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CNN's revenue has declined significantly over the past three years.
According to financial metrics released in CNN's defamation trial, CNN's revenue has fallen by $400 million over the past three years.
CNN brought in $2.2 billion in 2021, $2 billion in 2022, and $1.8 billion in 2023.
CNN's revenue totaled about $400 million over three years, according to financial metrics shared in the network's defamation trial on Friday.
During the lawsuit, which concluded Friday with $5 million in damages awarded to Navy veteran Zachary Young, a forensic economist said the network that challenged the ratings would earn about $2.2 billion in 2021 and 20 in 2022. The company announced that it will generate revenue of $1.8 billion in 2023.
The decline represented a $400 million, or 18%, decline over three years, providing a rare insight into the company's financial health, Mediaite reported.
Economist Robert Johnson, who examined tax documents to determine what punitive damages should be awarded to Mr. Young, said CNN still expects his net income to be $600 million in 2021 and 3.3 billion in 2022. It revealed that it boasts a profit of $400 million and a profit of $400 million in 2023.
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