1 year ago
Warner Bros. Discovery reported its second-quarter net results Thursday, revealing that it dropped in 1.8 cardinal streaming subscribers crossed HBO, Discovery+ and its caller mixed streaming work Max. The institution now has a full of 95.8 cardinal users, compared to 97.6 million in The first quarter.
“The migration to Max has gone exceedingly good pinch The overwhelming mostly of subscribers in The US successfully transferred,” WBD CEO David Zaslav said during The net call, arsenic an effort to reassure investors. “While we person seen immoderate expected subscriber disruption, we person knowledgeable lower-than-expected churn passim this process.”
The 2nd 4th covers from April 1 to June 30, truthful though Q2 marks The first clip The institution has included Max subscriber totals, The 3rd 4th will beryllium erstwhile Max results are afloat a factor.
Max, The mixed HBO Max/Discovery+ streamer, launched connected May 23. In The first week, 70% of existing HBO Max subscribers transitioned to Max, J. B. Perrette, WBD’s world streaming president, precocious told The Wall Street Journal.
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