Warner Bros. Discovery Expands Streaming Internationally

Warner Bros. Discovery (WBD) reported mixed financial results, with a fourth-quarter net loss of $494 million due to $1.9 billion in charges and restructuring expenses, and a 1% revenue decrease to $10 billion. However, its streaming segment saw a notable profit of $409 million, adding 6.4 million subscribers, totaling 116.9 million globally by the end of 2024. The company projects reaching 150 million subscribers by 2026, driven by the expansion of its Max service, which launched in new international markets, including Australia, Germany, Italy, and the UK. Despite challenges in its traditional TV business, with a 5% dip in network revenue, WBD remains optimistic about doubling streaming profits this year and achieving $1.3 billion in profits by 2025. The strategic focus on streaming aims to counteract declines in linear TV revenue and capitalize on broader market opportunities.