Warner Bros. Discovery's new co-ad sales presidents Ryan Gould and Robert Voltaggio said they're feeling "optimistic and bullish" despite the current economic uncertainty looming over the advertising market heading into Wednesday's upfront presentation and more specific questions regarding the future configuration of the studio.

The company missed first-quarter revenue estimates and posted a larger-than-expected loss due to a sluggish box office performance and ongoing declines in cable.

Warner Bros. Discovery, the parent company of HBO, announced on Wednesday, “Same app. New-ish name. The plot twist everyone’s been waiting for..."

The Warner Bros. studio struggled in the quarter, but the company's streaming unit grew by 5.3 million subscribers.