Warner Bros. Discovery Faces Revenue Dip in Q4

Warner Bros. Discovery Inc. revealed a 2% decrease in its fourth-quarter revenue for fiscal 2024, totaling $10.02 billion. This performance fell short of analysts' expectations, marking a challenging period for the entertainment conglomerate.

Financial Performance Overview

The company reported a net loss of $494 million, an increase from the $400 million loss in the same quarter the previous year. Diluted loss per share also rose to $0.20 from $0.16. Despite these financial setbacks, Warner Bros. Discovery experienced a positive uptick in its subscriber base, adding 6.4 million new subscribers compared to the prior quarter.

Looking Ahead

Warner Bros. Discovery has chosen not to disclose any forecasts for the upcoming year, 2025, leaving investors and market analysts in anticipation of the company's next moves. Following the earnings report, the company's shares saw a slight increase of 0.19% in premarket trading, reaching $10.52 per share.