Receipt

    Filed September 2, 2026

    Too early to tell.

    The short version

    David Zaslav predicted on February 27, 2025: “The Q4 2024 shareholder letter forecast roughly $1.3 billion in 2025 streaming adjusted EBITDA - about double 2024's $677 million - and said WBD has a "clear path" to 150 million global streaming subscribers by the end of 2026.” Verdict: Too early to tell. Too early - test window open through December 2026.…

    Prediction by

    David Zaslav

    On February 27, 2025

    The Q4 2024 shareholder letter forecast roughly $1.3 billion in 2025 streaming adjusted EBITDA - about double 2024's $677 million - and said WBD has a "clear path" to 150 million global streaming subscribers by the end of 2026.

    Follow-up

    Too early - test window open through December 2026. Needs roughly 33 million net adds over eight quarters; WBD added 19 million in 2024. Recheck at each quarterly report.

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    From the High Caliber AI network — see the AI for PR module in the course.