Warner Bros. Discovery, Inc. - Series A Common Stock (WBD)
10.93
+0.01 (0.09%)
Warner Bros. Discovery, Inc. is a leading global media and entertainment company that operates a diverse portfolio of renowned brands and franchises
The company specializes in the creation and distribution of innovative content across various platforms, including television networks, streaming services, and film production. With a rich heritage in storytelling, Warner Bros. Discovery brings together a wide array of programming, from thrilling dramas and captivating documentaries to beloved animated series and blockbuster films, catering to a vast audience worldwide. By leveraging its extensive library and expertise in content development, the company seeks to engage viewers through compelling narratives and immersive experiences.
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Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD)
jumped 11.1% in the afternoon session after the company reported decent fourth-quarter results that beat analysts' EBITDA estimates, driven by stronger performance in the Direct-to-Consumer (DTC) and Studios segments. The company also added more Max subscribers than expected. However, both revenue and earnings fell short. While the results were mixed, the quarter still showcased notable strengths.
The company expects the strong DTC subscriber growth to continue throughout 2025, with a clear path to reach at least 150 million global subscribers by the end of 2026.
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