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Warner Bros. Discovery (WBD) Q4 FY24 earnings call

Earnings call· Dec 2024 (Q4 FY24)· Communication Services· Feb 27, 2025

Source: earnings call transcript

Warner Bros. Discovery concluded Q4 FY24 with significant progress in its strategic transformation, driven by robust global direct-to-consumer subscriber growth and substantial EBITDA improvement. The company implemented a new corporate structure to enhance strategic flexibility and unlock shareholder value, while navigating linear TV headwinds through successful affiliate renewals and a disciplined approach to sports rights. Management remains focused on long-term asset value creation and continued cost efficiency.

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WBD operating KPIs by quarter

WBD operating KPIs stated on its earnings calls, by fiscal quarter
KPIThis call Dec 2024 Q4 FY24 Mar 2025 Q1 FY25Change vs prior quarter
Paid subscriber net additions Direct-to-Consumer
~6.5M We 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
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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.