Unlike its direct competitor, Netflix, HBO have a great time. HBO and HBO Max reached 76.8 million subscribers in March 2022 worldwide. Only in the first quarter of this year, 3 million subscribers received services.

According to ATTgroup owner Warner Bros. Opening, HBO Max hit 12.8 million subscribers compared to March 2021. In the United States alone, the brand reached 48.6 followers. This is 4.4 million more than a year earlier.

It’s important to remember that Warner Bros. The discovery was formed by the merger WarnerMedia and Discovery Inc.completed April 8, 2022 The company name is a combination of Warner Bros. film studio and pay TV network Discovery Channel. AT&T owns 71% of the company and the rest is owned by Discovery Inc..

In the first quarter of 2022, revenue was $8.7 billion, up 2.5% from the previous year. This value was driven by higher subscription revenues, higher content revenues, and other revenues, which were partly offset by lower ad sales. $4 subscription revenue rose 4.4%, mostly reflecting the growth of HBO Max.

With content and other earnings from Warner Bros. Discovery earned $3.1 billion, up 3.4% this quarter. This figure rose due to higher film and HBO Max licenses, offset in part by lower TV licenses.

Investors studied the numbers last Thursday (21). The executives were suspicious after all the problems that Netflix faced last week. The streaming giant posted lower-than-expected numbers, losing 200,000 subscribers.

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Source: Deadline