WarnerMedia’s HBO Max sees subs soar but division loses $960m

WarnerMedia owner AT&T has revealed the ongoing damage to its earnings caused by the global pandemic, but also posted better news about the uptake of its recently launched streamer.

Unveiling the results, AT&T said HBO Max had added 8.6 million subscribers through Q3, more than doubling the 4.1 million it attracted in the second quarter.

Source: WarnerMedia’s HBO Max sees subs soar but division loses $960m