Strong Growth in Direct-to-Consumer Business
Warner Bros. Discovery's direct-to-consumer business ended 2024 with about 117 million subscribers, adding 6.5 million subscribers in Q4 and nearly 20 million in less than a year. The segment contributed almost $700 million in EBITDA, a $3 billion improvement in two years.
Successful Affiliate Agreements
The company struck multi-year renewal agreements with five of the six largest pay TV providers in America, securing rate increases and providing stability to the linear business.
International Expansion Plans
Warner Bros. Discovery plans to launch in key markets like the U.K., Italy, Germany, and Australia, aiming for at least 150 million subscribers by the end of 2026.