Warner Bros. Discovery Streaming Business To Turn Profit A Year Early, Despite Overall Loss

Warner Bros. Discovery's streaming business turned a profit of $50 million, a year earlier than expected.
However, the company reported a net loss of $1.1 billion and a drop in revenue due to a 15% decrease in ad revenue and disappointing box office results.
Warner Bros. Discovery ended March with 97.6 million global streaming subscribers, ahead of estimates.
Its streaming unit swung to a $50 million profit, compared with a loss of $654 million in the year-ago period.
The company reported quarterly revenue of $10.7 billion, down 6 percent and roughly in line with analysts’ expectations.