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CORRECTED-BUZZ-Warner Bros expects streaming unit to notch up 150 mln subscribers by 2026; shares up

ReutersFeb 27, 2025 1:59 PM

Corrects fourth bullet to say fourth-quarter loss was 20 cents per share, not 2 cents

Shares of Warner Bros Discovery WBD.O rise 1.14% to $10.6 premarket

WBD expects its streaming service business to reach at least 150 million users by 2026 vs est of 135.8 mln subscribers

In Q4, WBD's streaming business added 6.4 mln direct to consumer subscribers, above estimates of 4.89 mln, per data compiled by Visible Alpha

WBD reports Q4 revenue of $10.03 bln vs est of $10.19 bln - LSEG

Co posts Q4 loss of 20 cents/shr vs est of profit of 1 cent/shr

Up to last close, WBD stock had fallen ~1% in past 12 months

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