Warner Bros. Discovery sees streaming surge to 110M subs as global rollout ramps, but Q3 earnings dip amid box office blues.
beat sheet
Warner Bros. Discovery added over 7M new streaming subscribers in Q3, bringing their total to 110M as their international Max expansion gained steam.
Despite the streaming gains, the company's Q3 revenues and earnings dipped year-over-year as box office receipts plummeted, signaling ongoing challenges for the traditional film business.