
Warner Bros. Discovery reported a surprise profit in its third-quarter earnings, posting earnings per share of $0.05, surpassing analyst estimates of a loss of $0.11. The company's total revenue was $9.62 billion, slightly below the expected $9.8 billion and down 3% year-over-year. Adjusted EBITDA decreased by 18% year-over-year to $2.41 billion. The streaming division saw significant growth, with the Max streaming service adding 7.2 million subscribers, the largest single-quarter increase, bringing the total to 110.5 million subscribers and exceeding estimates. The streaming segment posted an adjusted EBITDA of $289 million, up from $111 million in the prior year quarter. Despite challenges in the studio division, including a 17% decline in studio revenue to $2.68 billion, the company's strong streaming performance contributed to the positive earnings.
Paramount Global reported its third-quarter financial results — including a swing to a streaming profit from a year-ago loss — on Friday in the Hollywood conglomerate’s second earnings report since its sale to Skydance Media was unveiled https://t.co/AI13G0PCRn
Paramount revenue misses as cable, studio declines dull streaming gains https://t.co/nFUbRlJgxF https://t.co/Qim0v8yulT
Paramount had a strong Q3 with 3.5M new Paramount+ subscribers and 25% YoY revenue growth, driven by the return of the NFL and UEFA. Total revenue reached $6.73B, with a $337M profit. #Paramount #Streaming #NFL https://t.co/S50nmhlLA0




















