A sign outside the campus of Warner Brothers Discovery Techwood Turner Broadcasting can be seen on June 26, 2024 in Atlanta, Georgia.
Kevin Dietsch | Getty pictures
Warner Bros. Discovery On Thursday it added 6.4 million global streaming subscribers for a total of 116.9 million subscribers in the fourth quarter.
The turnover in the fourth quarter for the streaming segment, which is anchored by Flagship Service Max, amounted to $ 2.65 billion, which rose $ 2.53 billion in the same quarter of the previous year. The adapted result before interest, taxes, depreciation and amortization for the device was $ 409 million compared to an adjusted EBITDA loss of $ 55 million in the fourth quarter of 2023.
In a shareholder letter, the media and entertainment company predicts the adjusted EBITDA of 1.3 billion US dollars for his streaming business for the year – approximately twice as high as the 677 million dollars adjusted EBITDA that it reported for 2024 – and explained that it has a “clear way” by reaching 150 million global subscribers. USA. and Italy in the first quarter of this year.
“In this disturbance of the generation media, only global streamers will survive and thrive, and Max is exactly that,” said CEO David Zaslav on Thursday about the company's winning call.
WBD announced on Wednesday that Max would provide its B/R sports and CNN content without additional costs for subscribers in its standard and premium levels. First, WBD planned to charge additional costs for sport.
However, both industries will move from its basic, supported level from March 30th.
After the winning connection, JB Perrette, CEO and President of Global Streaming and Games said that the company would continue to experiment with its news and sports business models.
While sport has recently enlarged her presence at streaming services with platforms such as Netflix Zaslav added to her live sports portfolios, the company focused more on maximizing its returns than on more sports.
Warner Bros. Discovery loses the US sales rights to games from the national basketball association from next season. It still has a US sports portfolio that includes the French Open, the Major League Baseball, College Football and the National Hockey League.
“We do not need more sports in the world anywhere to support our business,” said Zaslav, adding that he would expect it to become more difficult to maintain sports rights with increasing prices and competition.
In the news Zaslav said Warner Bros. Discovery expected CNN to benefit from the 2024 presidential elections, which ultimately did not come about. In CNN together with MSNBC, his reviews fell drastically after the election, while Fox News enjoyed strong reviews during this time.
The WBD shares rose by almost 5%on Thursday.
Here, like Warner Bros. Discovery in the fourth quarter of 2024, compared to what Wall Street expected, based on a survey of LSEG analysts:
- Loss per share: 20 cents expected compared to the result of 1 cent per share
- Revenue: 10.03 billion US dollars are expected compared to $ 10.19 billion
The turnover of the WBD overall quarters in the fourth quarter fell $ 10.03 billion from $ 10.28 billion in the same quarter in 2023. The total year of 2024 was $ 39.32 billion, which was $ 41.32 billion in 2023.
Warner Bros. Discovery recorded a net loss of $ 494 million in the fourth quarter of 2024 or a loss of 20 cents per share compared to a net loss of $ 400 million or a loss of 16 cents per share in the fourth quarter of 2023.
The turnover of TV networks was $ 4.77 billion compared to $ 5.04 billion in the same period in the previous year. The company previously deducted $ 9.1 billion for its network business in its 2024 winning report. In his shareholder letter, Warner Bros. Discovery found that it would expect further declines in cable subscribers and that the advertising market for US linear televisions shrinks faster than expected.
For the studio business, sales were $ 3.66 billion in the fourth quarter, which was 15% increase compared to $ 3.17 billion in the fourth quarter of 2023.
“We are laser -oriented to bring our studios back to a place of industry management,” said Zaslav.
Disclosure: MSNBC and CNBC are departments of NBCuniversal.
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