Warner Bros. Discovery Reports Streaming Profit Growth, Paramount Faces Mixed Results

Warner Bros. Discovery's streaming segment posts record profits, while Paramount narrows streaming losses but encounters challenges with its merger and TV/Media segments.

Warner Bros. Discovery achieved a $409 million streaming profit in Q4 2024, with a total of 116.9 million global subscribers, and expects $1.3 billion in streaming profit for 2025.
Paramount Global reduced its streaming losses by 42% in Q4 2024 and anticipates domestic profitability for Paramount+ in 2025, despite missing Wall Street expectations.
Warner Bros. Discovery's linear TV division saw declining revenue and profits, with challenges from subscriber losses and a weakening U.S. linear advertising market.
Paramount is navigating regulatory and shareholder scrutiny over its pending $8 billion merger with Skydance Media, which could face delays or termination costs if not approved by April 2025.
Both companies continue to invest in streaming growth, with Warner Bros. Discovery expanding Max internationally and Paramount leveraging its content portfolio for direct-to-consumer success.