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Warner Bros. Discovery on Thursday said it saw strong revenue growth in its streaming segment, anchored by HBO Max, ahead of increased scrutiny over its proposed merger with Paramount Skydance.
The media company said in its second-quarter earnings report that its streaming segment surpassed $3 million in revenue, marking a 10% increase from the year prior, with more than $500 million in adjusted earnings before interest, taxes, depreciation, and amortization.
The company said those gains were reflective of growth in new markets for HBO Max as well as its content slate, including popular shows like “Euphoria,” “House of the Dragon” and “The Pitt.”
The second half of the year is expected to be strong with additions like “Harry Potter” and “Gilded Age,” the company added.
Warner Bros. also said advertising revenue for its streaming business increased 9%, primarily due to an increase in global…
