Worldwide HBO and HBO Max subscribers include domestic and international HBO subscribers and domestic HBO Max subscribers but exclude Cinemax subscribers.
WarnerMedia parent company AT&T has reported that total domestic HBO and HBO Max subscribers topped 38m and 57m worldwide, respectively. The 38m exceeds previously announced year-end target of 36m, WarnerMedia’s parent company AT&T announced in its Q3 earnings call.
Worldwide HBO and HBO Max subscribers include domestic and international HBO subscribers and domestic HBO Max subscribers but exclude Cinemax subscribers.
Meanwhile, AT&T’s consolidated revenues for the third quarter totalled $42.3bn versus $44.6bn in the year-ago quarter. Operating expenses were $36.2bn versus $36.7bn in the year-ago quarter. The company also said that results were impacted by the Covid-19 pandemic.
“We delivered a solid quarter with good subscriber momentum in our market focus areas of connectivity and software-based entertainment,” said John Stankey, AT&T CEO. “We continue to grow and scale HBO Max, with total domestic HBO and HBO Max subscribers topping 38m — well ahead of our expectations for the full year. Our strong cash flow in the quarter positions us to continue investing in our growth areas and pay down debt. We now expect 2020 free cash flow of $26bn or higher with a full-year dividend payout ratio in the high 50s%.”
