Warner Bros. Discovery saw “mixed” financial results in Q4, with revenue slipping 2% and adjusted EBITDA falling 11% but the streaming business adding 6.4 million subscribers, according to Dade Hayes of DEADLINE. WBD in its quarterly letter to shareholders “touted its ‘disciplined’ sports strategy, saying sports is an area where it is responding ‘tenaciously and creatively’ to ongoing pay-TV declines.” WBD argued that sports is an “example of the company’s effort to reckon with a changing landscape.” Hayes noted the changes have “come more quickly and dramatically than the management team was able to recognize,” including the loss of NBA rights. However, WBD said it has “entered into a far more efficient long-term relationship with the league,” which includes some international rights and continued production of “Inside the NBA” (DEADLINE, 2/27). WBD CEO David Zaslav said that the company is “more focused on maximizing its returns than acquiring more sports content” (CNBC.com, 2/27).