SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 1,119+2.7%Oct 31 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen4/21/2022 10:46:54 AM
2 Recommendations

Recommended By
Sr K
Zen Dollar Round

   of 2280
 
HBO grows to nearly 77 million total subscribers as Netflix reports a decline

PUBLISHED THU, APR 21 20228:34 AM EDT
UPDATED 2 HOURS AGO
Lauren Feiner @LAUREN_FEINER
CNBC.com

KEY POINTS

-- HBO and HBO Max grew to 76.8 million subscribers by the end of the first quarter of 2022.That’s up 3 million subscribers since the previous quarter.

-- Earlier this week, Netflix reported its first subscriber loss in more than a decade.

HBO and HBO Max had 76.8 million subscribers at the end of the first quarter of 2022, former parent company AT&T reported Thursday.

That marks a 3 million subscriber increase from the previous quarter and a 12.8 million year-over-year increase. Domestic average revenue per user (ARPU) reached $11.24, up from $11.15 last quarter.

The news comes shortly after Netflix reported its first subscriber loss in more than a decade. Netflix’s disappointing earnings sent the stock plunging 35% the day after the report, wiping $50 billion from its market cap. Netflix has about 222 million paying households, but it estimates 100 million households are sharing passwords.

Netflix pointed to increased competition and reduced pandemic restrictions that had kept many users glued to their screens contributing to the slowdown.

Though AT&T reported the HBO results, WarnerMedia, the company that owns HBO, is now a part of Warner Bros. Discovery. The newly merged company will report HBO results for the next quarter.

HBO grows to 76.8 million subscribers as Netflix reports a decline (cnbc.com)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News