On June 26, 2024, Warner Bros. found the Techwood Turner broadcast campus logo in Atlanta, Georgia.
Kevin Dietsch | Getty Images
Warner Bros. Discover It said Thursday it added 6.4 million global streaming subscribers in the fourth quarter, with a total subscriber total of 116.9 million.
The fourth quarter revenue in the streaming space was the largest anchored by flagship services, totaling $2.65 billion, up 5% from $2.53 billion a year ago. Adjusted earnings before interest, taxes, depreciation and amortization of the unit were $409 million, while adjusted EBITDA losses were $55 million in the fourth quarter of 2023.
In a shareholder letter, the company predicted its streaming business for $1.3 billion that year, about $677 million adjusted EBITDA adjusted in 2024, and said it had a “clear pathway” to reach $150 million of global subscribers by the end of 2026.
“In this kind of destruction of the generation media, only global streamers can survive and thrive, and Max is that,” CEO David Zaslav said on a company earnings call on Thursday.
Media and entertainment companies Announce On Wednesday, Max will retain its B/R sports and CNN content with no additional expenses in its standard and advanced tiers. Initially, WBD plans to Extra cost of exercise.
However, starting March 30, it will pull out two verticals from the basic ad support layer.
According to an LSEG survey of analysts, Warner Bros. Discovery performed in the fourth quarter of 2024 compared to Warner Bros.’s discovery in the fourth quarter of 2024:
- Loss per share: 20 cents versus 1 cent per share expectation
- income: $10.03 billion vs. $10.19 billion
WBD’s overall fourth-quarter revenue fell 2% to $10.28 billion in the same quarter of 2023 to $10.03 billion. Revenues for the full year were $39.32 billion in 2024, down 5% from $41.32 billion in 2023.
Warner Bros. Exploration reports that the fourth quarter of 2024 had a net loss of $494 million, or a loss of 20 cents per share, compared with a net loss of $400 million, or a loss of 16 cents in the fourth quarter of 2023.
TV network revenue is $4.77 billion, compared with an annual maturity of $5.04 billion. The company used to Write down Its second-quarter 2024 earnings report has a network business of $9.1 billion. Warner Bros. found that cable subscribers expect it to drop further, while the advertising market for linear TV in the U.S. is shrinking faster than expected, Warner Bros. found in its shareholder letter.
For the studio business, revenue in the fourth quarter totaled $3.66 billion, up 15% from $3.17 billion in the fourth quarter of 2023.
“We focus on bringing our studio back to industry leadership,” Zaslav said.
This story is developing. Please check it for updates.
