Financial Performance Overview

Warner Bros. Discovery Inc. disclosed its financial results for the fourth quarter of fiscal 2024, revealing a revenue of $10.02 billion. This represents a 2% decrease from the previous year's figures, falling short of what analysts had anticipated.

Losses and Subscriber Growth

The company reported a net loss of $494 million, a significant increase from the $400 million loss recorded in the same period last year. Despite the financial setbacks, Warner Bros. Discovery experienced a notable increase in subscribers, adding 6.4 million compared to the previous quarter.

Future Outlook

Looking ahead to 2025, Warner Bros. Discovery has chosen not to provide any specific forecasts or expectations. This decision comes amidst the company's efforts to navigate through its current financial challenges and strategize for future growth.

Market Reaction

Following the announcement, the company's stock saw a slight uptick of 0.19% in premarket trading, with shares trading at $10.52 each. This subtle market response indicates a cautious optimism among investors regarding the company's future prospects.