On a combined basis, HBO and HBO Max added 2.7 subscribers in the first quarter, WarnerMedia parent AT&T reported.The solid returns on streaming helped the telco and media giant beat Wall Street expectations in the quarter.
Adjusted earnings of 86 cents a share rose 2% and beat analysts’ consensus forecast of 86 cents.Total revenue hit $43.9 billion, up almost 3% and ahead of the Street number.HBO Max, the nearly year-old streaming service available at no extra cost to HBO subscribers, propelled the overall HBO number to 44.2 million subscribers.
Average revenue per user was $11.72.Last year, WarnerMedia decided to give HBO Max additional ammunition by putting Warner Bros movies on the service at the same time they debut in theaters.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.