Warner Bros. Stock Surges as Streaming Growth Drives Surprise Profit

Warner Bros. Stock Surges as Streaming Growth Drives Surprise Profit · The Wall Street Journal

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Warner Bros. Discovery swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers. The entertainment conglomerate added 7.2 million direct-to-consumer subscribers globally in the third quarter from the second quarter, its largest growth since the Max streaming service launched. Warner Bros. posted a profit of $135 million, or five cents a share, for the three months ended Sept. 30.