Globally, subscriber ranges had been 73.8 million, as the firm had reported earlier this month. Sooner than at the contemporary time, the firm had no longer offered a home-world breakdown for HBO and HBO Max. Domestic revenue per subscriber used to be $11.15.
AT&T is about to merge WarnerMedia with Discovery in a $43 billion deal that is looking forward to the remainder blessing of regulators. In its earnings release, AT&T stated it now expects the transaction to shut within the second quarter, which is earlier than the mid-2022 steering it had given since proposing the deal in Would per chance 2021.
The parent firm beat Wall Toll road estimates for the fourth quarter, with adjusted earnings of 78 cents fragment coming in two cents forward of forecasts. Revenue reached $41 billion, which used to be down 10% from $45.7 billion within the prior-365 days period nonetheless forward of estimates for $40.4 billion.
At WarnerMedia, revenue elevated 15% within the quarter to $9.9 billion, with yell-to-particular person subscription revenue climbing 11.5%.
HBO Max launched in Would per chance 2020 and WarnerMedia rolled it out internationally in June 2021. The firm added a more inexpensive, ad-supported tier at that very same time. The quarterly results did not embrace a breakdown of how many subscribers opted for the ad-supported tier.
AT&T stated blamed the revenue downturn on the affect of divested companies, essentially U.S. video within the third quarter and Vrio within the fourth quarter. The firm spun off pay-TV operator DirecTV, which it had bought in 2015, into a separate entity 30%-owned by personal equity company TPG. It sold Vrio, its Latin The united states unit, to maintaining firm Grupo Werthein, closing summer.
At WarnerMedia, vow and “diversified” revenue jumped 45% within the quarter to $4.4 billion, which the firm credited to elevated TV licensing and theatrical box place of job. Selling revenue slipped 13% to $1.6 billion attributable to complicated comparisons with the political frenzy of 2020 on CNN and diversified shops.
Working earnings at WarnerMedia fell 38% to $1.6 billion, reflecting ongoing investments in HBO Max, amongst diversified costs.
AT&T stated this can host a digital event for analysts within the principle half of of March. It expects to present forecasts for the firm as soon as its core wi-fi and telecom resources are absolutely separated from leisure and video. Along with WarnerMedia and DirecTV, AT&T closing December launched plans to promote marketing platform Xandr (whose title is flip shorthand for Alexander Graham Bell) to Microsoft.