David Zaslav Says Warner Bros Discovery’s Streaming Business Is “No Longer Bleeding”

has said the company’s U.S. streaming operation is “no longer bleeding” after it posted a $50M profit for Q1 this year. “It’s harder to run a business when you have a big bleeder,” he told investors on an earnings call minutes ago.

“When you run a business, you’re looking for growth, which we’re going to get in the streaming business and we’re striving to get throughout the company as the economy improves, but the key here is our U.S. streaming business is no longer bleeding.Warner Bros Discovery Posts Wider-Than-Expected Loss In Q1, But Notes "Meaningful Turn" Toward Streaming Profitability

Brand awareness, customer satisfaction and engagement would be the three further term metrics by which WBD will assess Max’s performance. “Over time, we obviously want to see subscriber growth and scale.”

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Warner Bros. Discovery stock falls after earnings missShares of Warner Bros. Discovery Inc. were falling more than 2% in premarket trading Friday after the media giant trailed expectations with its first-quarter...
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