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.

Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday.

Warner Bros. Discovery, amid a crackdown on DEI by the Trump administration, is jettisoning the diversity and equity parts of its DEI initiatives.

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.

(Reuters) - 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 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 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.

Warner Bros. Discovery (WBD) stock jumped about 10% after the entertainment conglomerate made upbeat predictions about its streaming business in an otherwise downbeat fourth-quarter earnings report.