WBD Warner Bros. Discovery (WBD) Q3 FY25 earnings call
Warner Bros. Discovery is executing its transformation strategy, focusing on re-establishing studio leadership, scaling HBO Max globally, and optimizing linear networks. The company has achieved significant milestones in box office performance and streaming profitability, while also actively reducing debt. Management is evaluating strategic alternatives for the company's structure, including a potential separation of Discovery Global.
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WBD operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Change vs prior quarter |
|---|---|---|---|
| Paid subscriber net additions Direct-to-Consumer | ~6.5MWe added about 6.5 million subscribers in the fourth quarter and nearly 20 million subscribers in less than a year.Source: earnings call transcript | 5M+And in the first quarter, we gained over 5 million subscribers and delivered $339 million in EBITDA.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.