Most investors tuning into the Warner Bros. Discover earnings call on August 4 were looking for exciting news about the new streaming service the company plans to debut. However, management quickly turned the tone of the call focusing on how they are one of the leading players in the content business and a diversified media company focused on many different areas.
It came as no surprise that Warner Bros. Discovery WBD announced on their earnings call that they will combine HBO Max and Discovery +, however, the company did put out guidance that they plan to grow the service from 92 million subscribers now to 130 million by 2025. They expect cash flow from streaming to be profitable in the U.S. in 2024 and generate $1 billion in EBITDA in 2025. However, they cautioned that they would “have healthy content investment,” but it would
Keep reading this article on Forbes Business.