WBD provides 6.4 million Max subscribers, forecasts 150 million subs through finish of 2026

Warner Bros. Discovery mentioned Thursday it added 6.4 million world streaming subscribers within the fourth quarter for a complete of 116.9 million subscribers.

Fourth-quarter earnings for the streaming area, which is anchored through flagship carrier Max, totaled $2.65 billion, up 5% from $2.53 billion in the similar quarter closing 12 months. Adjusted income ahead of pastime, taxes, depreciation and amortization for the unit got here in at $409 million, in comparison to an adjusted EBITDA lack of $55 million within the fourth quarter of 2023.

In a shareholder letter, the corporate forecast adjusted EBITDA of $1.3 billion for its streaming industry for the 12 months — more or less double the $677 million adjusted EBITDA it reported for 2024 — and mentioned it has a “clear path” to crash 150 million world subscribers through the top of 2026. Max is ready to starting on tv carrier Sky in the UK and Eire through the second one quarter of 2026, and can debut in Germany and Italy within the first quarter of that 12 months.

The media and leisure corporate announced Wednesday that Max would store its B/R Sports activities and CNN content material to be had at deny spare price to subscribers in its same old and top rate tiers. To start with WBD deliberate to price an spare price for sports activities.

Alternatively, it’s going to whisk each verticals from its modest, ad-supported tier starting March 30.

WBD’s general fourth-quarter earnings fell 2% to $10.03 billion from $10.28 billion all the way through the similar quarter in 2023. Complete-year 2024 earnings got here in at $39.32 billion, indisposed 5% from $41.32 billion in 2023.

Warner Bros. Discovery reported a web lack of $494 million for the fourth quarter of 2024, or a lack of 20 cents in step with percentage, in comparison with a web lack of $400 million, or a lack of 16 cents in step with percentage, all the way through the fourth quarter of 2023.

TV networks earnings got here in at $4.77 billion, in comparison to $5.04 billion within the year-earlier duration. The corporate in the past wrote indisposed $9.1 billion for its networks industry in its 2024 second-quarter income file.

For the studios industry, fourth-quarter earnings totaled $3.66 billion, an building up of 15% from $3.17 billion within the fourth quarter of 2023.

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