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Warner Bros. Discovery reports Q4 revenue down 1%, but streaming subscriber growth boosts stock 10%.
Warner Bros.
Discovery (WBD) reported a 1% drop in Q4 revenue to $10.03 billion, missing analyst expectations.
Despite a decline in advertising and linear TV revenue, the company saw growth in streaming with the addition of 6.4 million subscribers, totaling 116.9 million.
WBD aims to reach 150 million subscribers by 2026 and projects streaming profits to double in 2025.
The company's stock rose 10% on an optimistic outlook for its streaming business.
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Warner Bros. Discovery informa que los ingresos del cuarto trimestre cayeron un 1%, pero el crecimiento de suscriptores de streaming impulsa las acciones un 10%.