CNN’s net worth was nearly sliced in half between 2021 and 2023, according to financial metrics shared at the network’s defamation trial on Friday.
The network’s net worth went from $4.4 billion in 2021 to $2.3 billion in 2023 — a drop of 47.7% — according to what the company shared.
CNN’s annual revenue also dropped from $2.2 billion to $1.8 billion from 2021 to 2023, per the company’s internal metrics.
Free Beacon’s Jessica Costescu shared a CNN revenue graphic from the courtroom on X:
“The numbers represent the Plaintiff’s interpretation of a subset of data as presented in litigation, and they do not represent financial data for the whole of CNN’s business,” a CNN spokesperson told TheWrap.