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yesterday

Warner Bros. Discovery Gains 5.3 Million Streaming Subscribers as Legacy Revenues Decline

The media giant narrowed its Q1 net loss to $453 million, driven by streaming growth, while traditional TV and studio revenues continued to fall.

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Overview

  • Warner Bros. Discovery added 5.3 million global streaming subscribers in Q1 2025, reaching a total of 122.3 million subscribers.
  • Streaming revenue grew 8% to $2.65 billion, supported by a 35% surge in advertising revenue from ad-supported streaming tiers.
  • The company’s Q1 net loss narrowed to $453 million, an improvement from $966 million in the same quarter last year.
  • Traditional TV network revenue dropped 7% to $4.7 billion, with linear advertising sales declining by 11%.
  • Production studio revenue fell 18% to $2.3 billion, attributed to a weaker theatrical slate compared to the prior year.