Warner Bros. Discovery Surges on Promising Streaming Expansion Despite Q4 Setbacks

Warner Bros. Discovery (WBD) experienced a rise in its stock price during premarket trading, fueled by a positive outlook on its streaming services despite reporting weaker-than-anticipated fourth-quarter financial results.

The company announced a net loss of $0.20 per share on revenues totaling $10.03 billion, falling short of analysts' expectations of a $0.02 profit per share and $10.22 billion in revenue, according to Visible Alpha.

In its annual shareholder letter, Warner Bros. Discovery outlined ambitious plans to expand its Max streaming platform to additional international markets. The company projects reaching at least 150 million global subscribers by the end of 2026, accompanied by robust Direct-to-Consumer revenue and Adjusted EBITDA growth. As of the end of Q4, the platform had amassed 116.9 million subscribers.

This report aligns with the company's strategic shift announced in December to reorganize into two distinct segments: one focusing on television networks such as CNN, TBS, and TNT, and the other dedicated to film studios and the Max streaming service. The restructuring is expected to be completed by the second quarter.

Over the past year, Warner Bros. Discovery shares have climbed approximately 20%, with a 5% increase observed shortly before the market opened.

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