business / news / / Reuters
Warner Bros Discovery and Paramount+ would have more than 220 million streaming subscribers.
Warner Bros Discovery now projects to surpass 150 million global streaming subscribers by year-end.
KEY POINTS
- The streaming unit posted a 9% revenue growth to $2.89 billion, exceeding analyst expectations.
- Aggressive international expansion, including UK and Ireland launches, drove a 10% rise in subscriber revenue.
- Advertising revenue fell 7% due to loss of NBA content and domestic linear TV audience declines.
COMPANIES
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