unsustainable short-term growth," instead "better connecting customer experiences with long-term growth potential."

Trading platform Robinhood was higher in premarket, up 1.3% as it beat analyst estimates in its second quarter earnings report.

It posted revenue of $682m and earnings of $0.21 per share. While numbers topped estimates, it fell short of Wall Street forecasts for user growth.

Revenue surged 40% from a year earlier, driven by a 69% jump in the transaction revenue, with crypto and options transaction revenue leading the gains, up 161% and 43% respectively, according to the report.

Housebuilder Barratt stock is down more than 2% this morning after the UK's Competition and Markets Authority raised concerns about its merger with industry peer Redrow (RDW.L).

The pair have housing developments near to one another, in Whitchurch, Shropshire and Kingsbourne in Nantwich, which could harm both price and quality if the companies were to combine, the regulator said.

If Barratt and Redrow can find a solution to this the merger is still likely to go ahead, the CMA added.

"The companies now have the opportunity to agree workable solutions which address our concerns rather than move to a more in-depth investigation," said Joel Bamford, executive director for mergers at the CMA.

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