Warner Bros. gains streaming subscribers on foreign push
As viewers shift from traditional TV to streaming services, Warner Bros.’ goal is to get Max on as many devices and in front of as many consumers as possible. In September, it scored an early renewal of a distribution agreement with Charter ...
Warner Bros. Discovery Adds 7 Million Streaming Subs in Q3 to Hit 110 Million as Box Office Dives 40% in ‘Barbie’-Less Summer
Warner Bros. Discovery reported its third-quarter 2024 earnings results Thursday. The July 1-Sept. 30 period concluded with WBD’s HBO , Max and Discovery+ boasting more than 110 million global subscribers, while box office sales fell 40% when compared to last summer’s blockbuster “Barbie.”
Warner Bros. Discovery Hits 110.5 Million Global Streaming Subs
WBD’s networks segment saw distribution revenue decline by 8% year-over-year while advertising dropped a whopping 13%. Adjusted earnings before interest taxes depreciation and amortization (EBITDA) in the division fell by 12% from a year earlier.
Warner Bros. Discovery Grows DTC Profit to $289M, Streaming Subs to 110.5M, Led by Olympics
Warner Bros. Discovery posted a third-quarter profit gain to $289 million for its direct-to-consumer (DTC) unit, which includes its streaming and premium pay-TV services, compared with a $111 million year-ago profit.
Q3 2024 Warner Bros Discovery Inc Earnings Call
Ladies and gentlemen, welcome to the Warner Bros. Discovery's third-quarter 2024 earnings conference call. (Operator Instructions) Additionally, please be advised that today's conference call is being recorded. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President, Global Investor Strategy. Sir, you may now begin.
Warner Bros. Discovery, Inc. (WBD) Q3 2024 Earnings Call Transcript
Ladies and gentlemen, welcome to the Warner Bros. Discovery Third Quarter 2024 Earnings Conference Call. At this time, all participant are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. Additionally, please be advised that today's conference call is being recorded.
Warner Bros. Discovery gains streaming subscribers
Warner Bros. Discovery Inc., the parent of the Max streaming service, gained more subscribers than expected in the third quarter, suggesting its online business is picking up. The New York-based media company added 7.
Warner Bros. Discovery price target raised to $10 from $8 at Barclays
Barclays analyst Kannan Venkateshwar raised the firm’s price target on Warner Bros. Discovery (WBD) to $10 from $8 and keeps an Equal ...
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Warner Bros. Discovery’s Major Strides in Streaming Continue To Be Offset by Linear Decline
Warner Bros. Discovery faces significant uncertainty surrounding its evolution in a media landscape defined by cord-cutting and many streaming choices. Ultimately, we think Warner’s scale, ...
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Warner Bros. Discovery Announces 7.2m New Max Subscriptions in Q3 Report
Discovery said, “Warner Bros. Discovery's Q3 results demonstrate once again ... our recently announced strategic partnership with Charter Communications, for both linear network distribution and ...
Warner Bros. Discovery says content cadence strong going into 2025, 2026
Says has great partnerships around the world to increase distribution. Seeing “a lot of strength” with Disney (DIS) and Hulu. Says ...
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Did Warner Bros. Just Bury Clint Eastwood's Last Film?
But after more than five decades in the business, Eastwood’s latest picture, Juror #2, may be his last, according to the ...
Warner Bros. Discovery Q3 Earnings: Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New Partnerships
Warner Bros. Discovery, Inc reported a 3% revenue decline and missed analyst estimates, but saw growth in DTC subscribers and ...