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Warner Bros. Discovery's Revenue Rises 10 Percent
Warner Bros. Discovery's streaming division saw a 10% increase in revenue during the second quarter, surpassing $3 billion, supported by the expansion of HBO Max into new markets and strong content performance. Advertising revenues also rose by 9%, despite the impact of losing the rights to broadcast NBA games, which reduced the annual growth rate to 16%. Meanwhile, the company's total revenue reached $8.72 billion, compared to an expected $9.29 billion, and net profit stood at $149 million. The company also plans to merge HBO Max and Paramount+ into a unified streaming service, despite opposition from some judicial authorities and lawmakers.
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