Warner Bros. Discovery forecasts streaming profits to double, sending shares higher
1. WBD expects streaming profits to double and aims for 150 million subscribers by 2026. 2. Shares rose over 9%, despite a surprise fourth-quarter loss. 3. The company is separating cable TV businesses from streaming for broader opportunities. 4. Global expansion includes launching Max in Australia and several European countries. 5. Adjusted EBITDA exceeded expectations, showing strength in streaming despite cable TV declines.