Overview
- 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.