Overview

• Warner Bros. Discovery's streaming service added 6.4 million subscribers in Q4 2024, reaching 116.9 million globally across 70 countries.
• The company projects reaching 150 million global subscribers by the end of 2026, driven by expansion into markets like Australia, Germany, Italy, and the UK.
• WBD's streaming segment generated $2.65 billion in Q4 revenue, a 5% year-over-year increase, with a $409 million quarterly profit for its direct-to-consumer business.
• CEO David Zaslav emphasized a selective approach to acquiring sports rights, highlighting the challenges posed by rising costs and competition in the sports market.
• The company is restructuring its operations into two segments—television networks and film studios/Max—with completion expected in Q2 2025.