CORRECTED-BUZZ-Warner Bros expects streaming unit to notch up 150 mln subscribers by 2026; shares up

Reuters
02-27
CORRECTED-BUZZ-Warner Bros expects streaming unit to notch up 150 mln subscribers by 2026; shares up

Corrects fourth bullet to say fourth-quarter loss was 20 cents per share, not 2 cents

** Shares of Warner Bros Discovery WBD.O rise 1.14% to $10.6 premarket

** WBD expects its streaming service business to reach at least 150 million users by 2026 vs est of 135.8 mln subscribers

** In Q4, WBD's streaming business added 6.4 mln direct to consumer subscribers, above estimates of 4.89 mln, per data compiled by Visible Alpha

** WBD reports Q4 revenue of $10.03 bln vs est of $10.19 bln - LSEG

** Co posts Q4 loss of 20 cents/shr vs est of profit of 1 cent/shr

** Up to last close, WBD stock had fallen ~1% in past 12 months

(Reporting by Priyanka.G in Bengaluru)

((priyanka.g@thomsonreuters.com;))

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