Axing all those shows and movies paid off, apparently.
over the past few months, according to the company’s Q4 2022 earnings report. The combined company earned $11 billion in revenue this past quarter.
“It’s working in an increasingly challenging environment,” Zalslav affirms. “It’s working on direct-to-consumer — we are making meaningful progress on our goal to achieve real profitability in streaming... It’s working, and our new studio heads are hard at work putting their unmatched creative stamp on our future slate.”
HBO, HBO Max, and Discovery Plus added just 1.1 million global subscribers combined, bringing Warner Bros. Discovery’s total number of subscribers to 96.1 million across all its services. Although revenue in the company’s streaming segment increased by 6 percent last quarter, the division still posted a loss of around $217 million.
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