Warner Bros. Discovery posted a fourth-quarter loss as the company grappled with $1.9 billion in charges and restructuring expenses, even as the company added 4.6 million subscribers to its streaming outlets.

Warner Bros. Discovery posted a bigger loss than Wall Street was expecting Thursday, as a slump in advertising spending dragged on revenue for its TV networks. But investors didn’t appear too fazed by the media conglomerate’s latest results,

Warner Bros. Discovery linear networks continued to lose ground amid ongoing challenges, weighing on the fourth quarter. Revenue eased 1% to $10 billion, shy of Wall Street forecasts. Net Some $1.9 billion charges including restructuring expense hit the bottom line as the company swung saw a $640 million loss for the last three months of

The Hollywood giant, led by CEO David Zaslav, disclosed a $9.1 billion networks unit impairment charge for 2024 and outlined a path to 150 million streaming subs by the end of 2026.