Warner Bros. Discovery (WBD), under CEO David Zaslav, reported 116.9 million global streaming subscribers by the end of 2024, up from 110.5 million in September. The company’s direct-to-consumer (DTC) segment, including Max and Discovery+, achieved a $409 million quarterly profit, contrasting with a $55 million loss the previous year. For the full year, the DTC business earned $677 million, significantly higher than the $103 million profit in 2023. WBD aims for 150 million subscribers by the end of 2026, with a focus on sustainable profitability. Despite a $11.3 billion annual loss due to acquisition-related charges, WBD remains optimistic about its streaming future. The company is restructuring its games business around key franchises and experimenting with content bundling strategies. — news from Hollywood Reporter
