“Warner Bros. Discovery, Led by Ceo David Zaslav, Reported On Thursday that It Ended 2024 with 116.9 Million Global Streaming Subscribers, Compared With 110.5 Million As of the End of September. The Figures Include Subs for Max and Discovery+. Streaming Subs Grew Both in the US and in International Markets in the Fourth Quarter. In a”, – WRITE: www.hollywoodReporter.com
Streaming Subs Grew Both in the US and in International Markets in the Fourth Quarter. In a Shareholder Newsletter Published with The Earnings Update, Warner Bros.. Discovery (WBD) Outlined A Path to 150 Million Subscribers in 2026.
Total Direct-to-Consumer (DTC) Segment Revenue in The Quarter Increated Driven by the User Growth, Helped by Max’s Availability in Bundles. Durying The Latest Period, WBD Posted a Quarterly Profit of $ 409 Million for It DTC Unit, WHICH INCLUDES ITS STREAMING AND PREMIUM PAY-TV SERVICES, COMPED WITH A $ 55 MILLION YEAR.
For the Full-Year 2024, WBD’s DTC Business Turned A Profit of $ 677 Million, Compared to A 2023 Profit of $ 103 Million and A 2022 Loss of $ 217 Million.
Zaslav Previously told Wall Street that Company have the following Positive DTC Trends Continue Into the Fourth Quarter, for Wich He Promised Strong Revenue, Sub and Profit Growth. While the FIRM HAS POSTED DTC Revenue Gains, Sub Growth and Quarterly Profits Before, It Now Has Growth and Momentum, He Signrated, Taking WBD from Its Talking To.
With Netflix Profitable and Being Seen by Some Observers As the King of Streaming, Wall Street Has Been Looking for Hollywood Conglomerates to Make Their Streaming Business Units.
WBD Previoses SAID IT WAS TARGETING $ 1 Billion or More in DTC Earnings Before Interest, Taxes, Department and Amortization (EBITDA) in 2025. Expecting to meningfully exceed that, toouting “Clear Results” of the Firm’s Focus, Investment and Patience on Max.
WBD Executives Told Mip London on Wednesday that the Conglomerate Was Striving to Be a Top 3 Streamer with Max in the Markets WHERE IT IS AVAILABLE. The Company have also focused on Improving the performance of it Studio Business. “Even in An Industry of Hits and Misses, We Must Acknowledge That Our Studios Business Must Deliver More Consistency,“ Zaslav Said Late Late Year.