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HBO and HBO Max added 3 million users last quarter despite Netflix’s losses

While Netflix is hugging the headlines for losing subscribers for the first time in the last quarter, not all streaming platforms were struggling. AT&T has just revealed that HBO added almost 3 million subscribers during the same period.

ATT&T may have transferred ownership of HBO and the whole of WarnerMedia to Discovery, but it still has the first quarter of 2022 to report. The report has shown that while Netflix was busy losing subscribers, HBO was doing the opposite and in bigger numbers. Compared the Netflix, which lost about 200,000 users, HBO welcomed nearly 3 million new subscribers to its streaming platform. Last year, the platform got 13 million new accounts.

Altogether, HBO and HBO Max had 76.8 million users. This number is still small compared to Netflix’s 222 million subscribers or Disney Plus’ 130 million. However, HBO seemingly recorded more growth percentage-wise.

According to AT&T’s Q1 2022 report, “At the end of the quarter, there were 76.8 million global HBO Max and HBO subscribers. Global HBO Max and HBO subscribers increased 12.8 million year over year and were up 3.0 million sequentially, primarily driven by international as well as domestic retail subscriber gains reflecting strength of the programming slate. At the end of the quarter, there were 48.6 million domestic HBO Max and HBO subscribers versus 44.2 million in the year-ago quarter, up 4.4 million year over year.”

The company earned $38.1 billion in revenue in the quarter, down 13.3 percent compared to Q1 2021, but the report tied the loss to the impact of its divested businesses. It could have been more, but revenue was augmented by higher Mobility income.

Operating income stood at $5.6 billion, down from $7.7 billion a year ago, which AT&T says is due to the reason given above.

The network operator added 691,000 postpaid phone lines.

“Our momentum in growing customer relationships is reaching historical levels,” said John Stankey, AT&T CEO. “We had our best first quarter for postpaid phone net adds in more than a decade and our fiber broadband net adds remain consistently strong. Our results, including free cash flow, are in line with our expectations toward delivering on the full-year guidance provided at our recent Analyst Day.

“AT&T has entered a new era, meeting this opportunistic moment from a position of flexibility and strength thanks to our evolving networks, enhanced customer experience, growing 5G and fiber customer base and a much stronger balance sheet. And we continue to make good consistent progress on our journey to becoming America’s best broadband provider.”

Written by HackerVibes

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