Warner Bros. Discovery said streaming platform Max added 7.2 million global customers during the third quarter, bringing its total subscriber base to 110.5 million. The media giant's streaming service has been growing its subscriber base at a fast clip ...

Warner Bros. Discovery swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers. Shares surged over 14% Thursday morning, on pace for their best day since January 2022 if gains holds through the session.

Investors pushed Warner Bros. Discovery stock to its highest levels in nearly nine months, rallying behind progress on its Max streaming business and the possibility that a Donald Trump administration could grease the wheels for industry consolidation.

Warner Bros. Discovery made profit progress in its streaming business during the latest quarter, despite pressures related to broadcasting the Olympics in Europe. WBD’s direct-to-consumer segment posted adjusted earnings before interest,