Warner Bros. Discovery's Financial Performance in Q4 2024

Warner Bros. Discovery Inc. revealed its financial outcomes for the fourth quarter of fiscal 2024, showcasing a revenue of $10.02 billion. This figure represents a 2% decrease from the previous year, falling short of analysts' expectations.

The company reported a net loss of $494 million, an increase from the $400 million loss in the same period last year. The diluted loss per share was $0.20, compared to $0.16 in the fourth quarter of the previous year.

Subscriber Growth and Future Outlook

Despite the financial downturn, Warner Bros. Discovery experienced a significant increase in subscribers, adding 6.4 million compared to the previous quarter. However, the company has chosen not to disclose any forecasts for the year 2025, leaving investors and analysts in anticipation.

Following the announcement, shares of Warner Bros. Discovery saw a slight increase of 0.19% in premarket trading, reaching $10.52 per share.