Warner Bros Discovery (WBD) global subscribers increased from 5.3m to 122.3m as CEO David Zaslav maintains an ongoing international rollout to surpass 10500m membership by the end of 2026.
Streaming was the highlight of the otherwise mixed quarter that led to the expected decline in the studio and television business.
Overall streaming revenue rose 8% to $2.7 billion, with adjusted EBITDA of $339 million. Distributed revenues rose 7% to $2.3 billion, following a 23% increase in subscribers following a continuing global US distribution transaction. The service will launch in Australia on March 31st and will debut in the UK in 2026.
Streaming ads rose 35% to $237 million.
Speaking to the analyst, Zaslav showed a shift in thinking about Max to focus on quality rather than quantity. “The idea is not just how much it is, but how good the things we identified are. We don’t overflow in the zone,” he said. The two hits from the first quarter were season 3 White lotus And a new medical drama pit.
Studios Division revenue fell 18% to $2.3 billion. Dunes: Part 2 and Godzilla v KongAnd a volatile start in the year when Motion Group’s Futures of Co-Heads Mike De Luca and Pam Abdy were placed in the crosshairs for a short time.
The pressure was alleviated by the stellar performance of Minecraft moviessurpassing $400 million at the North American box office on Wednesday, standing at over $876 million worldwide. sinner$190 million in North America and more than $244 million worldwide. Performance for both titles is reflected in second quarter revenue.
James Gunn’s DC Studio Tent Pole Superman Opening on July 11th, Craig Gillespie will envelop production Supergirland the studio is “deep” in the production of the series. lanthanum.
WBD’s overall revenue fell 10% year-on-year to $8.9 billion, while advertising revenue fell 8% to $1.9 billion. Net profit losses improved from $966 million to $453 million, while content revenues fell 27% to $1.87 billion
Global Linear Network revenue fell 7% to $4.8 billion. Zaslav worked to rebuild the company, rebuilding it into a global linear network and streaming & studio.
The share price rose 5% after the company reported its financials.
(TagStoTranslate)Finance (T)US (T)Warner Bros.
