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Warner Bros. Discovery Sees Streaming Subs Rocket To 110 Million As International Rollout Gathers Pace, But Q3 Revenues Dip With Box Office Down
Warner Bros Discovery added more than seven million net subscribers in Q3 2024 to reach 110.5 million, as its international Max rollout gathered pace.
Warner Bros Discovery added more than seven million net subscribers in the third quarter of 2024 as its international Max rollout gathered pace, but total revenues and earning both dipped versus 2023 as box office takings tumbled. The July-to-September quarter did not reflect two recent setbacks for WBD: the October release of Joker: Folie à Deux, the biggest movie flop of 2024; and the loss of NBA rights, which will take effect in 2025, after the current season. The streaming service’s planned August launch was scrubbed after a federal judge granted a request for a preliminary injunction by Fubo, a pay-TV provider suing Venu’s backers for antitrust violations.
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