Warner Bros. Discovery Sees Streaming Subs Rocket To 110 Million As International Rollout Gathers Pace, But Q3 Revenues Dip With Box Office Down
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Warner Bros. Discovery's streaming service, Max, saw a significant increase in subscribers, reaching 110 million due to international expansion. However, the company's Q3 2024 revenues and earnings declined compared to 2023, partly due to a decrease in box office performance.
November 07, 2024 | 12:30 pm
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Warner Bros. Discovery's streaming service, Max, gained over 7 million subscribers in Q3 2024, reaching 110 million, driven by international expansion. Despite this growth, the company's revenues and earnings declined compared to 2023, affected by a drop in box office performance.
The significant increase in subscribers is a positive sign for Warner Bros. Discovery's streaming segment, indicating successful international expansion. However, the overall decline in revenues and earnings, influenced by a weaker box office, suggests potential short-term pressure on the stock price.
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