A sign outside the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia.
Kevin Dietsch | Getty images
Discovery Warner Bros. said on Thursday that he added 6.4 million world streaming subscribers to the fourth quarter for a total of 116.9 million subscribers.
The turnover of the fourth quarter for the streaming segment, which is anchored by the flagship service max, totaled $ 2.65 billion, up 5% against $ 2.53 billion in the same quarter last year. The profit adjusted before interest, taxes, depreciation and amortization for the unit came to $ 409 million, against a loss of adjusted Ebitda of $ 55 million in the fourth quarter of 2023.
In a shareholder letter, the media and entertainment company has planned an adjusted ebitda of $ 1.3 billion for its streaming activity for the year – double the adjusted Baiia of $ 677 million which he declared for 2024 – and declared that he had a “clear path” to reach 150 million global subscribers by the end of 2026. The sky of the United States and Irland and Italy in the first quarter of this year.
“In this generational media disruption, only world streamers will survive and prosper, and Max is only that,” said CEO David Zaslav when the company's profits on Thursday.
Wbd announcement On Wednesday, Max would keep its B / R and CNN sports without additional costs for subscribers in its standard and premium levels. Initially, WBD planned to invoice a Additional cost for sports.
However, he will draw the two verticals from his basic level supported by advertising from March 30.
When calling results, JB Perrette, CEO and president of Global Streaming and Games, said that the company would continue to experience its commercial and sports models.
While sports have recently increased their presence on streaming services, with platforms like Netflix Addition to their live sports walletZaslav said that the company focuses more on maximizing its yields than acquiring more sporting content.
The discovery of Warner Bros. losing American distribution rights to the National Basketball Association matches from next season. It still has an American sports portfolio which includes the French Open, the major league, university football and the National Hockey League.
“We no longer need sports in the world to support our business,” said Zaslav, adding that it expects it more difficult to obtain sports rights with growing prices and competition.
In terms of news, Zaslav said that Warner Bros. Discovery expected CNN to be more advantageous from the 2024 presidential election which ultimately did not materialize. CNN, with MSNBC, saw its notes Falling radically after the elections, while Fox News appreciated strong notes during this period.
WBD shares increased by almost 5% on Thursday.
Here's how Warner Bros. Discovery worked in the fourth quarter of 2024 compared to what Wall Street was waiting for, based on a survey of LSEG analysts:
- Loss by action: 20 cents vs profit per share of 1 hundred expected
- Income: $ 10.03 billion against $ 10.19 billion expected
The overall turnover of the fourth quarter of WBD dropped by 2% to $ 10.03 billion, compared to $ 10.28 billion in the same quarter in 2023. Full year's revenues of 2024 reached $ 39.32 billion, down $ 41.32 billion in 2023.
Warner Bros. Discovery declared a net loss of $ 494 million for the fourth quarter of 2024, a loss of 20 cents per share, against a net loss of $ 400 million, a loss of 16 cents per share, in the fourth quarter of 2023.
Revenues from television networks reached $ 4.77 billion, compared to $ 5.04 billion during the annual period. The company previously write $ 9.1 billion for its network activities in its report on the second quarter results of 2024. In its shareholder letter, Warner Bros. Discovery noted that it expects an additional drop in cable subscribers and that the US linear advertising market is shrinking faster than expected.
For studios activity, fourth quarter revenues totaled $ 3.66 billion, an increase of 15% against $ 3.17 billion in the fourth quarter of 2023.
“We are focused on the laser to bring our studios back to a place of industry leadership,” said Zaslav.
Disclosure: MSNBC and CNBC are divisions of NBCUNIVERSAL.
