Warner Bros. Discovery forecasts big jump in…
Warner Bros. Discovery stated it expects streaming earnings to double this 12 months and forecast no less than 150 million subscribers for the business by 2026, setting a daring goal because it advantages from the international rollout of Max and tight price controls.
Shares of the company rose more than 9% to $11.49 on Thursday as traders shrugged off a shock loss for the fourth quarter on account of ongoing declines in its conventional tv business and weaker advert gross sales.
The outcomes are the primary because the company determined in December to separate its cable TV companies from streaming and…
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