Warner Bros. Discovery expects to finish year with more than 150M subscribers

Says expects to finish the year with more than 150M subscribers globally. Says seeing healthy acceleration in subscriber related revenue growth, which the company expects will pick up real pace in Q2 and through the rest of the year. Says slated to release up to 18 films in 2027. Says well positioned to achieve goal of at least $3B in annual WB Studios adjusted EBITDA. Says no event was more significant in Q1 than reaching an agreement for Paramount Global to acquire WBD at a cash price of $31 per share. Says shareholders clearly agreed that this offer represents outstanding value, as two weeks ago they voted to approve the sale to Paramount Global and Skydance. Says how content is made, how it is distributed, and how it is consumed is evolving with increasing velocity. Comments taken from Q1 earnings conference call.