Warner Bros Q4 Earnings: Studios Revenues Grow 16%, Max Subscribers Surge, Eyes 150 Million Subscribers By 2026
1. WBD's Q4 revenue declined 1% year-on-year to $10.03 billion. 2. EPS loss of 20 cents missed estimates of a 5 cent gain. 3. Total DTC subscribers reached 116.9 million, driven by international launches. 4. Company generated $2.72 billion operating cash flow this quarter. 5. WBD stock rose 6% premarket after the earnings report.