Warner Bros. Discovery’s streaming business lost subscribers — and money — in the second quarter of 2023. The company shed 1.8 million streaming subs from April to June, which was the quarter when HBO Max and Discovery+ came together to form Max. The loss was not unexpected, and the company now has 95.8 million total streaming subscribers.
Warner Bros. Discovery Lost 1.8 Million Streaming Subs In Max Launch Quarter
Tony Maglio, IndieWire
Thu, 08/03/2023 - 4:15am
Topics: hbo max max the march president ceo david zaslav et though barbie wbd s pink wall street s in q1 warnermedia at&t inc the q3 q4 the max succession barry s the idol ben affleck matt damon s air amazon prime video evil dead rise bros april june discovery the the warner ebitda q1 zaslav barbie q2 flash quarter max launch million streaming subs billion company loss revenue business subscribers share merger cents total debt turned results profit
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