Warner Bros. Discovery Sees Max Hit 116.9 Million Subscribers As Streaming Posts Profit, Cable Networks' Ad Revenue Falls 17%
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Warner Bros. Discovery's streaming service, Max, reached 116.9 million subscribers, contributing to a profit in streaming. However, the company's cable networks saw a 17% drop in ad revenue, leading to a 1% decline in overall revenue to $10 billion, missing Wall Street forecasts.
February 27, 2025 | 1:00 pm
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Warner Bros. Discovery's streaming service, Max, achieved 116.9 million subscribers, leading to streaming profitability. However, a 17% decline in cable networks' ad revenue resulted in a 1% overall revenue drop, missing Wall Street expectations.
The positive growth in streaming subscribers and profitability is overshadowed by the significant decline in cable networks' ad revenue, leading to an overall revenue miss. This mixed performance is likely to negatively impact WBD's stock price in the short term.
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