Warner Bros. Discovery Adds 5.3 Million Streaming Subscribers in Q1, Narrows Loss
In a recent statement, the proprietor of TNT, TBS, CNN cable channels and Max streaming platform reported a reduced net loss of $453 million compared to last year’s $966 million. Their first-quarter revenue dropped by 10% to reach approximately $8.97 billion.
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The owner of TNT, TBS, CNN cable networks and Max streaming service declared a significant decrease in net loss for the quarter, from $966 million last year to $453 million this year. Their revenue for the first quarter fell by 10%, reaching around $8.97 billion.