Entertainment

AT & T outperforms Wall Street’s quote, despite the expected HBO Max hit from Amazon Shift.Subscriptions will drop to 45.2 million in the US, but reach 69 million worldwide – deadline

AT & TThird-quarter results exceeded Wall Street’s estimates, despite expected losses. HBO Max US subscribers due to shift from Amazon channel..

The total revenue of the major telecommunications companies was $ 39.9 billion, an increase of 14% over the same period last year. Diluted earnings per share more than doubled from 2020 to 82 cents. Analysts surveyed by Refinitiv expected revenue of $ 39.1 billion (meaning high other consensus figures and a slight loss of revenue) and revenue of 78 cents.

HBO Max, which launched globally in June, combined with HBO, grew from 67.5 million in the previous quarter to 69.4 million. Domestically, it fell from 47 million subscribers in the previous quarter to 45.2 million in the period ending September 30. The decline in customers is extremely rare overall. Streaming The competition was signaled months before the company pushed for a relocation of its streaming presence on Amazon.

HBO Max is now available as a standalone app on Amazon Fire TV instead of being packaged as part of Amazon Channels, which keeps customer data under Amazon control while expanding the app’s exposure. The new status means that WarnerMedia and AT & T, the parent of a pending merger with Discovery until regulatory approval, can optimize customer data over time. Launched in May 2020, HBO Max did not secure distribution on Amazon until the end of 2020. Together with Roku, Amazon is the leading streaming gateway, serving more than 50 million US households.

AT & T said in a statement that streaming services will reach the projected ceiling of 70-73 million subscribers by the end of 2021. (The forecast for 2025 is 120 million and 150 million.)

WarnerMedia’s revenue increased 14% from a year ago to $ 8.4 billion. This is due to AT & T offering increased subscriptions and content license credits. Direct sales subscription revenue increased by more than 25%. Average revenue per user (ARPU) was $ 11.82 for HBO Max and HBO in the country, down slightly from $ 11.90 in the previous quarter. ARPU outside the United States tends to be much lower.

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AT & T outperforms Wall Street’s quote, despite the expected HBO Max hit from Amazon Shift.Subscriptions will drop to 45.2 million in the US, but reach 69 million worldwide – deadline

Source link AT & T outperforms Wall Street’s quote, despite the expected HBO Max hit from Amazon Shift.Subscriptions will drop to 45.2 million in the US, but reach 69 million worldwide – deadline

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