NEW YORK Warner Bros. Discovery reported impressive gains in its global streaming subscriber numbers, adding more net Max subs than during any quarter since the streaming service launched. That boosted the company stock by more than 10% by 2 p.m. (ET) on Nov. 7 despite hefty Q3 declines in advertising and distribution revenue from its traditional pay TV networks.
Warner Bros. Discovery Hits 110.5 Million Global Streaming Subs
08/11/2024
NEW YORK Warner Bros. Discovery reported impressive gains in its global streaming subscriber numbers, adding more net Max subs than during any quarter since the streaming service launched. That boosted the company stock by more than 10% by 2 p.m. (ET) on Nov. 7 despite hefty Q3 declines in advertising and distribution revenue from its traditional pay TV networks.
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