Warner Bros. Discovery post Q4 loss on $ 1.9 billion in costs
Warner Bros. Discovery placed a loss of the fourth quarter when the company struggled by $ 1.9 billion in costs and restructuring costs, even when the company added 4.6 million subscribers to its streaming sales points.
Just like his rivals. Warner navigates in a difficult era for the media sector, one in which Linear TV audience, much easier to earn to make money, leave for new streaming video options. The company said that the total turnover fell by 2% to $ 10 billion, and noted that a decrease of 2% compared to distribution and 11% in the advertisement sales as a result of “continuous softness” in traditional advertising markets.
“In fact, the American linear television advertisement market has deteriorated faster than we had expected, as is apparent from our results in the past quarters,” the company said in a note to shareholders on Thursday.
Nevertheless, Warner offered robust projections for the future of its streaming activities, and predicted that the broadband output Max would have at least 150 million users by 2026, referring to the worldwide expansion of the service. WBD told shareholders that the streaming company segment will deliver around $ 1.3 billion in adapted income in 2025, which would be an almost dual increase last year.
The loss of the company came to $ 494 million, compared to a loss of $ 400 million in the period of the year, which represents a broadening of 24%.
Turnover from her studios rose by 15% to almost $ 3.66 billion, largely based on an increase in production compared to a quarter-minute quarter that had shrunk by Hollywood Labor stop settlements. The turnover from the company’s TV networks fell by 5% to $ 4.77 billion, with Warner noticed that the public had fallen by 28% for his American networks.
Direct-to-consumer activities were a highlight of the quarter, with Warner an increase of 6.4 million subscribers around the world in the Innotte period. Warner said that his worldwide subscriber base now came to 116.9 million. Turnover increased by 5% to $ 2.65 billion.
