Warner Bros. Discovery Adds 5.3 Million Streaming Subscribers in Q1, Narrows Loss

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Warner Bros. Discovery reported a reduction in their first-quarter loss compared to the previous year, primarily due to adding over 5 million subscribers to their streaming services worldwide. However, despite this growth, the company faced declines across all traditional income sources such as advertising and distribution, suggesting they are still navigating challenging conditions within the media industry.

In a recent statement, the proprietor of TNT, TBS, CNN cable channels and Max streaming platform reported a reduced net loss of $453 million compared to last year’s $966 million. Their first-quarter revenue dropped by 10% to reach approximately $8.97 billion.

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The owner of TNT, TBS, CNN cable networks and Max streaming service declared a significant decrease in net loss for the quarter, from $966 million last year to $453 million this year. Their revenue for the first quarter fell by 10%, reaching around $8.97 billion.

In a message to shareholders, the company expressed optimism about the success of their recent productions such as “The Pitt” and “The Last of Us,” but acknowledged that their initial quarter film lineup fell short of projections and that their TV channels are operating in a difficult and uncertain climate.

In their primary sector, which is television networks, the company experienced a drop of 7% in revenue, amounting to $4.7 billion. Warner Bros. Discovery reported that advertising revenue decreased by 12%, while distribution revenue dipped by 9%. The company attributed these declines to a decrease in viewer numbers across their networks.

The income generated by the company’s film studios decreased approximately 18% to $2.3 billion, mainly because the previous year’s third quarter had blockbusters like “Dune: Part Two” and “Godzilla x Kong: The New Empire” in its theatrical schedule.

The earnings from streaming jumped by 8%, reaching a total of approximately $2.65 billion. This growth was fueled by a rise in distribution fees and advertising revenues, as more users signed up for platforms like Max.

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2025-05-08 14:56