Warner Bros. Discovery Stock Rises as Upbeat Outlook Outweighs Soft Results

Core Insights - Warner Bros. Discovery reported a net loss per share of $0.20 on revenue of$10.03 billion, missing analyst expectations of a profit of $0.02 per share and revenue of$10.22 billion [1] - Despite the weaker-than-expected results, shares rose in premarket trading due to an optimistic outlook for its streaming service [1] Streaming Service Expansion - The company plans to expand its Max streaming service to more countries, aiming for at least 150 million global subscribers by the end of 2026, with strong growth in Direct-to-Consumer revenue and Adjusted EBITDA [2] - As of the end of the fourth quarter, Warner Bros. Discovery had 116.9 million Direct-to-Consumer subscribers [2] Strategic Restructuring - Warner Bros. Discovery is restructuring its operations into two segments: one for television networks (e.g., CNN, TBS, TNT) and another for film studios and the Max service [3] - The company expects to complete this restructuring by the second quarter [3] - Shares of Warner Bros. Discovery rose 5% in premarket trading, continuing a trend where shares increased by about 20% over the last 12 months [3]