Warner Bros Discovery (WBD) has made waves in the world of direct-to-consumer (DTC) subscriptions, announcing that its global subscriber base has now reached a staggering 96.1 million.

This represents an increase of 1.1 million since the end of Q3, demonstrating the company’s continued success in this rapidly growing market.

Despite this achievement, WBD also reported US$217 million in streaming losses for the fiscal fourth quarter of 2022.

However, the company’s revenue from streaming hit US$2.45 billion, a 6% year-over-year (YoY) increase, indicating a strong underlying business model.

The breakdown of WBD’s streaming revenue reveals some interesting trends. Advertising revenue increased 75% YoY, demonstrating the company’s ability to monetize its platform through targeted advertising.

Distribution revenue grew two per cent, while content revenue increased by 28%, highlighting the importance of WBD’s original programming.

Operating expenses decreased 12% to US$2.67 billion, demonstrating WBD’s commitment to operating efficiently in a competitive market.

The company’s networks segment also recorded impressive results, with adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of US$2.48 billion.