Optimistic Outlook Boosts Warner Bros. Discovery Shares

Warner Bros. Discovery Inc. experienced a significant surge in its shares, jumping over 10% on Thursday. This leap came after the company disclosed its fourth-quarter results, which were softer than expected, but coupled with an optimistic outlook on its Max subscription service.

Ambitious Subscriber Growth Target

In a letter to shareholders, Warner Bros. Discovery outlined its vision for growth, projecting to reach at least 150 million global subscribers by the end of 2026. This projection represents a 28% increase from the 116.9 million subscribers recorded at the close of 2024.

By 2:18 pm ET, the company's shares had climbed to $11.5550, marking a 10.1% gain.