Warner Bros. Discovery posted a fourth quarter loss after seeing $1.9 billion in charges even as it added 6.4 million streaming subscribers

Warner Bros. Discovery linear networks continued to lose ground amid ongoing challenges, weighing on the fourth quarter along with one-time charges.

The Hollywood giant, led by CEO David Zaslav, disclosed a $9.1 billion networks unit impairment charge for 2024 and outlined a path to 150 million streaming subs by the end of 2026.

Warner Bros. Discovery, amid a war on diversity, equity and inclusion programs by the Trump administration, is jettisoning the diversity and equity parts of its DEI initiatives. Going forward, WBD’s “overarching work in this space will now be referred to as Inclusion,

Warner Bros Discovery missed Wall Street estimates for fourth-quarter revenue on Thursday, weighed down by the ongoing decline in cable TV business and fewer hit releases during the holiday quarter. The company reported revenue of $10.

The media giant, which boasts a total of 116.9 million streaming subscribers, says it has a clear path to reach at least 150 million globally by the end of 2026

Warner Bros. Discovery ( WBD) shares jumped as the media giant reported it had added 6.4 million streaming subscribers, and gave an optimistic outlook about subscriber growth in the next year.

Warner Bros Discovery on Thursday projected at least 150 million users for its streaming service by 2026, after beating estimates for fourth-quarter subscriber gains on Max's global expansion. The rebranding of HBO Max to Max and its international rollouts have been central to the company's efforts to boost streaming service subscriptions in a hyper-competitive market.

There was great news today for entertainment giant Warner Bros Discovery (WBD), which is great, because the news has not been especially good

Ivestors shrugged off a surprise loss for the fourth quarter due to ongoing declines in its traditional television business and weaker ad sales.

Warner Bros Discovery said it expects streaming profits to double this year and forecast at least 150 million subscribers for the business by 2026, setting a bold target as it benefits from the global rollout of Max and tight cost controls.