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TV Tech
TV Tech
George Winslow

Warner Bros. Discovery Streaming Subs Hit 97.6M

Discovery DTC
Warner Bros. Discovery

NEW YORK—As Warner Bros. Discovery prepares to launch its combined streaming service on May 23, the company reported Q1, 2023 earnings that showed the heavily indebted firm is making progress on its plans to cut streaming costs and reduce losses while continuing to retain and attract new direct-to-consumer subscribers. 

Based on those positive trends, the company also said that it now expects its U.S. direct-to-consumer (DTC) segment to be profitable in 2023, a year ahead of its previous guidance. 

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