HBO grows to 76.8 million subscribers as Netflix stories a decline

HBO and HBO Max had 76.8 million subscribers on the finish of the primary quarter of 2022, former mother or father firm AT&T reported Thursday.

That marks a 3 million subscriber improve from the earlier quarter and a 12.8 million year-over-year improve. Home common income per person, or ARPU, reached $11.24, up from $11.15 final quarter.

The information comes shortly after Netflix reported its first subscriber loss in additional than a decade. Netflix’s disappointing earnings report Tuesday night despatched the inventory plunging 35% on Wednesday, wiping $50 billion from its market cap. Netflix has about 222 million paying households, however it estimates 100 million households are sharing passwords.

Netflix pointed to elevated competitors and diminished pandemic restrictions that had stored many customers glued to their screens as contributing to the slowdown.

Although AT&T reported the HBO outcomes, WarnerMedia, the corporate that owns HBO, is now part of Warner Bros. Discovery. The newly merged firm will report HBO outcomes for the following quarter.

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