Optimistic Outlook Boosts Warner Bros. Discovery Shares

Despite reporting softer-than-expected fourth-quarter results, Warner Bros. Discovery Inc. witnessed a significant surge in its shares, jumping over 10% on Thursday. The entertainment giant shared an optimistic outlook for its Max subscription service, sparking investor interest.

Ambitious Subscriber Growth Target

In a letter to shareholders, the company outlined a clear path to achieving at least 150 million global subscribers by the end of 2026. This ambitious target represents a 28% increase from the 116.9 million subscribers recorded at the end of 2024, showcasing the company's confidence in its growth strategy.

At 2:18 pm ET, Warner Bros. Discovery's shares were trading at $11.5550, marking a 10.1% increase from the previous close.