iIvestors shrugged off a surprise loss for the fourth quarter due to ongoing declines in its traditional television business and weaker ad sales.
Warner Bros. Discovery's DTC and studios results were “very encouraging,” one analyst noted.
Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of $0.04.
Warner Bros. Discovery (WBD -1.78%), an entertainment conglomerate known for its significant media and streaming assets, released its fourth-quarter results on February 27, 2025.
Warner Bros. Discovery (WBD) reported weaker-than-expected fourth-quarter results, but shares rose in premarket trading Thursday on an upbeat streaming outlook.
The entertainment and media company reported its fourth-quarter earnings ahead of Thursday's opening bell.
Warner Bros. Discovery linear networks continued to lose ground amid ongoing challenges, weighing on the fourth quarter. Revenue eased 1% to $10 billion, shy of Wall Street forecasts. Net Some $1.
Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers.
Warner Bros. Discovery touted its “disciplined” sports strategy, saying sports is an area where it is responding “tenaciously and creatively” to ongoing pay-TV declines. The company made the remarks in its quarterly letter to shareholders, released along with financial results for the fourth quarter, which were mixed.
Warner Bros Discovery said on Thursday its streaming service will have at least 150 million users by 2026, after Max's global expansion powered stronger-than-expected subscriber gains in the fourth quarter.
Warner Bros Discovery said on Wednesday that it plans to offer sports and news content at no additional cost on its streaming platform, Max, to standard and premium subscribers in the U.S.
Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday.