HBO Max, HBO Gain 1.9 Million Subscribers in Q3 as International Offsets U.S. Drop

HBO Max, HBO Gain 1.9 Million Subscribers in Q3 as International Offsets U.S. Drop
WarnerMedia’s U.S. direct-to-consumer business took a hit in the third quarter, as it lost a net 1.8 million HBO and HBO Max customers after its deal with Amazon to carry HBO expired in mid-September.

But an uptick in Latin America markets more than made up the difference: Worldwide, there were 69.4 million global HBO Max and HBO subscribers at the end of Q3, up 1.9 million sequentially (and up 12.5 million over the past 12 months).

The overseas growth for HBO/HBO Max and subscriber gains for the price-reduced HBO Max ad-supported tier partially offset the estimated loss of 5 million HBO subs through Amazon Prime Channels.

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In announcing Q3 results, AT&T said it expects to reach the higher end of its year-end forecast of 70 million-73 million global HBO Max/HBO subscribers.

WarnerMedia CEO Jason Kilar, who is expected to exit the
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