Strong Q4 Results And Positive Outlook Boost Stock

Warner Bros. Discovery Stock Rises on Strong Earnings

Strong Q4 Results and Positive Outlook Boost Stock

Key Points:

• Warner Bros. Discovery (WBD) reported strong fourth-quarter results, beating analyst expectations.
• Revenue increased by 10% to $11.03 billion, driven by growth in streaming and content licensing.
• Net income surged by 36% to $2.13 billion.
• The company also announced a positive outlook for 2023, with revenue growth expected to continue.

Warner Bros. Discovery's stock (WBD) has risen sharply in premarket trading following the release of its strong fourth-quarter earnings report. The company reported revenue growth, boosted by its streaming services and content licensing, as well as a significant increase in net income. The positive outlook for 2023 has also boosted investor confidence in the company's future prospects.

The company's streaming revenue grew by 14% to $2.4 billion, driven by growth in its HBO Max and Discovery+ services. Content licensing revenue also increased, driven by demand for the company's content from other streaming services and broadcasters.