Warner Bros. Discovery Sees Max Hit 116.9 Million Subscribers As Streaming Posts Profit, Cable Networks' Ad Revenue Falls 17%
Warner Bros. Discovery linear networks continued to lose ground amid ongoing challenges, weighing on the fourth quarter.
Warner Brothers Discovery 4Q Rev Declines as Subscriber Gains Are Offset by Cable, Advertising Weakness
Dragging down its top-line were declines in advertising, which retreated 12% to $1.83 billion from $2.09 billion. Warner Brothers attributed the decline to growth in its streaming subscribers with ...