The company grew its subscribers to 99.6 million, up two million QoQ, and global average revenue per user rose 4% QoQ to $7.83.
Warner Bros. Discovery President of Global Streaming and Games JB Parrette stated, “This new offering delivers for consumers the greatest collection of entertainment for the best value in streaming and will help drive incremental subscribers and much stronger retention. Offering this unprecedented entertainment value for fans across all the complimentary genres these three services offer presents a powerful new roadmap for the future of the industry.
Zaslav also noted that MAX is doing better than expected with its bundle deal with Netflix and Verizon Communications . He expressed his confidence that they would hit their full-year 2025 adjusted EBITDA goal of $1 billion. With $90 million in positive EBITDA in Q1, they are off to a strong start. Churn is trending down in the U.S. and hit an all-time low in Q1. While ad sales fell 7% YoY in the quarter, he continues to see sequential improvement starting in Q2.
Source: News Formal (newsformal.com)
Warner Bros Discovery Inc Netflix Inc
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