On a combined basis, HBO and streaming service HBO Max added 2.7 subscribers in the first quarter, WarnerMedia parent AT&T reported. The solid returns on streaming helped the telco and media giant beat Wall Street expectations in the quarter. Adjusted earnings of 86 cents a share rose 2% and beat analysts' consensus forecast of 78 cents. Total revenue hit $43.9 billion, up almost 3% and also ahead of the Street number. HBO Max, the nearly year-old service available at no extra cost to HBO subscribers, propelled the overall HBO number to 44.2 million subscribers. Average revenue per user was $11.72. Of the 44.2 million total subscribers, about 9.7 million were designated as retail, meaning customers who came in through distribution partners like Roku, Apple TV or dozens of others. Related Story Quibi Titles Will Be Renamed Roku Originals Under New Streaming Banner Debt continues to be a concern about AT&T among many investors, and the company has struggled to chip away at it since acquiring Time Warner for $85 billion in 2018. Net debt in the quarter rose to $169 billion from $148 billion in the fourth quarter of 2020, largely due to payments related to a C-band spectrum auction…. Read full this story
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HBO And HBO Max Add 2.7M Subscribers In Q1, AT&T Reports As It Beats Wall Street Earnings Expectations have 281 words, post on deadline.com at April 22, 2021. This is cached page on Movie Breaking News. If you want remove this page, please contact us.