HBO Max closed 2021 with 46.8 million domestic subscribers when combined with linear HBO, up 5.3 million over 2020, parent AT&T disclosed in its fourth-quarter earnings report.Globally, subscriber levels were 73.8 million, as the company had reported earlier this month.
Before today, the company had not provided a domestic-international breakdown for HBO and HBO Max. Domestic revenue per subscriber was $11.15.AT&T is about to merge WarnerMedia with Discovery in a $43 billion deal that is awaiting the final blessing of regulators.
In its earnings release, AT&T said it now expects the transaction to close in the second quarter, which is sooner than the mid-2022 guidance it had given since proposing the deal in May 2021.The parent company beat Wall Street estimates for the fourth quarter, with adjusted earnings of 78 cents share coming in two cents ahead of forecasts.
Revenue reached $41 billion, which was down 10% from $45.7 billion in the prior-year period but ahead of estimates for $40.4 billion.At WarnerMedia, revenue increased 15% in the quarter to $9.9 billion, with direct-to-consumer subscription revenue climbing 11.5%.HBO Max launched in May 2020 and WarnerMedia rolled it out internationally in June 2021.
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