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Warner Bros. Discovery Grows DTC Profit to $289M, Streaming Subs to 110.5M, Led by Olympics
The Hollywood ReporterStory by Georg Szalai
scrn logline
Warner Bros. Discovery grows its streaming subscriber base to over 110 million, driven by the Olympics and new content releases.
beat sheet
- The company's direct-to-consumer (DTC) unit, which includes Max and Discovery+, reported a $289 million profit, a significant jump from the $111 million profit a year ago.
- WBD's third-quarter studios segment faced challenges, but the company's networks segment continued to be affected by cord-cutting and advertising issues, leading to a $9.1 billion goodwill impairment charge.
call sheet
David Zaslav, Warner Bros. Discovery, Charter Communications, Beetlejuice Beetlejuice, Trap