Warner Bros. Discovery adds 5.3 million streaming subscribers in Q1
Warner Bros. Discovery said that his loss of the first quarter of the period of the year has limited because it has added more than 5 million subscribers to his streaming services around the world. Nevertheless, the company had to compete with dips in all its traditional income flows, including advertising and distribution, more evidence that it continues to struggle with a difficult operational environment for the media sector.
The owner of the TNT, TBS and CNN cable networks and the Max Streaming Service said that the net loss of $ 453 million came, compared to $ 966 million in the period of the year. Turnover in the first quarter fell by 10% to $ 8.97 billion.
In a letter to the shareholders, the company said that it saw a new momentum of the shows it created, including “The Pitt” and “The Last of Us”, but noticed that “our first quarterly film Slate UnderPerformed expectations” and that TV networks had to deal with a “challenging and uncertain environment.”
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