HBO Max/HBO Gain 3 Million Subscribers in Q1, WarnerMedia Profit Pinched by Streaming Investments in Final Quarter With AT&T

AT&T, in its Wall Street swan song as an entertainment entity, reported solid subscriber pickup for HBO Max and HBO for the first quarter of 2022. The now-divested WarnerMedia unit was again a drag on profitability because of continued investments in HBO Max and the launch of CNN+ — reflecting a key reason AT&T spun it off. WarnerMedia is now part of Warner Bros. Discovery, after AT&T divested the media division and officially merged it with Discovery earlier this month. But for the first three months of the year, WarnerMedia was still part of AT&T. Worldwide, HBO Max and HBO… Read Full Article