Warner Bros. Discovery's Barbie Boost Fails to Offset Streaming Subscriber Losses

Despite the success of Barbie, which became Warner Bros.' highest-grossing film of all time, Warner Bros. Discovery continues to struggle with financial losses and a decline in streaming subscribers. The company's debt from its recent merger and a 12% decline in advertising revenue contributed to the challenges. While streaming revenue saw some growth, the total number of subscribers decreased by 700,000. The decline may be attributed to the consolidation of content from Discovery+ into the rebranded streaming service Max. Warner Bros. Discovery is focusing on building new products for streamers while managing the decline of its cable networks.