Warner Bros. Discovery's Streaming Revenue Comes Largely From Max as Cable Assets Remain Key to DTC Strategy | Charts

Gabriel Negreanu

Warner Bros. Discovery (WBD) reported earnings last week with largely positive news for its direct-to-consumer (DTC) streaming business. In Q3 2024, the company saw its largest quarter-on-quarter growth in subscribers, increasing to to 110.5 million subscribers globally from 103.3 million in Q2. This translated to a 9% revenue growth for the DTC segment, which was largely driven by growing subscribers in international markets. While the company appears to be gaining momentum in its streaming