Warner Bros. Discovery ended the fourth quarter, and 2025 as a whole, with more than 130 million streaming subscribers. The number includes those signed up to any of the company’s streaming services and platforms, including Discovery+, HBO, HBO Max, and Max.
Key Takeaways
- Warner Bros. Discovery’s global streaming subscriber base reached 131.6 million in Q4 2025, an increase of 3.5 million on Q3.
- With 59.2 million subscribers in the U.S./Canada and 72.4 million international subscribers, both domestic and international subscriber bases increased in Q4.
- The 131 million surpassed the company’s goal of reaching 130 million subscribers, and keeps the company on track to reach 150 million by the end of this year.
Considering Warner Bros. Discovery ended the third quarter of 2025 with 128 million streaming subscribers, the company managed to add around 3.5 million subscribers during the final three months of the year.
On a year-over-year basis, Warner Bros. Discovery ended 2024 with nearly 117 million DTC subscribers, resulting in a yearly increase of around 14.7 million streaming subscribers.
According to Warner Bros. Discovery, the 131.6 million subscribers now means the company has surpassed the 130 million target it established in August of 2022.
In early 2025, Warner Bros. Discovery said it expects to reach 150 million global DTC subscribers before the end of 2026.
Warner Bros. Discovery no longer provides itemized subscriber updates for each service so it remains unclear which services saw growth during the fourth quarter of the year.
In terms of the U.S. and Canada, Warner Bros. Discovery ended the fourth quarter of 2025 with 59.2 million domestic subscribers. This reflects an increase of 800,000 on the third quarter of last year, and an increase of around 2.1 million on the fourth quarter of 2024.
The remaining 72.4 million international subscribers reflects an increase of 2.4 million on the 70 million reported during the third quarter of 2025, and an increase of 12.6 million on the 59.8 million reported for the fourth quarter of the year before.
Along with the increase in subscribers, Warner Bros. Discovery also reported a 4% year-over-year increase in streaming revenues, with $2,794 million reported for the fourth quarter of 2025.
Warner Bros. Discovery also reported a 17% increase in advertising revenue, primarily driven by an increase in ad-lite subscribers.
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