Overview

• Warner Bros. Discovery's streaming segment posted a $409 million profit in Q4 2024, with a total of 116.9 million global subscribers after adding 6.4 million in the quarter.
• The company forecasts its streaming business will reach 150 million subscribers by the end of 2026 and deliver $1.3 billion in profit in 2025.
• Overall Q4 revenue declined 2% year-over-year to $10.02 billion, while the net loss widened to $494 million, partly due to $1.9 billion in acquisition-related charges.
• The linear networks division saw a 5% revenue drop and a 17% decline in advertising revenue, driven by shrinking domestic audiences and a weakening U.S. linear TV ad market.
• Max expanded its global reach in 2024, launching in 70 countries and planning further rollouts in Germany, Italy, and on Sky in the UK and Ireland by 2026.