BUZZ-Warner Bros expects streaming unit to notch up 150 mln subscribers by 2026; shares up
ReutersFeb 27, 2025 2:41 PM
Updates
Shares of Warner Bros Discovery WBD.O rise 9.4% to $11.5
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
WBD stock has fallen ~1% in past 12 months
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