Warner Bros. Discovery: DTC Streaming Segment Reports First Annual Profits

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Warner Bros. Discovery hit a financial milestone in its streaming efforts with the company reporting its first annual profit for its direct-to-consumer streaming segment in its 2023 financial results. 

For Q4, WBD reported a $55 million loss in EBITDA (earnings before interest, depreciation and amortization), but reported a $103 million in profits for the full 2023 financial results.