Warner Bros. Discovery Sees Max Hit 116.9 Million Subscribers As Streaming Posts Profit, Cable Networks' Ad Revenue Falls 17%

Group 1 - Warner Bros. Discovery's revenue decreased by 1% to $10 billion, missing Wall Street forecasts, with a net loss of$ 640 million for Q4 2024 due to $1.9 billion in charges including restructuring expenses [1] - The Networks segment, WBD's largest, experienced a 5% revenue decline to$ 4.8 billion and a 13% drop in profits to $1.9 billion, with ad revenue falling 17% due to a 28% decline in domestic audience [2] - The company is undergoing a corporate restructuring that may lead to the separation of its cable networks, similar to plans by Comcast [3] Group 2 - Studio revenue increased by 16% to$ 3.7 billion, driven by a 64% rise in TV revenue from internal licensing agreements, despite previous year impacts from WGA and SAG-AFTRA strikes [4] - Direct-to-Consumer (DTC) revenue rose by 5% to $2.7 billion, with the segment achieving a profit of$ 409 million compared to a $55 million loss [4] - Advertising revenue in the DTC segment increased by 27%, while content revenue decreased by 40% due to fewer third-party licensing deals [4]