According to the latest earnings report from Warner Bros. Discovery, the company now has 96.1 million subscribers across its various streaming services.
The overall streaming division hit total revenue of $2.5 billion but still posted $217 million in losses.
- The losses were largely tied to restructuring costs and writedowns related to the merger of WarnerMedia and Discovery.
- With this restructuring complete, Warner Bros. Discovery executives will now focus on maintaining its linear and theatrical businesses while pushing streaming into profitability.
- Advertising revenue for the quarter hit $2.3 billion; WB Discovery's broadcast TV advertising business declined 17% vs. the year before.
- The combined HBO Max/Discovery+ streaming service will launch on April 12.
