Warner Bros. Discovery Adds 3.1 Million Streaming Subs in Q4, Ended 2025 With 131.6 Million
February 26, 2026
Warner Bros. Discovery Feb. 26 reported a gain of 3.1 million streaming video subscribers in the fourth quarter (ended Dec. 31, 2025), concluding the period with 131.6 million subs. Streaming includes Discovery+, HBO premium linear television and HBO Max.
WBD had 128 million streaming subscribers through the end of the previous-year fiscal period ended Sept. 30, 2025. The media company had 116.9 million streaming subs at the end of 2024.
Domestic streaming subscribers added 2.1 million subscribers to end the year with 59.2 million subs, up from 57.1 million subs at the end of 2024. International subs added 12.6 million to reach 72.4 million, up from 59.8 million subs in 2025 as WBD continues the international rollout of HBO Max in Germany and Italy.
WBD, which said it remains on track to reach 150 million streaming subscribers by the end of the year, will stop reporting quarterly subscriber data beginning with the fiscal period ending March 30 — a trend begun by Netflix and now emulated by Disney.
Streaming segment revenue increased 5% to $2.8 billion, from $2.65 billion in the previous-year period. Fiscal year revenue inched up 5% to $10.8 billion, from $10.3 billion in 2024.
During the quarter, HBO Max released such original series as”It: Welcome to Derry,” “The Chair Company,” “I Love LA” and “Heated Rivalry.”
“It: Welcome to Derry” averaged more than 27 million global viewers per episode. Additionally, “Heated Rivalry” became the No. 1 first-run acquired scripted series in HBO Max history with an average of 13 million global viewers per episode.
“We also continue to expand our original programming outside the U.S., demonstrated by the fourth quarter release of our scripted drama ‘Heaven’ in Poland, which is now the second most watched HBO Max local original series ever in the country,” read a WBD post.
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