Emma Roth
Warner Bros. Discovery’s streaming business turned a profit for the first time.
The company’s earnings report revealed that HBO, HBO Max, and Discovery Plus made $50 million in profit and added 1.6 million subs last quarter — even as the rest of the company suffered losses.
With Warner Bros. Discovery set to launch its Max service later this month, which will combine content from HBO Max and Discovery Plus, CEO David Zaslav once again reiterated plans to add news and sports:
While at launch, the Max offering will feature the full range of entertainment, this is really just the beginning. We are actively working on options to expand our lineup to include news and sports.
